Presents INDIAN TECH STARTUP FUNDING REPORT · acquisition, with Walmart acquiring a 77% stake in...
Transcript of Presents INDIAN TECH STARTUP FUNDING REPORT · acquisition, with Walmart acquiring a 77% stake in...
INDIAN TECH STARTUP FUNDING REPORT H1 2018
Presents
Inc42 is a new-age digital media platform which brings its readers all the important news, views, developments, and insights on the startup and technology ecosystem of India. We decode the jargon, make sense of the noise, and tell you what you need to know in a variety of formats — well-rounded news stories, analysis, interviews, features, long forms, videos, and more.
Inc42’s twin mission, apart from educating its audiences, is also to be an enabler for the Indian startup ecosystem. Our special research and data-backed reports on the health of the Indian startup ecosystem aim to help startups and ecosystem stakeholders be prepared for and emerge as winners in the ongoing technology revolution in India.
Inc42 has published more than 10 reports in the last year through Inc42 DataLabs, which is tasked with producing detailed research reports covering diverse industries and startup ecosystem entities spread across the 29 states and seven Union territories of India. The data from our DataLabs reports has been cited by many reputed publications, including Mary Meeker’s annual internet trends report.
TABLE OF CONTENTS
Editor’s Note
Business ModelBreakup
M&A Overview
Stage-Wise Breakdown
Demographic Breakdown
Funding Projections
Investor Split
Conclusion
Sector Split
01
17
23
07
19
24
11
21
27
First, the bad news: Funding is down, the number of deals has fallen. In H1 2018, start-up funding deals witnessed a 17% decline while the total funding amount decreased by 47%, as compared to H2 2017.
Now, the good news: Indian startups are still going strong. In fact, they’re finding their place under the global sun. The $16 Bn Walmart-Flipkart deal went down as the largest deal in the world’s ecommerce history and possibly changed the balance of power in Indian ecommerce. The high-value exit is also likely to boost investor confidence in Indian startups.
Speaking of exits, globally, Indian exchanges recorded the highest IPO activity in the first half of this year, with a total of $3.9 Bn raised in IPOs.With Japan’s Softbank Group and many more investors being on a roll and continuing to sign off massive cheques, it’s a promising time in funding for Indian startups.
The Indian startup ecosystem also added some feathers to its cap in the form of four unicorns in H1 2018 — Paytm Mall, Policybazaar, Swiggy, and Byju’s — with many more queued up for glory. It is also the day of Indian consumer startups. B2C startups are following in the steps of Big Brother B2B and gazing at international markets. Point in case: Oyo and Ola, which reached out beyond India’s borders, setting the ball rolling.
Meanwhile, with the Startup India mission entering its third year, expectations from all quarters are running high. With the Department of Industrial Policy and Promotion (DIPP) announcing the much-await-ed State Startup Ranking Framework, Indian states are making a beeline to grow their own startup ecosystems. This is the next wave of startup growth, which is moving away from metros to Tier 2 and Tier 3 cities. Good news again.
With India poised for a general election next year, the present government is only likely to intensify its Startup India mission. And, if there’s a shift in power in 2019, I am positive that the incumbent government too will work towards the same goal because of the huge role startups have played in developing the economy and in creating jobs.
Also, according to Inc42’s data crunchers, H2 2018 is expected to be better. Is that good news or what?
Editor’s NotePOOJA SAREEN
Editor-In-Chief, Co-FounderInc42 Media
01 Indian Tech Startup Funding Report For H1 2018
Executive Summary
In H1 2018, the Indian startup ecosystem witnessed a decline in startup deals as well as in funding. The fall in the number of deals in the seed and bridge stages seems worrisome, even though the total funding in these stages was higher than in H2 2017. This essentially means that fewer startups are being able to crack seed-stage funding deals. Investors have clearly been discerning in 2018 so far.
