‏إظهار الرسائل ذات التسميات India Startup Ecosystem. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات India Startup Ecosystem. إظهار كافة الرسائل

Investments in Indian Tech Start-ups Touched $14 Bn in 2019: Report

Investments in Indian tech-enabled start-ups grew 18 per cent to USD 14 billion (about Rs 99,400 crore) in 2019, with Delhi-NCR and Bengaluru accounting for a lion's share of the funds, a report by research and consulting firm HexGn said.

India has performed better both in the number of deals as well as funding in value terms with companies like Oyo, Paytm, Ola Electric, Udaan, Bounce and Delhivery raising large rounds, the report said.

"While the number of startup deals in India fell by only 15 per cent (down 27 per cent globally and in Asia), funding in value terms in startups rose by 18 per cent (compared to a 22 per cent decline globally and 56 per cent fall in Asia)," it added.

Globally, the total funding for technology start-ups is estimated to have dipped by 22 per cent to USD 293 billion from USD 375 billion in 2018, with a 27 per cent drop in deals, the report said.

In Asia, funding dropped by 56 per cent to USD 83 billion in 2019 from USD 158 billion in the previous year.

HexGn analysed over 60,000 deals and 1 million data points for the report.

Delhi-NCR attracted USD 7.4 billion in funding, while Bengaluru-based start-ups received USD 4.4 billion in 2019, it said.

E-commerce has customarily been the sector to attract the most funding in India and in 2019 too, it continued its strong march and attracted USD 2.2 billion in funding, the report added.

Transportation and logistics start-ups attracted funding of over USD 2.4 billion, while fintech companies raised over USD 4.1 billion, given the considerable potential of the sector and thrust towards transparency and digital payments from the Indian government, it noted. PTI SR

Delhi, NCR, Bengaluru Beat Global Bigwigs Now Rank in Top 10 Startup Cities Globally

HexGn released a study of the funding trends in the global Startup ecosystem in 2019; the team analyzed over 60,000 deals and one million data points for the report. Globally, the total funding for technology Startups this year dipped by 22 percent to $293 billion from $375 billion in 2018, with a 27 percent drop in deals.

India Grows while Global & Asian Funding Declines

 

 

Asia is bearing the brunt of global slowdown with Startup funding in Asia, dropping by a whopping 56% from $158 billion to $83 billion. Despite the turmoil, Investments in Indian Startups grew by 18% to $14 billion in 2019, defying the global Startup funding downturn. India has performed better both in the number of deals as well as funding in value terms. While the number of Startup deals in India fell by only 15% (down 27% globally and in Asia), Startup funding in value terms rose by 18% (down 22% globally and down 56% in Asia).

Delhi NCR & Bengaluru among “Global Top 10 Cities for Startup Funding” for 2020

Cities have always been central to the Startup ecosystem because of entrepreneurial culture, acceptance of failures, easy access to investors and people. It takes time and an amalgamation of enterprising people, tech-savviness, an investor with risk appetite, and in some cases government encouragement for such centers to emerge, India is doing well on this front too, for the first time, we have two Indian cities, New Delhi and Bengaluru, debuting in the HexGn “Global Top 10 cities for Startup funding”. This is no small feat, considering that quite a few global heavyweights didn’t make it, including Hong Kong, Berlin, Boston, Paris, and Shenzhen.

India also joins a select group of only three countries, with more than one city in the top ten along with the US and China. Bengaluru moved up one rank from 11th in 2018 to 10th in 2019. However, the biggest surprise has been New Delhi, which leapfrogged Bengaluru, to debut for the first time in the top 10 at the 6th place. The emergence of New Delhi as the new Startup capital of India has been steered by the likes of Paytm, Oyo, and Zomato, among others. New Delhi attracted $7.4 billion in Startup funding compared to $4.4 billion attracted by Bengaluru.

Indian Startups Attract Funding Across Sectors


While E-commerce has customarily been the sector to attract the most funding in India, this year, too, it has continued its strong march, attracting $2.2 billion in funding. Transportation and Logistics Startups, riding on the success of bike-sharing, mobility, and freight aggregators, have gathered pace in 2019, attracting funding of over $2.4 billion.

However, Fintech remained the leader garnering over $4.1 billion in funding, given the huge potential of the Sector and thrust towards transparency and digital payments from the Government of India.

The Indian Government’s push for digital payments and globally acknowledged initiatives like the UPI is probably the most significant game-changer in Fintech and a model system for other countries to follow. Many Global players, including Google, have been urging their home countries to adopt a system similar to the UPI payment system.

