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
PFI / SDPI only future hopes. for \United India\""
1 clarification,
PFI, SDPI are emerged to defend the communalism of all these RSS, VHP, BJP non-secular groups.
SDPI are definitely a secular minded political party. Getting more popularity amongst Dalits.
As Monu said, there is no comparision of crimes between
I wonder ......some time even secular minded people to show as secular use the comparison of Organizations such as PFI and SDPI to Fascist RSS , VHP and Bajrangdal.......there is no similarity between these ideologies............except organizing power and discipline .....
PFI never raped and killed innocent Indian citizens
PFI never indulged in anti anti national activities
PFI never took law into hands
PFI never wanted an Islamic state in INDIA
PFI always hoisted Indian national flag in all its programs
....etc etc etc
this is so sad to that second time Mr.Mattu used PFI and SDPI as shield to show secular face
We need such honest and fare mind politician, because of these great human being still humanity is alive in this communal society. May God bless you sir!!
Add new comment