However, amid this investment dry run, mature startups are scoring some big ticket fundings: Paytm secured $445 Mn for Paytm Mall and Swiggy secured $310 Mn in two rounds; Gaana.com and PineLabs individually raised $115 Mn and $125 Mn this year so far. Out of the total of $3 Bn funding that Indian startups secured in H1 2018, these four took away close to $1 Bn.
The M&A market in H1 2018 was also quite inactive compared to H2 2017. However, amid this low came the world’s biggest ecommerce acquisition, with Walmart acquiring a 77% stake in Flipkart for $16 billion.
Now, let’s have a more detailed look at the funding landscape of H1 2018.
“Paytm Mall, Policybazaar, Byju’s
and Swiggy Emerged as Unicorns in H1
2018”
Indian Tech Startup Funding Report For H1 2018 02
Top Startup of H1 2018Startups that got more than $50 Mn in H1 2018 (till 22nd June): Paytm Mall and Swiggy were the most funded with $445 Mn and $310 Mn, respectively, in total funding so far this year.
03 Indian Tech Startup Funding Report For H1 2018
Indian Tech Startup Funding H1 2018 - OverviewOver $3 Bn was invested across 372 deals during the period January and June 22nd 2018. Here is a brief overview of the funding and M&A activity in the Indian tech startup ecosystem for H1 2018.
372Total Number of Deals
345Total Number of Funded Startups
551Total Number of Participating Investors
$3.0 BnTotal Amount of Funding Raised
FintechTop Sector in Funding
54Total Number of M&As
Indian Tech Startup Funding Report For H1 2018 04
A REPORT ON
Indian Tech Startup Funding H1 2018
Indian Tech Startup Funding Report For H1 2018 06
OVERVIEW
In 2018, till June 22, the Indian startup ecosystem received $3 Bn funding through 372 deals. In that time period, 37 startups received more than one round of funding. In H1 2018, startup funding deals witnessed a 17% drop while the funding amount dropped by 47% as compared to H2 2017.
”Total $3 Bn was invested across 372 deals in H1 2018 (till 22nd June).”
“Compared to H1 2017, in H1 2018, we saw an 18% drop in deals and a whopping 57% decrease in total funding”
Quarterly Funding Trends 2014-2018 (June) TOTAL FUNDING (in $Million) # DEALS
Half Yearly Funding Trends 2014-2018 (June) TOTAL FUNDING (in $Million) # DEALS
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
6582 74
98
199
202
247
261 280 254
258
166
231223
284
166200
172
724 652 1665 2163 1515 1765 3489 2035 1745 1107 1236 637 2606 4375 3228 2433 1385 1619
1376H1 2014
3828H2 2014
3280H1 2015
5524H2 2015
2852H1 2016
1858H2 2016
6981H1 2017
5676H2 2017
3005H1 2018
147172
401
508534
423
455
450
372
Stage-Wise BreakdownFunding in H1 2018 has been quite low compared to H1 2017 and H2 2017. The effect was observed across all startup stages. Compared to H2 2017, the seed and bridge stages saw a decrease in the number of deals, while the growth and late stages observed a considerable
decline in the total funding amount.
Indian Tech Startup Funding Report For H1 2018 08
BRIDGE FUNDING
Half-Yearly Bridge Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
50Total No. Of Deals In H1 2018
285Total No. Of Deals Since H1 2015
$42 MnFunding Amount Raised In H1 2018
$211 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
SEED FUNDING
Half-Yearly Seed Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
179Total No. Of Deals In H1 2018
1812Total No. Of Deals Since H1 2015
$183.7 MnFunding Amount Raised In H1 2018
$741.5 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
Insight: In H1 2018, the total funding amount raised at the seed stage saw a growth of 235% compared to H2 2017 and 82% compared to H1 2017. However, the number of seed funding deals saw a 30% decrease compared to both the previous periods.
Insight: Compared to H1 2017, in H1 2018, bridge funding showed a growth of 52% in terms of deals and 96% in terms of total funding.
