Startups in India have raised a record 14.8 billion US Dollars in 2019 alone. It marks a major year on year growth from 10.6 billion US Dollars back in 2018.
According to Tracxn, a research firm, Tech related startups in India this year had participated in over 1,185 financial rounds. In this, about 459 of these were Series A (1st stage startups after conceptualisation) or later rounds raised the amount from 917 different investors. Notably, about 81 of these financial dealings were in between the sizes of 25 million to 100 million US Dollars.
On the other hand, early-stage startups also participated in pre-Series A financial rounds and raised upwards of 6.9 billion US Dollars. This is a bit more than double of last year’s 3.3 billion US Dollars, according to reports from a venture debt firm named InnoVen Capital.
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Furthermore, 128 startups in India also got publicly listed which attracted a record number of international investors in 2019. This is indicative of the Southeast Asian country’s strong growth which is on a steady climb. To paint a broader picture, Indian startups only raised about 550 million US Dollars at the start of the decade back in 2010.
Initially, these startups were more inclined towards western trends, in which they provided e-commerce solutions and ideas to the market. Now, they are highly diversified and take on all sorts of fields tackling anything under the Sun. Reportedly, there a 150 educational and learning app startups, 160 fintech startups, 82 ride hailing services (Similar to Uber), 42 insurance firms, and a lot more.
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(Via)
