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.
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No muslim will pelt stone to mosques. Then who else???
I wont think that KN govt will control those media. especially siddaramaiah govt. They are always giving preferences to Mulsims
I can strongly say that many of the issues worsening because of biased medias. They are propagating their ideology. Karnataka govt should control that.
Police should act fast and effectively. Should use commandos if needed
Guilty people should get arrested
Mr. Althaf. Did those people written and kept we are Hindus..? I too saw video. From low resolution video how to came to know that he is those people are Hindus. I know many Muslims who does not like many of your rules and rigidity.
honnavara is burning, chickmangalore is in boil, Hunsur suppose to burn! but the communal goons roam free, and we say secular govt, is in power! vote devide bla bla bla!!!! jus wake up and see the realities!!
The policemen belongs to CongRSS party which is ruling Karnataka..
I saw one video in that hindus are pelting stone at mosques and piolice personel are watching this without taking any action. Infront of police Hindu guys are destroying public properties and police is watching the show. Shame on police. How can people trust this police?? Who will save muslim properties and mosques?
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