1.57 14 94 94 99 113 100 54 183
1439
215303
335267 254
259
179
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018
38 19 18 26 37 22 21 42 42
7254
1733
68
27 33
57 50
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018
GROWTH-STAGE FUNDING
Half-Yearly Growth-Stage Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
97Total No. Of Deals In H1 2018
755Total No. Of Deals Since H1 2015
$834 MnFunding Amount Raised In H1 2018
$7336 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
Insight: As compared to 2017, growth-stage funding saw a slight improvement in 2018. The number of deals in H1 2018 increased by 15% compared to H2 2017. However, the funding amount fell by 40% compared to H2 2017 and by 18% compared to H1 2017.
3452
124139
95 91
125 84
97
179H1 2014
384H2 2014
1093H1 2015
1476H2 2015
863H1 2016
668H2 2016
1014H1 2017
1385H2 2017
834H1 2018
LATE-STAGE FUNDING
Half-Yearly Late-Stage Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
46Total No. Of Deals In H1 2018
291Total No. Of Deals Since H1 2015
$1944 MnFunding Amount Raised In H1 2018
$20895 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
Insight: In H1 2018, there was a sharp decrease of 54% in total late-stage funding compared to H2 2017.
27 27
4533
36 38
43
5046
1157H1 2014
3409H2 2014
2073H1 2015
3926H2 2015
1852H1 2016
1059H2 2016
5845H1 2017
4193H2 2017
1944H1 2018
09 Indian Tech Startup Funding Report For H1 2018
BIGGER CHEQUES, FEWER DEALS
Summing up the funding trends of H1 2018, we can conclude that in the seed stage, investors are leaning towards bigger investments in a smaller number of startups this year.
Further, the ticket size decreased in growth- and late-stage fundings. In 2018, the funding crunch of 2017 continues, and this is reflected across all stages. Overall funding in H1 2018 was less than half of that in H1 2017.
The reduced funding in the growth and late stages and increased funding in the seed stage suggest that investors are scouting for real innovative startups to bet their money on. Gone are the days of ‘spray and pray’!
“Funding Crunch: It seems like the funding crunch in growth stage in H1 2018 was facilitated by funding in Series B, which saw a 62% decline in funding amount compared to H2 2017. In Series A, the funding amount was up by 142% from H2 2017”
Indian Tech Startup Funding Report For H1 2018 10
Sector-Wise Split In continuation of the trends observed in 2017, fintech, ecommerce, healthtech, consumer
services, logistics and enterprise applications topped the funding charts in H1 2018. Artificial intelligence (AI), big data, edtech, entertainment, hardware, and adtech are
some of the sectors that are expected to pick up pace in the coming months.
OVERVIEW
Overall, Paytm Mall secured the maximum funding in H1 2018 – $445 Mn — followed by Swiggy, which secured $310 Mn across two rounds of funding.
Continuing its upward streak, ecommerce continues to pull in the biggest investments, owing to big ticket fundings like Paytm Mall. However, in terms of growth rate and the number of deals, fintech topped the chart.
