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
Kumar!! Shut up!! Don't blame his parents, and exactly nobody know what took place there..
Rider must have controlled the bike... So it depends on rider, how he rides..., imagine how hurted parents are? Instead blaming them...
And think twice before you type sh*t
Dear Mr. Kumar, your comment reflects your immaturity, lack of understanding of the situation and although I'm sure your intentions were at the right place. I would like to tell you that the deceased and both the parents were not fools. Only you seem like a fool here for that insensitive comment. I hope no harm comes to you and ur loved ones and you are not called a fool for it. I wish you a safe life. Also, I hope you did pray for the departed soul.
Dear Mr Kumar, your comment shows your lack of understanding of the situation. Also the parents were not at fault here. Since you didn't know the person and since the full situation is not given.. I would suggest you would shut up before passing blame or using such words about the deceased person. The person and parents were both not fools. The only fool I see here is you. I suggest you stay safe though. And no harm comes to you. And people not call you a fool after such a tragic incident. Also thank you Mr./mrs.shaji for showing maturity and decency.
Dear Kumar, we cant blame parents. sometimes, they are helpless agaisnt the hard will of their kids. Some boys even say to their parents that they will discontinue study in case their demand is not met. May God bless kids with correct way of life.
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