As per HexGn, this was one of the most significant initiatives launched by any government across the globe in digital payments. With new initiatives, like FASTag for digital highway toll collection, Emergence of UPI payment system, and a continued increase in Digital transactions, it means that Fintech will remain the Sector that will see the considerable interest in 2020 as well.

Although all seems spot-on, Indian Startups in emerging technologies like Artificial Intelligence, Blockchain, and Cybersecurity attracted minuscule investments both at the seed and Series A stage in 2019.

Top Ten Startup Cities for 2020


In the 2019 annual Startup report, HexGn announced the Top Ten Startup Cities for 2020. In the order of global ranking, they are, San Francisco Bay Area, New York, Beijing, London, Shanghai, Delhi NCR, Singapore, Los Angeles County, Hangzhou, and Bengaluru. These top ten cities from five countries, the United States, the United Kingdom, China, India, and Singapore, account for 58 percent of global funding, signifying its standing.

About HexGn

HexGn, through its global research, industry events, and online programs, equips individuals and businesses to tap into new opportunities, Start new ventures and Future Proof themselves.

~ Newsvoir

Facebook Launches Digital, Startup Training Hubs in India

Facebook on Wednesday introduced its digital training and startup training hubs in India aimed at helping small businesses and people grow by giving them the digital skills they need to compete in today's digital economy.

Facebook said it plans to train more than half a million people in the country by 2020 through these online training hubs, which are being rolled out first in India.

The learning curriculum which is personalised to the individual's needs and available in English and Hindi on mobile, the social network, which is used by 217 million people in India, announced.

"We believe the best way to prepare India for a digital economy is by equipping people with the tools, knowledge, and skills they need to succeed," said Ritesh Mehta, Head of Programmes, Facebook, India and South Asia.

To develop the learning curriculum, the social network worked with several organisations, including Digital Vidya, Entrepreneurship Development Institute of India (EDII), DharmaLife and the government's StartupIndia initiative.

The curriculum includes vital skills for digital skill seekers and tech entrepreneurs, including how to protect their ideas, how to hire, how to go about getting funding, what regulations and legal hurdles they need to consider, how to build an online reputation, and a host of other critical skills.

This could mean teaching a small business owner how to create an online presence; helping a non-profit reach new communities and potential donors; or it could mean helping a tech entrepreneur turn their product idea into a startup through practical business advice.

Facebook said its digital training hub would provide free social and content marketing training for anyone - from students to business owners - who is looking to develop their digital knowledge and skills.

According to new research by Morning Consult in partnership with Facebook, small businesses use of digital translates into new jobs and opportunities for communities across the country.

Since 2011 Facebook has invested more than $1 billion to support small businesses globally.

The "Boost Your Business" and "SheMeansBusiness" initiatives have trained more than 60,000 small businesses, including 12,000 women entrepreneurs, in India, Facebook said.

10 Startups News That Made Headlines This Week

Missed your daily updates on startup world? Not to worry. We at IndianWeb2 brings for our readers a weekly roundup. From Snapdeal raising funds to FreeCharge in talks with BoB and Times Internet for its acquisition, we brings to you all the important happening of the ecosystem.

Here are are Seven news that made headline this week:

Snapdeal Bags Rs.113 Cr In An Emergency Funding Round



Despite all the troubles and bleeding loses, homegrown e-commerce major has managed to bagged Rs 113 Cr from the existing investor Nexus Venture Partners and the company’s founders Kunal Bahl and Rohit Bansal, in lieu of its 2015 acquisition of Unicommerce eSolutions.

This emergency round of funding round comes as a surprise as Snapdeal has been in talks with to get acquired by its rival Flipkart.

According to RoC (Registrar of Documents) filled by Sanpdeal, and accessed by corporate research and mentoring platform Tofler, Nexus Venture Partners was issued 14,810 preference shares, valued at Rs 96.26 crore while the founders — Bahl and Bansal, were each allotted 1,300 Series J1 preference shares, which have a cumulative value of Rs 16.90 crore (Rs 8.45 crore each) making a total of Rs 113 crores.Now we have to see how this latest funding round will help the company. Will it affect the company’s talks with Flipkart for

Now we have to see how this latest funding round will help the company. Will it affect the company’s talks with Flipkart for a plausible sellout or not? Only time will tell this.

DIPP To Pump In Rs 1600 Cr Fund of Funds for Startups Underway



Department of Industrial, Policy and Promotion (DIPP) has sought Rs 1,600 crore from the finance ministry in the supplementary demand for grants for the Fund-of-Funds (FFS) for startups in the current financial year.

Notably, around Rs 500 crore fund of funds is a backlog and now DIPP has sought an additional Rs 1,100 crore for the fund-of-funds making it a total of Rs. 1600 crore.

