Indian startups funding report first 9 month-2019

Funding raised by Indian startups- first 9 month-2019

Indian startups first 9-month funding data report published by YourStory mentioned that, in a total of 603 deal, Indian startups raised $7.67 billion. The figures are just down 4% from the previous year 2018.

The Indian startups funding data of the first three-quarters from January-September- 2019 are in line with the previous year.

In the same period in 2018, Indian startups raised $8 billion.

Indian startups raised $7.67 billion in funding from a total of 603 deals in the first nine months of 2019.

  • From 223 pre-series A rounds of funding, Indian startups raised $186.6 million with an average of $0.83 million per deal.
  • From 125 Series A and B rounds of funding, Indian startups raised $1.54 billion with an average of $12 million per deal.
  • From 76 Series C and beyond funding rounds, Indian startups raised $3.39 billion with an average of $44 million per deal.

The report is not surprising, and the figures are in line with the industry’s growth expectations.

Today, the Indian economy is facing some problems of slow down, and at that time, if Indian startups sustain their momentum, it is a good sign for the future of the Indian startups ecosystem.

Sector-wise Indian startups funding trend

Logistic startup DELHIVERY is the leader of startups funding by the number of deals and amount raised during the period. Logistic startup DELHIVERY has raised a total of $528 million in these 9 months, followed by Ola $514 million, and Ola electric has raised $306 million of funding from investors.

The Logistics and Mobility is the sector that raised maximum funding, raised $1.79 billion, 23.3% of total funding from investors, followed by transport, and fintech sectors.

The Indian fintech startups have raised $1.66 million, 21.6% of the total funding amount, and 15.5% of the total number of startups raised funds in the first 9-month 2019, down 9.7% from the previous year 2018.

In the previous year 2018, Indian fintech startups raised $2.1 billion of funding, and in 2017 in the same period, Indian fintech startups raised $1.84 billion

The eCommerce is losing the momentum raised $1.14 billion, 14.8% of total funding in the first 9-month 2019. In the same period in 2017, eCommerce raised $4.4 billion, 43.5% of total funding raised from the investors. In 2018, eCommerce startups raised $1.45 billion, which is calculated as 18.1% of the total funding amount.

The logistics sector is leading the funding in the first 9-month of 2019, and it is the sector where investors are now focusing due to the growing requirement of Indian merchants, tech-enabled, innovative solutions.

After the growth of the eCommerce sector, now the supporting sector logistics sector is growing with new technology and funding.

In India, the digital transaction is growing with a robust rate, and it requires the support of fintech technology startup to meet the requirement of the consumer.

UPI payment, payment wallets, accessible credit are factors that support the Indian fintech startups ecosystem in India.

Geographical distribution of Indian startups

Top funded Indian startups city wise number of deals -first nine month-2019
Image source – YourStory

A recently published report mentioned that Delhi is leading the nation with the number listed startups, but this year, by the number of deals and the amount, raised Bengaluru is leading the Indian startups ecosystem.

Bengaluru is leading the Indian startups funding rounds by the number of deals and the amount raised during the same period.

Bengaluru-based startups raised $3.46 billion from 204 funding deals, followed by Delhi NCR-based startups raised $2.43 billion from 175 deals, and Mumbai-based startups raised $0.73 billion of funding from 121 deals the investors.

Indian unicorn startups of this period

Total 21 Indian startups, each raised more than $100 million including, Delhivery, Oyo, Oyo Electric, Udaan, DMI group, Grofers, Byju’s, FirstCry, Bigbasket, Zomato, Avaada Energy, Northern ARC, CerDekho, Rebel Foods, Meesho, Cred, and Curefit. These Indian startups are the choice of investors because of better growth expectations.

Top funded Indian startups first nine month-2019
Image source- YourStory

Total 8 Indian startups become Unicorn startups in these 9 months of period.

These include BigBasket, Delhivery, Ola Electric, Druva Software, Icertis Software, gaming startup Dream11, healthcare startup CitiusTech, and logistics startup Rivigo.

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