46% of the total funding of $3 Bn in H1 2018 went to Fintech and Ecommerce alone
Indian Tech Startup Funding Report For H1 2018 12
Half-Yearly Sector Pie H1 201
19%FINTECH
9%CONSUMER SERVICES
10%ENTERPRISE SERVICES
13%ECOMMERCE
11%HEALTHTECH
15%OTHERS
7%EDTECH
7%ENTERPRISE
APPLICATIONS
3%HARDWARE
& IOT
6%ENTERTAINMENT
TECH
ENTERPRISE TECH
Half-Yearly Enterprise Tech Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
62Total No. Of Deals In H1 2018
486Total No. Of Deals Since H1 2015
$345 MnFunding Amount Raised In H1 2018
$2162 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
FINTECH
Half-Yearly Fintech Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
70Total No. Of Deals In H1 2018
358Total No. Of Deals Since H1 2015
$631 MnFunding Amount Raised In H1 2018
$6025 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
TOP 5 STARTUPS
3139
86
83
62
60 64 69 62
435H1 2014
133H2 2014
461H1 2015
172H2 2015
105H1 2016
484H2 2016
267H1 2017
325H2 2017
345H1 2018
TOP 5 STARTUPS
13 Indian Tech Startup Funding Report For H1 2018
79H1 2014
54H2 2014
573H1 2015
972H2 2015
491H1 2016
299H2 2016
1961H1 2017
1094H2 2017
631H1 2018
1713
37 36 5344
66
52
70
HEALTHTECH
Half-Yearly Healthtech Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
40Total No. Of Deals In H1 2018
291Total No. Of Deals Since H1 2015
$180 MnFunding Amount Raised In H1 2018
$946 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
ECOMMERCE
Half-Yearly Ecommerce Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
49Total No. Of Deals In H1 2018
490Total No. Of Deals Since H1 2015
$786 MnFunding Amount Raised In H1 2018
$8386 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
21 22
63
102
98
7656
46
49
434H1 2014
2502H2 2014
523H1 2015
2152H2 2015
844H1 2016
326H2 2016
1877H1 2017
1875H2 2017
786H1 2018
11 14 18
33 52 3359 56
40
36H1 2014
134H2 2014
113H1 2015
175H2 2015
72H1 2016
47H2 2016
198H1 2017
159H2 2017
180H1 2018
TOP 5 STARTUPS
TOP 5 STARTUPS
Indian Tech Startup Funding Report For H1 2018 14
15 Indian Tech Startup Funding Report For H1 2018
CONSUMER SERVICES
Half-Yearly Consumer Services Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
34Total No. Of Deals In H1 2018
385Total No. Of Deals Since H1 2015
$382 MnFunding Amount Raised In H1 2018
$1775 MnFunding Raised since H1 2015
KEY HIGHLIGHTS
917
5779
65
58
4250
34
23H1 2014
90H2 2014
323H1 2015
396H2 2015
105H1 2016
109H2 2016
173H1 2017
283H2 2017
382H1 2018
TOP 5 STARTUPS
EDTECH
Half-Yearly Edtech Funding Trends H1 2014 - H1 2018 TOTAL FUNDING (in $Million) # DEALS
46Total No. Of Deals In H1 2018
188Total No. Of Deals Since H1 2015
$41 MnFunding Amount Raised In H1 2018
$484 MnFunding Raised Since H1 2015
KEY HIGHLIGHTS
13 14
25
23
38 2524
27 26
22H1 2014
7H2 2014
46H1 2015
20H2 2015
105H1 2016
63H2 2016
128H1 2017
78H2 2017
41H1 2018
TOP 5 STARTUPS
Indian Tech Startup Funding Report For H1 2018 16
Business Model BreakupIn H1 2018, we observed that investors were more keen to invest in a mixed B2B/B2C model. Funding deals in B2B/B2C business model startups remained fairly consistent
since H1 2017.
OVERVIEW
There was an overall drop in the number of deals in H1 2018. The trends show that deals among B2B startups have been growing consistently while B2C startup deals have been falling. Compared to H2 2017, in H1 2018, B2B deals fell by 34% and B2C deals fell by 24%.
Deals in B2B/B2C remained consistent in H1 2018. Startup funding trends in this period show that investors are keen to invest in startups that follow a mixed B2B/B2C business model. In H1 2018, funding in startups with mixed models for H1 2018 was $1875 Mn. In the same period, the funding amounts for B2B and B2C startups were $325 Mn and $805 Mn respectively.
*We consider companies like Paytm, Flipkart, Snapdeal as B2B/B2C, given the fact that they have sellers and buyers as clients/customers.
“Compared to H2 2017, in H1 2018, B2B deals fell by 34% and B2C deals fell by 24%”
Indian Tech Startup Funding Report For H1 2018 18
Half-Yearly Business Model Breakdown H1 2014 - H1 2018 B2B B2C B2B/B2C
37
65
4544
74
76
143
182
87
174
247
79
198
257
81
153
189
88
135
232
95
136
219
58
103
211
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018
54
Demographic BreakdownBengaluru retained its top spot but witnessed a slowdown in the number of deals in
H1 2018 by 49%, compared to H2 2017. Once again, Delhi-NCR and Mumbai were close on the heels of Bengaluru.
