Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.
In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.
Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.
"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.
With an average of $21 million, the ticket size value of funding increased by 15% in 2019.
Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.
"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.
According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.
"Nevertheless, the investment activity is expected to rise in 2021," said the report.
The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.
With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.
The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.
The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.
Comments
Feeling deeply hurt while reading such news about this Genius, Brilliant and highly knowledgeable person. What was his mistake ?that he called people toward truth? made them spend proper life and to lead a peaceful life which may benefit mankind in both the world?? he spoke the truth publicly is the terrorism??is he provoked anything which made his team to kill anyone. Many people in the world appreciating about his deeds but same time many people talking bad about PM Modi so who is what here. His Allah is with him and he is a strong believer. May Allah protect him from this calamity Aameen.
Islam says Suicide is an unforgivable SIN...
ALLAH gave us this LIFE, and QURAN is the manual to understand what is LIFE...
Non-Muslims should read the QURAN (U can check online thequranproject) to understand better, How ALLAH created Life and death and What is the purpose of this life...
QURAN is not just for the Muslims... it is a GUIDANCE from our CREATOR To the whole of UNiverse... Please look into it... U will be enlightened.
Those who are HONEST in looking for the CREATOR... ALLAH will Guide them... thats the trust we should have.... God is GREAT (ALLAHU AKBAR)
NA TASYA PrATIMA ASTI... there is no image of God....
she needs beef sukka
IS this not enough for HINDU brothers & Sisters to stay far away from the real Killers of our society. if U dont use your intellect and recognize the real culprits in our society... We will all dome our society with the liars and killers in disguise.
Whatever ways U want to block , ISLAM will grow with Zakir naik or Without HIM...
Enemies of ISLAM plan, But ALLAH has a plan...
Everything happens with the will of ALLAH. ALLAH's plan will Succeed..
Non Muslim should use their God given intellect to VERIFY what wrong thing Dr. Zakir naik says... If he is bringing near to the one LORD ALLAH to U guys then accept it (Even vedas says NA tasya pratima Asti - There is no image of GOD) Dont U think as Human beings are the smartest creation of ALLAH who can analyse and reason when they use their INTELLECT.
Why dont U guys think and PONDER on the lives we were created by ALLAH... Y We only believe the LIARS when we know the authorities caught lying many times...
Wake up guys... and PONDER on what ZAKIR NAIK says and Stop believing whatever LIARS want U to believe.
Add new comment