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A Monthly Review Of Indian Startup Funding In 2016

indian startup funding 2016

A country equipped with more than 65% of its population as a working class is indeed a country with utmost opportunities for any startup. Icing on the cake is the initiatives and the importance given by the Government of India for rising startups. Providing all favorable conditions and minimum requirements, the BJP led NDA Government has given an altogether new platform for Indian youth by way of “Startup India, Standup India”

NASSCOM revealed that India has moved up to the third position and has emerged the fastest growing base of startups worldwide. India is one amongst the first five largest startup communities in the world with the number of startups crossing 4,200 a growth of 40 per cent, by the end of 2015.

Top Investors In The  Startup EcoSystem

Some of the top angel investors in the ecosystem are

1. Rajan Anandan

An MIT graduate and Stanford educated Mr. Anandan is at present the Managing Director of Google India. Over the past few years Rajan has emerged as one of the most active angel investors in the Indian startup ecosystem by parking his capital in more than 80 startups such as Druva, Insta Mojo, TravelKhana, Quench, Miss Malini and Burrp.

2. Sunil Kalra

He has been investing in startups since 2002.His first venture was in real estate sector and currently his portfolio of 50 startups is spread across technology, education, healthcare, logistics, mobile and e-commerce sectors. Indicating a “a fairly sector-agnostic approach,” Airwoot, Orange Scape, Crayon, Culture Alley, Wooplr, and My Shaadi.in have all been funded by him.

3. Anupam Gopal Mittal

He has a portfolio of more than 50 startups. He is known to back ideas that have a big market potential, and avoids those that do not indicate sustainability and scalability. Anupam has shown preference for sectors such as clean technology, consumer internet, mobile, healthcare and SaaS. He prefers not to interfere in the work of founders and has funded startups such as Makaan.com, Mauj Mobile, Ola Cabs, Fab Hotels, LetsVenture, Truebil, Ketto and Prop Tiger.

4. Sanjay Mehta

OYO Rooms, Pretty Secrets, Klip.in, Talview, Orange Scape, and Fab Alley are the prominent names in his impressive portfolio of more than 60 startups. Often Sanjay can be seen interacting with entrepreneurs through various platforms such as Indian Angel Network, Mumbai Angels, B2B 1K Ventures and Venture Nursery.

Also Read: The Indian Startup Space – A Look At Highlights And Hurdles Of 2016

Funding Report 2016- Monthly Analysis

Funding is the fuel that accelerates successful startup. Where a good funding can accessorize a startup in the right path, a bad funding can in turn backfire.

Let’s have a month by month analysis of funding for the year 2016:

December

Sectors Funded- E-Commerce, Technology, Logistics

Major Funded Startup-

  • Shadowfax (Gurgaon) – $10,000,000 by Eight Roads Ventures)
  • BYJU’S (Bangalore) – $15,000,000 by International Financial Corporation
  • NoBroker (Bangalore) – $ 7,400,000 by KTB Network, SAIF Partners, BEENEXT, Digital Garage
  • Pi Data Centers (Hyderabad) – $23,000,000 by Epsilon Venture Partners

November

Sectors Funded- E-Commerce, Technology, Logistics,Food & Beverage

Major Funded Startup

  • FreshDesk (Chennai) – $55,000,000 by Sequoia Capital India, Accel Partners
  • EasyPolicy (Noida) – $10,000,000 by Unilazer Ventures
  • Rivigo (Gurgaon) – $75,000,000 by Warburg Pincus
  • Square Yards (Gurgaon) – $12,000,000 by ADAG Reliance Private Equity

October

Sectors Funded- E-Commerce, Technology, Logistics,Consumer Internet, Finance

Major Funded Startup

  • Ather Energy(Bangalore) – $27,000,000 by Hero MotoCorp
  • Furlenco(Bangalore) -$30,000,000 by Lightbox Ventures, Axis Capital & Others
  • Rentalpha(Mumbai) – $16,000,000 by Bravia Capital
  • Yupp TV(Bangalore) – $50,000,000 by Emerald Media

September

Sectors Funded- E-Commerce, Technology, Logistics,Education

  • Byju’s (Bangalore) – $50,000,000 by Chan Zuckerberg Initiative, Times Internet Ltd, Sequoia Capital, Sofina, Lightspeed Ventures
  • Nykaa (Mumbai) – $12,300,000 by Sunil Munjal, Mariwala family
  • Swiggy (Bangalore) – $15,000,000 by Bessemer Venture Partners
  • Pepperfry (Mumbai) – $31,300,000 by Goldman Sachs Group, Zodius Technology Fund, Norwest Venture Partners, Bertelsmann India
  • Druva (Pune) – $51,000,000 by Sequoia India, EDBI, Blue Cloud Ventures, Hercules Capital

