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January 2016 sees 101.7% jump in deal numbers compared to same period last year

Emmanuel Amberber
2nd Feb 2016
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The consumer internet space in India has been flushed with cash since late-2014. The hyper-funding trend has spilled over to the first month of 2016 and 113 startups have raised over $493.2 million funding. If you compare the amount of funding raised this January with that raised in the same period in 2015, there is a growth of 16.2 percent.


2016_January_Startup_Funding_YourStory


2016_January_Startup_Number_of-Deals_YourStory

 

Jan '15 | Number of Deals = 56 | Deal value = $424.4 Million

In January 2015, there were 56 deals and startups raised $424.4 million; of this 14 startups did not disclose the amount raised. Delhi-NCR, Bengaluru, Mumbai, Hyderabad and Chennai were the top cities that attracted the most investment. One startup each in Jaipur, Kochi, Vizag and Pune raised funding in the first month of last year.

Jan '16 | Number of Deals = 113 | Deal value = $493.2 Million

In January 2016, the number of deals have increased by 50%. In the first month of this year, 113 deals were announced and the invested amount stood at $493.2 million. 41 startups have not disclosed the amount they’ve raised. Delhi-NCR, Bengaluru, Mumbai and Hyderabad were the cities that received the most funding. The other cites that attracted funding were Ahmadabad and Pune—these cities saw two deals each—and Chennai, which had one deal.


January_top_startup_hubs_YourStory

ShopClues seems to prefer January, at least in the area of fund-raising. It was in January 2015 that they announced a $100 million funding round; they did a repeat this January 2016. This year they also entered the billion-dollar-valuation Unicorn club.

Top investments in January 2015

Startup InvestorsRound City Amount raised ($)
ShopCluesTiger GlobalSeries DNCR       100,000,000
AntuitGoldman Sachs, Zodius CapitalSeries ABangalore         56,000,000
BigBasketBessemer Venture PartnersSeries CBangalore         50,000,000
CarDekhoHillhouse Capital, Tybourne CapitalSeries BJaipur         50,000,000
RateGainTA AssociatesSeries ANCR         50,000,000
CaratlaneTiger GlobalSeries DChennai         31,000,000
SimplilearnMayfield India, Kalaari Capital & Helion VenturesSeries CBangalore         15,000,000
YepMeJS Capital, Helion Venture Partners & Capricorn Investment GroupSeries ANCR         13,000,000
HopscotchEduardo Saverin&Velos CapitalSeries BMumbai         11,000,000
FameTO THE NEW VenturesSeries AMumbai         10,000,000

 

Top investments in January 2016

 

Startup InvestorRound City Amount raised ($)
CarTradeTemasek Holdings, March Capital &Warburg PincusSeries DMumbai       145,000,000
ShopcluesGIC, Tiger Global Management &Nexus Venture PartnersSeries ENCR-Delhi       100,000,000
SwiggyHarmony Partners, RB Investments & existing investorsSeries CBangalore         35,000,000
QuboleInstitutional Venture Partners, Norwest Venture Partners & Lightspeed VentureSeries CBangalore         30,000,000
EPSAPIS PartnersSeries DMumbai         25,000,000
Power2SMENandanNilekani, Accel Partners, Kalaari Capital & Inventus CapitalSeries DGurgaon         21,000,000
Just Buy LiveAlpha CapitalSeries AMumbai     20,000,000
FreshMenuZodius Capital, LightSpeed VenturesSeries BBangalore         16,500,000
Housing.comSoftBank CorpSeries DMumbai15,000,000
SnapBizzJungle Ventures, Taurus Value Creation, Konly Venture, Blume VenturesSeries ABangalore           7,200,000

 

Notable early-stage deals in January 2015

Startup InvestorCity Amount raised ($)
AasaanjobsInventus Capital Partners, IDG VenturesMumbai          1,500,000
Mad Street DenExfinity Fund, GrowX Ventures.Chennai          1,500,000
Thrill AppPeople Group (Shaadi.com)NCR-Delhi          1,000,000
TookitakiJungle Ventures, Redbright Partners, Blume VenturesBangalore          1,000,000
GrapheneKARSEMVEN FundBangalore              825,000
WishberryRajanAnandan, Shankar Mahadevan, Deep Kalra& OthersMumbai              650,000
FranklyMatrix PartnersNCR-Delhi              600,000
BelitaIndia Quotient, LetsVenture investors, Lead AngelsMumbai              400,000
RefiralCogent E ServicesNCR-Delhi              330,000
MyDreamStoreUndisclosed InvestorsHyderabad              325,000
VioletStreetVenkatVallabhneni, Sudhakar Reddy, Srinivasa Rao PaturiHyderabad              315,000
Corporate360Group of Angel InvestorsKochi              200,000
HealthyWorldGroup of Angel InvestorsMumbai              200,000
eKincareBitChemy VenturesHyderabad              161,000
CouponMachineUK based AngelVizag              140,000

 

Notable Early stage deals in January 2016

Startup InvestorCity Amount raised ($)
EasypolicyUnilazer VenturesNCR-Delhi          2,200,000
DailyObjectsUnilazer Ventures,  PhanindraSama&Peyush BansalNCR-Delhi          1,400,000
SavvyMobTV Mohandas Pai, LetsVentureBangalore          1,000,000
ApplicateUndisclosed HNI investorsBangalore          1,000,000
Zebi Undisclosed investorsHyderabad          1,000,000
SensaraLaliteshKatragadda, Ganayantrika SystemsBangalore              750,000
JustdakhilaAnkur GuptaNCR-Delhi              750,000
OrahiIndian Angel NetworkNCR-Delhi              520,000
SilvanThe Chennai AngelsBangalore              515,000
FisdomRob ChandraBangalore              500,000
CollegeDuniaUmang KumarNCR-Delhi              445,000
TruceAnupam Mittal, Amit Gupta, UtsavSomani, Neera jGoenka & Farooq Adam MukadamMumbai              370,000
ConfirmTKTKrishna Jhujhunwala, Dr. ApoorvRanjan Sharma, Anirudh Damani, Anand Ladsariya & Sanjay MehtaBangalore              250,000
Happy2ReferEquity Crest, Vinners & SparknextMumbai              250,000
RoderUnicorn India VenturesNCR-Delhi              240,000

This January witnessed five foodtech fund-raises, whereas last year in the same period that number was zero. The foodtech companies that raised funding in January 2016: Smartcooky, WIMWI Foods, Lumiere, Bucker, TinMen, Swiggy and FreshMenu.

The online auto sector has seen a bit of activity. There were four investments—PitStop, CarTrade, Silvan and Meladath Auto. 21 mobile-focused startups and 19 e-commerce firms also raised funding.

There were seven investments in education and professional training--Career360, MyCity4Kids, CollegeDunia, Qriyo, MyChild App, Myly and Gyaanzone.

There were eight investments in healthcare and wellness sector—Obino, Remidio, Saral Designs, Gajty,  PlexusMD, Care24, JustDoc and PlanMyMedicalTrip.

When it comes to funding announcement, January has been a special month. Prime Minster Narendra Modi announced a $1.5 billion fund of funds in the high profile Startup India event. This is the first time Indian policy makers have tried to directly help Indian startups at this scale. The effects of this move remains to be seen.

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