Earlier in June 2016, the Union Cabinet has approved setting up of Fund of Funds for Startups (FFS) under Small Industries Development Bank of India (SIDBI) for extending support to Startups.

E-wallet FreeCharge Is In Talks With BOB, Times Internet

For An All Cash Acquisition



Jasper Infotech’s e-wallet FreeCharge is in talks with Bank of Baroda (BOB) and Times Internet for an all-cash acquisition. The deal size is expected to be in the range of $60 – $75 million. This deal will allow BOB to expand its mobile wallet service, M-Clip which was launched last year and also to get access to millions of young customers FreeCharge has on its platform.

Whereas with this deal Times Internet looks to add the wallet service to its online ventures like as Indiatimes Shopping and Gaana to name few.

India Ranked 3rd Among Countries With Most Unicorns



As per a report by CB Insights, there are 197 companies in the world that can be currently identified as “unicorns”. Of these 197, 22 new unicorns were added this year (till May 26, 2017) alone indicating a good time for the global startup industry.

Further, the report highlighted that India with 4 percent of the world’s unicorns based out of its land, is ranked 3rd in countries with most unicorns.

The unicorns, which are collectively valued at a jaw-dropping $679 billion and have raised a whopping $142 billion in funding, belong to 13 verticals, which includes- e-commerce/marketplace, internet software & services, fintech, social, cybersecurity, on-demand, big data, healthcare to name few.

11 Year Old VC Firm, Helion Ventures Reaches Its Dead End



Helion Ventures, one of India’s oldest venture capital firms has reached its dead end. The firm had invested in startups like MakeMyTrip, Big Basket, Shopclues in their early stages.Founded in 2006 by Rahul Chandra, Ashish Gupta, Kanwaljit Singh and Sanjeev Aggarwal, Helion was left with only one co-founder, Rahul Chandra, when in 2016 the other three co-founders made exit from the VC firm.

Now in the latest development, Rahul Chandra is launching a $100 million early-stage fund — Unitary Helion . The fund will invest in sectors like fintech and digital marketplaces and with this move, it’s officially the end of Helion, an 11-year-old VC firm.

Flipkart’s COO Nitin Seth Step Down



Flipkart’s one of the top ranking executives, Nitin Seth has put in his papers. Serving as Flipkart chief operating officer, Seth was in charge of logistics unit Ekart besides corporate functions like strategy and human resources (HR).

Nitin’s exit will put CEO Kalyan Krishnamurthy in charge of all the key functions of the organisation which will further tighten the grip the former Tiger Global Management Executive. Prior joining Flipkart, Nitin worked as the MD and country head for Fidelity International. Before that he led McKinsey’s global knowledge center in India for 8 years.

IndiQus Technologies Acquires Dartboard Analytics



Indiqus Technologies has acquired Delhi-based Dartboard Analytics, an analytics company providing data-driven insights into customer operations to grow customer revenue. In an all-stock deal, the Dartboard founders will join the IndiQus leadership team.

Dartboard is IndiQus’ second acquisition in the last two years. In April 2016, IndiQus had acquired shopping assistance startup Amicus to add intelligence to their Infrastructure-as-a-Service (IaaS) catalog for enterprises and cloud service providers. With Dartboard’s acquisition, IndiQus enhances its product portfolio with the much-in-demand analytics solution for cloud platforms.

Milind Shah Joins Unitus Seed Fund as Healthcare Venture Partner



Former MD of Medtronic, Milind Shah has Joined Unitus Seed Fund as a Healthcare Venture Partner. Shah brings to Unitus Seed Fund over three decades of leadership experience in sales, marketing, and corporate planning positions across varied businesses, including healthcare and speciality chemicals with global industry majors like Medtronic, Henkel, 3M and Shell.

Shah joins Fund with a mandate of furthering healthcare innovation for India’s billion-plus population by investing in 8-10 innovative and scalable healthcare businesses. In line with this aim, Unitus Seed Fund has earmarked INR 100 crore to invest in healthcare and also has launched the AmpHealth program, providing non-dilutive catalytic capital of up to Rs 1.75 crore ($250, 000) to fund immediate pre-commercialisation coupled with up to Rs 3.5 crore ( $500, 000) of seed capital.

Indian Tech Startups Receives Invite From S Korea for Global Competition



South Korea government is currently inviting tech startups from all around the world to take part in K-Startup Grand Challenge 2017. Backed by the Korean government, the K-Startup Grand Challenge 2017 will provide tech startups from any part of the world to lock in business agreements with Korean companies and giants. According to the website dedicated to the challenge, one of the key purposes of this event is to promote vigorous collaborations and exchange of ideas between domestic (Korean) and foreign startups.