August

Sectors Funded- E-Commerce, Technology, Logistics

Major Funded Startup

  • Hike (New Delhi) – $175,000,000 by Tencent Holdings, Foxconn Technology Group, Tiger Global, SoftBank Group, Bharti Enterprises
  • OyoRooms (New Delhi) – $62,000,000 by SoftBank Group
  • Quikr (Mumbai) – $20,000,000 by Brand Capital
  • Puro Wellness (Mumbai) – $37,000,000 by Torrent Group

July

Sectors Funded- E-Commerce, Technology, Logistics

Major Funded Startup

  • BookMyShow (Mumbai) – $82,000,000 by Stripes Group, Network 18, Accel Partners, SAIF Partners
  • BlueStone (Mumbai) – $30,000,000 by IIFL and Accel Partners, Kalaari Capital, IvyCap Ventures, RB Investments
  • Zoom Car (Bangalore) – $25,000,000 by Ford Motor Company, Sequoia Capital, Reliance Ventures
  • Treebo Hotels (Bangalore) – $16,700,000 by Bertelsmann India Investments, SAIF Partners, Matrix Partners India.
  • Paytm (Bangalore) – $60,000,000 by MediaTek Inc.

June

Sectors Funded- E-Commerce, Technology, Logistics,Food Beverage

Major Funded Startup

  • HelpShift (Pune) – $23,000,000 by Microsoft Ventures, Salesforce Ventures
  • Voonik (Bangalore) – $20,000,000 by Sequoia Capital
  • LendingKart (Ahmedabad) – $32,000,000 by Bertelsmann India Investments, Mayfield India, Saama Capital, India Quotient
  • Meru Cabs (Mumbai) – $25,000,000 by Brand Capital

Related Read: Mergers And Acquisitions In 2016: A Report On Indian Startups By Xeler8

May

Sectors Funded- E-Commerce, Technology, Logistics

Major Funded Startup

  • Mobikwik (Gurgaon) – $50,000,000 by GMO Payment Gateway, MediaTek
  • Lenskart (New Delhi) – $60,000,000 by International Finance Corp, TPG Growth, Adveq Management, IDG Ventures, Ratan Tata, Kris Gopalakrishnan
  • Fractal Analytics (Mumbai) – $100,000,000 by Khazanah Nasional Berhad
  • Capital Float(Bangalore) – $25,000,000 by Creation Investments Capital Management, SAIF Partners, Sequoia Capital, Aspada Ventures

April

Sectors Funded- E-Commerce, Technology, Logistics,Healthcare

Major Funded Startup

  • Hungama (Mumbai) – $25,000,000 by Xiaomi Inc
  • Oyo (New Delhi) – $100,000,000 by Softbank, Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery
  • NestAway (Bangalore) – $30,000,000 by Tiger Global
  • Roposo (Gurgaon) – $15,000,000 by Bertelsmann India Investments

March

Sectors Funded- E-Commerce, Technology, Logistics,

Major Funded Startup-

  • BigBasket(Bangalore) – $150,000,000 by Abraaj Group
  • Byju’s (Bangalore) – $75,000,000 by Sequoia India, Sofina
  • TruckingCube (New Delhi) – $ 14,900,000 by Agarwal Movers Group

February

Sectors Funded- E-Commerce, Technology, Logistics,

Major Funded Startup

  • Snapdeal (New Delhi) – $200,000,000 by Ontario Teachers’ Pension Plan & Others
  • Hopscotch (Mumbai) – $13,000,000 by Eduardo Saverin
  • NoBroker (Bangalore) – $10,000,000 by Beenext, Digital Garage, Beenos, Qualgro, Mamoru Taniya, SAIF Partners

January

Sectors Funded- E-Commerce, Technology, Logistics,

Major Funded Startup-

  • MakeMyTrip (Gurgaon) – $180,000,000 by Ctrip.com International Ltd
  • Shopclues (Gurgaon) – $100,000,000 by GIC, Tiger Global Management, Nexus Venture Partners
  • CarTrade (Mumbai) – $ 145,000,000 by Temasek Holdings, March Capital, Warburg Pincus

From the looks of it, the startups receiving the major funding this year are-

  • BYJU’S
  • BOOKMYSHOW
  • SNAPDEAL
  • MAKEMYTRIP
  • HIKE
  • OYO
  • SHOPCLUES
  • CARTRADE
  • BIGBASKET
  • PAYTM

Forecast For  Funding In 2017

2016 witnessed a great deal of funding and the investments in startups increased by 27% from 2015. While the year ends on a blissful note, there are many expectations from 2017. One sector which expected to boom is the finance tech sector.The big Digital India push will take care of the IOT in India.Edu-tech sector is also expected to gain more funds.

A lot of entrepreneurs have experienced the fact that while it is pretty much easy to get hold of the angel funding, the coming rounds are the most difficult for the startup. While some startups have got hold of the further rounds, some are yet to experience that. 2017 will definitely test the patience of some startups.

Also Read: Top 10 Hacks of 2016: The Largest, The Deadliest And The Craziest !

Featured Image Source: rampartpr.com

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