Startups weather a stormy 2019 to raise $11.1 billion (and other top stories of the day)

2019 was punctuated by two successive quarters of declining GDP growth, equalling the longest slowdown in the past 23 years.

22nd Jan 2020
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When the going gets tough, the tough get going. If there is something common between the Sensex and the Indian startup ecosystem, it has to be the bullishness on the investment front despite facing several macro challenges. 

 

2019 was punctuated by two successive quarters of declining GDP growth, equalling the longest slowdown in the past 23 years.

 

But, startups in India withstood the storm.

 

According to YourStory Research, the research arm of YourStory Media, startup funding trends in 2019 showed healthy investor interest in Indian startups. Homegrown Indian startups raised $11.1 billion in 2019, a fall of just 2.4 percent when compared to the corresponding period in 2018 (data used is as of December 27, 2019). The total funding raised by the Indian startup ecosystem in the 2018 calendar year was $11.38 billion.


Our research also reveals the diversity of sectors that raised maximum funds, the sunrise sectors, new startup hubs, and challenges plaguing the ecosystem. It also throws light on startups that have attained ‘unicorn’ status and those waiting in the wings as ‘soonicorns’.

 

Read our detailed funding report of the Indian startup ecosystem, here.


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