🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Here’s the list of India’s 10 highest funded startups of 2023
Inc42
·
1y ago
Medial
India's startup ecosystem witnessed a 75% decline in funding in Q1 2023, continuing the prolonged funding winter. Only one unicorn was minted in 2023 compared to 21 in 2022 and 44 in 2021. Despite the challenges, some startups managed to secure significant funding deals. The top 10 highest-funded startups of 2023 include PhonePe ($850M), Lenskart ($600M), DMI Finance ($447M), Ola Electric ($384M), Builder.ai ($250M), InsuranceDekho ($210M), Perfios ($229M), Zepto ($200M), Zetwerk ($120M), and Mintifi ($110M). These investments will support various sectors such as fintech, e-commerce, and manufacturing in their growth plans.
View Source
Related News
How India’s top-funded startups curbed cash burn as VC funding slowed
VCCircle
·
1y ago
Medial
India's top-funded startups have managed to decrease their average monthly cash burn rate during the financial year that ended in March 2023. This reduction in operational losses comes as these startups faced a funding crunch. A study conducted by VCCircle analyzed the financials of the 50 highest-funded technology and tech-oriented startups in India. This indicates that these startups have been able to curb their spending and manage their finances more efficiently during this challenging period.
View Source
Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData
Livemint
·
1y ago
Medial
Indian startups have experienced a significant drop in funding, with a decrease of 65.8% in terms of value between January and November 2023. The startups raised $6.9 billion in VC funding this year, compared to $20.2 billion in the same period last year. Only two new unicorns have been created in India this year, compared to 24 in 2022. India now ranks fourth among the highest-funded tech startup geographies globally, with a total funding of less than $10 billion.
View Source
Funding in Karnataka, Gujarat, Tamil Nadu tech startups plummet in 2023: Report
Livemint
·
1y ago
Medial
According to the Tracxn Geo Annual Report, funding in tech startups of Karnataka, Gujarat, and Tamil Nadu witnessed significant declines in 2023. Karnataka's tech startup ecosystem saw a 72% drop in funding, Gujarat-based startups experienced a 66% plunge, and Tamil Nadu witnessed an 85% decrease in funding. Fintech, retail, and enterprise applications were the top-funded sectors in Karnataka, while Chennai was the highest-funded city in Tamil Nadu. Overall, there was a notable decrease in funding rounds and a challenging environment for startups in these regions.
View Source
From Scapia To Kiwi — Indian Startups Raised $61 Mn This Week
Inc42
·
1y ago
Medial
Indian startups raised $61 Mn across 10 funding deals, a 38% week-on-week markup. The highest funding deal of the week was by fintech startup Scapia, which raised $23 Mn from Elevation Capital and 3STATE Ventures. The fintech sector emerged as the most funded sector, raising a total of $36 Mn across two deals. Ecommerce saw the highest deal count with five deals sealing $15.5 Mn. In terms of acquisitions, Adobe acquired Bengaluru-based AI-powered video creation platform Rephrase.ai.
View Source
Funding into Karnataka-based tech startups plummets by 72%: Report
Livemint
·
1y ago
Medial
According to a report by Tracxn, funding in Karnataka's tech startups has dropped by 72% to $3.4 billion in 2023. This is a significant decline from the $12.2 billion raised in 2021 and the $20.4 billion raised in 2022. Late-stage investments saw a 74% decline, while early-stage funding dropped by 71%. Only two startups, PhonePe and Udaan, received the highest funding in 2023. The report also revealed that no new unicorns emerged and no companies went public from the startup ecosystem in Karnataka in 2023. Fintech, retail, and enterprise applications were the top-funded segments in this period. Bengaluru led in terms of city-wise funding.
View Source
India's tech startup funding at $4.1 billion in H1 2024; tops H2 2023, trails year-ago levels: Tracxn
Economic Times
·
1y ago
Medial
Indian tech startups raised $4.1 billion in H1 2024, a 4% increase from H2 2023, according to a report by Tracxn. Despite a 13% decrease compared to H1 2023, India remains the fourth-highest funded country in the tech startup landscape. The report highlighted trends such as an increase in seed-stage funding and the rise of 8 funding rounds exceeding $100 million. The number of unicorns and 'Soonicorns' (startups likely to become unicorns soon) also saw significant growth. Bengaluru, Delhi, and Mumbai were the top cities in terms of funds raised, and Accel, Blume Ventures, and Peak XV Partners were the top investors in H1 2024.
View Source
Indian fintech industry remains third-highest funded in H1 2023 despite 67 per cent drop
Business Today
·
2y ago
Medial
The Indian fintech industry remained the third-highest funded in the world in the first half of 2023, reveals a new report by market intelligence platform Tracxn. Notably, the country trails the US and UK, just as it did in the previous year.
View Source
Funding and acquisitions in Indian startups this week [18-23 Dec]
Entrackr
·
1y ago
Medial
This week, Indian startups raised a total funding of $957 million, with 33 startups securing investments. The funding included six growth-stage deals and 21 early-stage funding deals. The highest funding was raised by Flipkart with $600 million, followed by GreyOrange with $135 million and Kitchen@ with $65 million. In terms of city-wise funding, Delhi-NCR had the most deals, followed by Bengaluru and Mumbai. The week also saw some significant M&A activity, fund launches, and new product launches. December has become the most funded month of 2023, surpassing the previous record in March.
View Source
Indian space tech startups secured $126 million funding in 2023, up 7% from 2022: report
Economic Times
·
1y ago
Medial
India's space technology sector has seen a significant increase in funding, with $126 million raised in 2023, up from $118 million in the previous year. This marks a 235% increase from the $37.6 million raised in 2021. The sector has been driven by government support and innovation, attracting early-stage investments. However, late-stage funding and acquisitions have been notably absent. Skyroot Aerospace is the highest-funded startup, followed by Pixxel and Agnikul. Bengaluru is the leading city in terms of funding and number of space technology startups. India was awarded the World Space Award for its successful Chandrayaan 3 mission in 2023.
View Source
From Safe Security To STAN— Indian Startups Raised $104 Mn This Week
Inc42
·
27d ago
Medial
Between July 28 and August 2, Indian startups secured $103.7 million across 14 deals, marking a 23% decline from the previous week's $134.4 million raised by 22 startups. Enterprise tech maintained its position as the leading funded sector, with two startups garnering $73.4 million. Meanwhile, the AI sector witnessed the highest number of deals, with three startups, Metaforms, Drizz, and Vahan.ai, collectively raising $11.7 million, highlighting varied investment interests in the startup ecosystem.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
![Funding and acquisitions in Indian startups this week [18-23 Dec]](https://entrackr.com/storage/2023/12/Image-23-dec.jpg)