OVERVIEW
In H1 2018, Bengaluru hit the top spot in with 119 deals. Delhi and Mumbai followed with 98 and 77 deals respectively. Surprisingly, compared to H2 2017, deals for Bengaluru-based startups has decreased by 49% and for Mumbai-based startups, they increased by 33%.
In H1 2018, funding deals in Hyderabad and Pune decreased compared to H2 2017. However, in the same period, deals for Chennai-based startups doubled.
“80% of the deals in H1 2018 were concentrated among startups in Bengaluru, Delhi/NCR and Mumbai”
Indian Tech Startup Funding Report For H1 2018 20
City-Wise Distribution H1 2018 Other Hubs AHMEDABAD JAIPUR KOLKATA
H1 2016 H2 2016 H1 2017 H2 2017 H1 2018
13 13
0
8
46 6
3
86
1 1
11
1
5
City-Wise Distribution H1 2018 Upcoming Hubs HYDERABAD PUNE CHENNAI
H1 2016 H2 2016 H1 2017 H2 2017 H1 2018
2722
17
10
2014
1916 16 18
148
11 9
16
233
City-Wise Distribution H1 2018 Top Hubs BENGALURU DELHI/NCR MUMBAI
H1 2016 H2 2016 H1 2017 H2 2017 H1 2018
158177
95123 139
72
141 13590 95
58
119 9877
Investor Split551 unique investors participated in Indian tech startup funding during H1 2018.
The number fell by 10% as compared to H2 2017.
OVERVIEW
About 1,600 Angels and 650 venture capitalists (VCs) have participated in Indian startup funding since H1 2015. Compared to H2 2017, the number of unique VCs and Angels came down by 14% for both in H1 2018.
According to Inc42 data, in H1 2018, the number of angels and VCs that took part in Indian startup funding decreased by 14% each.
Indian Tech Startup Funding Report For H1 2018 22
Investor Breakdown H1 2018 (Figures in %) VC Firm Angel Network Corporate Others
218Angel Investors in H1 2018
1597Angel Investors since 2015
Binny Bansal, Rajan AnandanTop Angels of H1 2018
627VCs since 2015
166VCs in H1 2018
Blume Ventures, Accel Partners India, Sequoia Capital IndiaTop VCs of H1 2018
KEY HIGHLIGHTS
Angels investor & VC Participation trends H1 2014 -H1 2018 Angel Investors Venture Capital
H1 2016
H2 2016
H1 2017
H2 2017
H1 2018
30 40 3 24 3
32 42 3 20 4
30 48 3 17 3
27 49 3 19 2
23 56 3 16 2
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018
38
110
116
178
357
359
377338
568
328
302 325
357
267
339
231
314
437
23 Indian Tech Startup Funding Report For H1 2018
M&A OverviewIn H1 2018, 54 M&As were reported. During the period from H1 2015 to H1 2016, the Indian startup ecosystem reported a gradual rise in M&As. However, the number started falling from H2 2016 onwards. In H2 2017, M&A activity witnessed an increase, but in H1 2018, we observed a 28% dip.
While Flipkart’s acquisition by Walmart caught the imagination of the Indian startup ecosystem for months, other sectors that reported a high number of M&As were enterprisetech, followed by fintech and consumer services.
M&A Sector-Wise Breakdown M&A H1 2018
Insight: In H1 2018, major M&As were observed in Enterprise tech, followed by Fintech and Consumer Services.
Half Yearly M&A Trends H1 2015- H1 2018 No of M&A
H12015
H22015
H12016
H22016
H12017
H22017
H12018
50
6776
79
54
75
54
Enterprise tech
Fintech Consumers Services
Entertain-ment Tech
Online Travel
Real Estate
Edtech Hardware Healthtech Logistics Others
14
86 6
53
2 2 2 21
Indian Tech Startup Funding Report For H1 2018 24
Funding ProjectionsAccording to projections based on our time series data, H2 2018 is expected to witness about $4.8 Bn in funding across 503 deals. The projections suggest a relief from the current low funding in the ecosystem.
