Now that 2016 is behind us, the time to retrospect is ripe. For governments, establishments, and you. As you set up your 2017 plans in motion, here’s a snapshot of the hottest technology sectors of 2016, basis VC investment activity — analyzed by Tracxn, a startup that tracks and analyze startup activities.
India – the third largest startup ecosystem – saw a country-wide funding of $6.51B through 468 rounds throughout the year.
Online Retail and Online Travel are the hottest technology sectors of 2016 in India. With close to $1.14 Billion invested across the 52 rounds, these two stirred maximum VC participation in 2016.
While, Online Retail — is a sector where startups/companies enable the sale of goods directly to consumers through an online-first channel, Online Travel — is a sector where startups/companies serve as online platforms that enable users with inter-city travel planning, discovery, booking, and sharing travel activities and experiences; companies providing tech solutions for travel operators and agents.
Online Lending is third in the list of hottest tech sectors, followed by Ed-Tech and Logistics Tech
Life Sciences and Energy startups are excluded in the list as the Startups with funding rounds of only over $1M have been considered for the same.