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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Mr. Anant K. Hegde is criminal and communal minded person, who can't tolerate the coexistence of people of different religions and castes in Kannada Nadu. Whatever the "guilty feeling" he has in his mind due to his own communal mind, he expressed it on Siddaramaih. He was already awarded with Ministerial Berth for his anti-Islam & anti-Muslim rhetoric and now he is using his "communal card" to divide the people. He may be promised to be conferred with "CM" post for this.
This is what he is now being trained by his "Saffron".
Mr. Hegde's statement is absolutely incorrect. Mr. Hegde is communal minded, so he likes communization in the country particularly in Karnataka and Mr. Siddaramiay likes peace and all religions are same there is no discrimination.
This speech should not be surprising for us. Whenever BJP feels they are in danger of loosing election or peopels support they start to take support of pakistan name. Now every indian knows BJP is the only benificiary of taking name of pakistan may be for that purpuse our prime minister went there and hugged him for supporoting him. BJP politics has gone too much cheap. GOd save our country.
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