Fintech will continue to be one of the important sectors to look out for in H2 2018. With a new framework in place fordecentralised ledgers and blockchain is seeing increasing application and changing the dynamics of all markets.
While fintech has already seen blockchain adoption with a few pilots, in H2 2018, we can expect adoption of blockchain in various other sectors, thereby increasing funding for these sectors as well.
Insight: Projections suggest that in H2 2018, startups are expected to garner $4.8 Bn in funding across 503 deals
PROJECTIONS
Half-Yearly Projections H2 2018 TOTAL FUNDING (in $Million) # DEALS
147
401
508
534
423 455
450372
503
1376H1 2014
3828H2 2014
3280H1 2015
5524H2 2015
2852H1 2016
1858H2 2016
6981H1 2017
5676H2 2017
3005H1 2018
4843H2 2018
Projected
172
Indian IPOs & ICOs: The Next Big Thing
Globally, IPOs and ICOs are on the rise. In H1 2018, India observed a record high of IPOs worth $3.9 Bn and ongoing ICOs of multiple startups.
Indian Tech Startup Funding Report For H1 2018 26
OVERVIEW
Globally, Indian exchanges recorded the highest IPO activity in the first half of this year with 90 IPO launches that raised a total of USD 3.9 Bn. According to the EY India IPO Readiness Survey Report, Indian exchanges recorded the highest IPO activity globally in terms of the number of deals, accounting for 16% of the total issues in the first half of this year.
Riding on this IPO wave, Indian startups have also been issuing their own IPOs or releasing IPO plans. E2E Network, a solid-state drive (SSD) cloud startup, issued its IPO in May 2018, giving rise to the story of an underdog which had a rockstar IPO debut. Earlier, Infibeam and Bharat Matrimony launched their IPOs. Further, Nazara Technologies is set to IPO in July 2018 and IndiaMart is also eyeing an IPO sometime this year.
With crypto-fever on the rise globally, startups are seeing initial coin offerings (ICOs) as a viable alternative to IPO. Despite a negative outlook among regulators and venture capital funds, cryptocurrency-based ICOs have become a trend among Indian startups.
Mumbai-based startup Drivezy raised $5 million from its first security-based ICO offering in February. Other startups such as WandX, Nucleus Vision, Bitnidia, and Cashaa have their ICOs underway as well.
The RBI, meanwhile, has banned cryptocurrencies. ICOs being uncharted territory, we will have to wait and watch how this new fundraising method pans out for Indian startups
ConclusionThe dominating sectors of the Indian startup landscape — fintech, healthtech, ecommerce, enterprise, and logistics — all have a global appeal, which is enticing investors to increase their stake in Indian startups. This became evident with Amazon and Walmarts continued (and separate) M&A talks Indian ecommerce company Flipkart. In the end, US retail giant Walmart acquired a 77% stake in Flipkart for $16 billion, making it the world’s biggest ecommerce acquisition deal.
The increased collaborations between the Indian startup ecosystem with those of Israel, the UK, and SAARC nations is also going to be of advantage to both the parties. With regard to funding, India is now home to more than 200 incubators and 70 accelerators, with over 200 VC firms driving startup communities in metros and non-metros from seed stage to the growth stage.
The active presence of ambitious investors such as SoftBank, Sequoia Capital, Accel Partners, Blume Ventures, and more in India further raises for late-stage investment rounds in prominent startups across sectors.
All in all, the country is undergoing a tremendous digital transformation. And, in the process of nurturing a robust startup ecosystem, India is addressing many of its problems such as jobs creation, raising the standard of living, education in rural areas, financial inclusion, and more, all at once.
