Here are
India’s top funded startups for 2017
2017 has seen the stars of the Indian
startup ecosystem bring back the investors to the table, although after taking
a hit at their valuations. ET Rise brings out its half-yearly report on the
State of Startups and explore how startups have changed they way they operate.
After a
year of drought in 2016, the stars of the Indian startup ecosystem came back to
prove they still possess the confidence of the investors.
However, the downtrend of 2016 did result in substantial cutback on their valuations. While Flipkart ended its drought with $1.4 billion from Tencent, Microsoft, eBay, and Naspers in April this year at a reduced valuation of $11.6 billion (from $15 billion), Ola raised $404 million from Falcon Capital and Softbank Group a few days later at a reduced valuation of $3 billion (from $4.5 billion).
It is only Paytm which managed to buck this trend and raised as much as Flipkart ($1.4 billion), but at a higher valuation of $7 billion, up from $6 billion.
The total funding has, however, down marginally from $7,505 million in 2016 to $6,445 million in 2017. To put it in perspective, the number of deals have come down drastically too this year to 509 from 1,345 in 2016 for the corresponding period. This means that while investors are happy to participate in big funding rounds, they are cautious when it comes to the companies they want to back.
It is apparent that 2015 has left its marks on the Indian startup ecosystem and while funds are available and investors are optimistic, responsible expansion would be the way forward.
In our half-yearly report on State of Startups, 2017, we explore the way forward of the top 10 funded startups of India and discuss the changes they have made in order to grow.
Top Funded Startups of 2017 (YTD)
Company
1. Paytm
2. Flipkart
3. Ola
4. ReNew Power Ventures
5. Paytm Mall
6. Greenko Group
7. Delhivery
8. Hero Future Energies
9. Spandana Sphoorty Financial Limited
10. Swiggy
Top Angel Funding Rounds (YTD 2017)
Company
1. Flock
2. iSoS
3. CASHe
4. Latest One
5. Wassup Ondemand
6. Heads Up For Tails
7. Twenty Two Motors
8. Juno Cinic
9. EzCred
10. GST Star
Top Seed Funding Rounds (YTD 2017)
Company
1. Acko
2. Julia Computing
3. WayCool Foods and Products
4. RedCarpetUp
5. Loan Frame
6. TinyStep
7. Cheep
8. Petasense
9. PickMe
10. Suprdaily
However, the downtrend of 2016 did result in substantial cutback on their valuations. While Flipkart ended its drought with $1.4 billion from Tencent, Microsoft, eBay, and Naspers in April this year at a reduced valuation of $11.6 billion (from $15 billion), Ola raised $404 million from Falcon Capital and Softbank Group a few days later at a reduced valuation of $3 billion (from $4.5 billion).
It is only Paytm which managed to buck this trend and raised as much as Flipkart ($1.4 billion), but at a higher valuation of $7 billion, up from $6 billion.
The total funding has, however, down marginally from $7,505 million in 2016 to $6,445 million in 2017. To put it in perspective, the number of deals have come down drastically too this year to 509 from 1,345 in 2016 for the corresponding period. This means that while investors are happy to participate in big funding rounds, they are cautious when it comes to the companies they want to back.
It is apparent that 2015 has left its marks on the Indian startup ecosystem and while funds are available and investors are optimistic, responsible expansion would be the way forward.
In our half-yearly report on State of Startups, 2017, we explore the way forward of the top 10 funded startups of India and discuss the changes they have made in order to grow.
Top Funded Startups of 2017 (YTD)
Company
1. Paytm
2. Flipkart
3. Ola
4. ReNew Power Ventures
5. Paytm Mall
6. Greenko Group
7. Delhivery
8. Hero Future Energies
9. Spandana Sphoorty Financial Limited
10. Swiggy
Top Angel Funding Rounds (YTD 2017)
Company
1. Flock
2. iSoS
3. CASHe
4. Latest One
5. Wassup Ondemand
6. Heads Up For Tails
7. Twenty Two Motors
8. Juno Cinic
9. EzCred
10. GST Star
Top Seed Funding Rounds (YTD 2017)
Company
1. Acko
2. Julia Computing
3. WayCool Foods and Products
4. RedCarpetUp
5. Loan Frame
6. TinyStep
7. Cheep
8. Petasense
9. PickMe
10. Suprdaily
Chhavi Tyagi |
ECONOMICTIMES.COM | August
11, 2017
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