2019 is the year of Indian Startups. With 2 months still to go, Indian Startups have raised a whopping $11.3 Billion which will help in creating more jobs and is a positive step towards improving the economy.
Crux of the Matter
In 2019, institutional investors have taken a shine to the Indian Market with Tech Startups raking in 11.3 billion dollars in funding.
This is a big leap from the 3 years ago when in 2016 the amount raised was just $4.3B.
Notwithstanding the economic slowdown, on a year-on-year basis this amount is also more than the $10.3B raised in 2018.
Investors’ growing appetite for equity in Indian startups shows that the local ecosystem is maturing, said Dev Khare, a partner at VC fund Lightspeed Venture Partners.
Curiopedia
The Indian startup ecosystem originated with software services startups serving Indian software needs, and later expanding to exporting software services. The next generation of Indian product startups had founders who had worked in these services startups, or were moving back from the Silicon Valley, having worked in product startups in the US. Venture capital investments were kicked off by TDICI, a government entity, followed by other investors from Silicon Valley. The third wave of startups were founded in the dot-com era, included marketplaces, e-commerce vendors, and portals. The fourth wave started around 2007-2008, and comprised e-commerce, logistics, marketplaces, and advertising startups. Read More
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