OMG! Four-day star nite for wedding of Janardhana Reddy's daughter

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.

Bengaluru, May 4: Karnataka Pradesh Congress Committee (KPCC) president DK Shivakumar on Sunday condemned the arrest of women Congress leaders who were marching to Chief Minister BS Yediyurappa's house demanding action against BJP MLAs "caught" repacking food materials meant for Anganwadi children and pregnant women.

Taking to Twitter, Shivakumar posted pictures of the incident and wrote, "Strongly condemn the arrest of women congress leaders who were marching to the CM's house to ask for action against BJP MLAs caught repacking food materials meant for anganwadi children and pregnant women. Earlier, held a protest and PC demanding arrest of those involved in the scam."

Earlier on Sunday, Former Karnataka Chief Minister Siddaramaiah claimed that BJP leaders are "stealing" government grocery packets, pasting their photos and providing them to "well off party workers".

Taking to Twitter he wrote, "It is unfortunate that BJP leaders are exhibiting their political cruelty even during crisis. They are stealing govt food & grocery packets to paste their photos and then give it away to their well off party workers."

"Aravind Limbavali and other BJP leaders are caught branding themselves through the government distributed food packets. Nothing is more disgraceful and shameful than this. They should be made to resign & should be arrested," he wrote.

He further asserted that the Karnataka Chief Minister is directly responsible for the leakage. He has allowed his party workers to siphon off poor people's food.

"Shashikala Jolle (Minister of Women, Child Development and Empowerment of Differently Abled, Senior citizens, Govt of Karnataka) should immediately resign for her laxity and allowing her party people to steal from Anganwadi," he added.

Kalaburagi, Mar 14: Utter negligence of Kalaburagi health department officials was one of the main reasons for the death of his father, alleged family member of Kalaburagi man and India's first COVID-19 victim here on Friday.

The victim's son said 'if officials of Kalaburagi health department had advised us to admit his father in isolated ward, which was opened in Gulbarga Institute of Medical science (GIMS), my father's survival time may have been extended,' he said.