FAMGA sets funding record for startups despite the pandemic

FAMGA the five big global tech giants have set records in terms of start-up funding.

Facebook, Amazon, Microsoft, Google and Apple (also known as FAMGA) the five big global tech giants have set records in terms of start-up funding.
According to a report, the companies have invested 44% in the US, 33% in India, 11% in the UK and 11% in other countries.
A huge chunk of the investment has gone to Reliance’s Jio. Google, Facebook, Amazon also happen to be Reliance’s strategic investors.
Other recipients of these funds have been Unacademy, Capital Float and BankBazaar.

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