According to the sources, 50 startups will walk away with a $12,000 prize for living expenses during their four-month stay in South Korea. Of these 50, the selected 25 will be given a grant of $27,000 each at the Demo Day.

These 20 Indian Startups Will Setup Business in London



20 Indian startups have been selected for assistance to set up their businesses in London as a part of the India Emerging Twenty (IE20) programme. The winners will now get an opportunity to go to London during London Tech Week scheduled to happen this month. The IE20 programme, which is being supported by global tax, accounting and advisory network BDO aspires to discover 20 of India’s most innovative and high-growth companies with global aspirations. Started in 2016, the programme nurtures startups across various sectors such as technology, media, telecom, life sciences, financial and business services sectors, in order to help them grow their international business presence through London.

IAMAI To Set up Mobile App Incubator in Kozhikode



According to a Kerala IT official, the Internet and Mobile Association of India (IAMAI) will set up their third incubator and the first one in the mobile app sector at the Cyber Park in Kozhikode. Opened on Monday, Cyber Park is spread over a 2.88 lakh square feet area. It is said that concerned authority has set aside 10,000 square feet space at the Cyber Park exclusively for the Mobile app incubator facility for the IAMAI.

President Speaks on India's Startup Ecosystem

Earlier in the day, we reported how 12 new Indian ventures have recently got Rs 85cr in funding courtesy the Pitch@Rahstrapati Bhavan startup event organised by the Presidential Residence on March 7, 2017.

The event saw Indian President Pranab Mukherjee taking the stage and talking about the current status of the Indian Startup Ecosystem. He talked about how despite of having a "large eco-system" for maiden ventures, opening a startup in the country is still a difficult task owing to issues related to funding etc.

"In India, we have a large eco-system of 4,500 start-ups - the third largest in the world. Even then, it is not easy to start a new venture in India. Access to funding and mentorship remains a hurdle," said Mukherjee speaking at the Pitch@Rahstrapati Bhavan event.

He also talked about what all steps need to be taken to mend the situation. He said, there is a need to provide a facilitative environment to the youth of the country so as to give wings to their imagination and take forward their new ideas. He also urged the investors to have an appetite for risk and nurture more and more innovative ideas.

He talked in detail about how investors in India often shy away from investing their money in innovation startups as they are not sure if they would get their money back or earn profits. Giving them advice, he said that investors must have an eye for identifying the good ideas from the ordinary ones.

He said, "But one must understand that even though nine out of ten ventures that an investor may fund, may fail; still, the one venture that will succeed, will make good the loss incurred on the rest. Such are the rules of the game."

Mukherjee also talked about how there is an urgent need for India to adopt a focused strategy to support new, curious and talented minds so that they can pursue their talents to give birth to innovation solutions to present-day challenges.

Talking about the importance of entrepreneurship in a country, President Mukherjee said, that how entrepreneurship coupled with the zeal to solve contemporary challenges, through innovative ideas and solutions, is one of the key pathways leading to socio-economic progress in any country.

President Speaks on India's Startup Ecosystem

Earlier in the day, we reported how 12 new Indian ventures have recently got Rs 85cr in funding courtesy the Pitch@Rahstrapati Bhavan startup event organised by the Presidential Residence on March 7, 2017.

The event saw Indian President Pranab Mukherjee taking the stage and talking about the current status of the Indian Startup Ecosystem. He talked about how despite of having a "large eco-system" for maiden ventures, opening a startup in the country is still a difficult task owing to issues related to funding etc.

"In India, we have a large eco-system of 4,500 start-ups - the third largest in the world. Even then, it is not easy to start a new venture in India. Access to funding and mentorship remains a hurdle," said Mukherjee speaking at the Pitch@Rahstrapati Bhavan event.

He also talked about what all steps need to be taken to mend the situation. He said, there is a need to provide a facilitative environment to the youth of the country so as to give wings to their imagination and take forward their new ideas. He also urged the investors to have an appetite for risk and nurture more and more innovative ideas.

He talked in detail about how investors in India often shy away from investing their money in innovation startups as they are not sure if they would get their money back or earn profits. Giving them advice, he said that investors must have an eye for identifying the good ideas from the ordinary ones.

He said, "But one must understand that even though nine out of ten ventures that an investor may fund, may fail; still, the one venture that will succeed, will make good the loss incurred on the rest. Such are the rules of the game."

Mukherjee also talked about how there is an urgent need for India to adopt a focused strategy to support new, curious and talented minds so that they can pursue their talents to give birth to innovation solutions to present-day challenges.

Talking about the importance of entrepreneurship in a country, President Mukherjee said, that how entrepreneurship coupled with the zeal to solve contemporary challenges, through innovative ideas and solutions, is one of the key pathways leading to socio-economic progress in any country.

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