27 Indian Tech Startup Funding Report For H1 2018
Disclaimer
The data provided in this report has been obtained from public and private sources. We have made every attempt to ensure that the information presented in this report is accurate and free from any discrepancies. Ideope Media Pvt. Ltd., the parent company of Inc42 Media and Inc42 DataLabs is not responsible for any inaccuracy in the information presented or for any damages caused by the use of information provided in this report. In case of any discrepancy or errors in the data, you can contact us at [email protected] and we will try our best to update the information in our digital version of the report. We are constantly updating our database of startups. Due to new startups of various domains being updated, previously reported deals and amount might vary.
This report has been prepared in good faith on the basis of information available at the date of publication without any independent verification. Ideope Media Pvt. Ltd. does not guarantee the accuracy, reliability or completeness of the information in this publication. Readers are responsible for assessing the relevance and accuracy of the content of this publication. While this report talks about various individuals and institutions, Ideope Media Pvt. Ltd. will not be liable for any loss, damage, cost or expense incurred or arising by reason of any person using or relying on any information in this publication.
This document makes descriptive reference to trademarks that may be owned by others. The use of such trademarks herein is not an assertion of ownership of such trademarks by Ideope Media Pvt Ltd and is not intended to represent or imply the existence of an association between Ideope Media Pvt Ltd and the lawful owners of such trademarks. Information regarding third-party prod-ucts, services and organisations was obtained from publicly available sources, and Ideope Media Pvt. Ltd. cannot confirm the accuracy or reliability of such sources or information. Its inclusion does not imply an endorsement by or of any third party. The views and opinions in this report should not be viewed as professional advice with respect to your business.
GLOSSARYTech Startup: Technology enabled or technology driven, highly scalable businesses driven towards rapidly creating massive impact
Seed Funding: Funding raised in Pre-seed, seed and angel funding round
Bridge Funding: Funding raised in Pre-Series A, Pre-Series B, Convertible Debt rounds
Growth Stage Funding: Series A and Series B are considered as growth stage
Late Stage Funding: Funding raised at Series C, Series D rounds and beyond it
Delhi NCR: Delhi and the adjoining areas like Noida, Gurugram, Faridabad etc.
Tourist Angels: Angel investors who haven’t participated in more than 2 startup funding deas
Unicorn: A unicorn is a startup company valued at over $1 Bn
Soonicorns: Startups that have a high chance of joining the unicorn club
Average Ticket Size: Avg ticket size is the average of dis-closed funding amount based on the discussed constraints
VC: Venture Capital
YoY: Year on Year
MoM: Month on Month
Mn: Million, Bn: Billion, Tn: Trillion
B2B: Business To Business, B2C: Business To Consumer
B2B/B2C: Business To Business/Business To Consumer
B2B/B2C: Business To Business/Business To Consumer
H1: Half yearly January-June, H2: July-December
H1-2018: Duration January-22 June
$XXK - XX Thousand USD, $XXM - XX Million USD
$XXB - XX Billion USD
Editorial Pooja Sareen
Prakriti Singhania
Data & Research Ankan Das
Naushad Alam
Design Utkarsh Agarwal
Credits
CONTACT INC42 MEDIA
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About Inc42 MediaInc42 is a new-age digital media platform which brings its readers all the important news, views, developments, and insights on the startup and technology ecosystem of India. We decode the jargon, make sense of the noise, and tell you what you need to know in a variety of formats — well-rounded news stories, analysis, interviews, features, long forms, videos, and more.
Inc42’s twin mission, apart from educating its audiences, is also to be an enabler for the Indian startup ecosystem. Our special research and data-backed reports on the health of the Indian startup ecosystem aim to help startups and ecosystem stakeholders be prepared for and emerge as winners in the ongoing technology revolution in India.
About DatalabsInc42 has published over 10 reports in the last year through Inc42 DataLabs, which is tasked with producing detailed research reports covering diverse industries and startup ecosystem entities spread across the 29 states and seven Union territories of India. The data from our DataLabs reports has been cited by many reputed publications, including Mary Meeker’s annual report.
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