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$146 Bn+ Raised In 10 Years — The outlook for funding winter-hit Indian startups isn’t that grim after all
Inc42
·
1y ago
Medial
The Indian startup ecosystem has witnessed significant growth and maturity over the years. Since 2014, around 9,995 Indian startups have raised over $146 billion in funding. Despite facing challenges, such as the economic slowdown and the impact of the COVID-19 pandemic, the ecosystem has remained resilient. The government's support through initiatives like the Startup India program and policies like easing of FDI norms have played a crucial role in fostering innovation and attracting investors. Experts believe that the ecosystem will continue to evolve, leading to stronger fundamentals and the emergence of high-quality startups.
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Related News
From Stable Money To Incuspaze – Indian Startups Raised $43 Mn This Week
Inc42
·
1y ago
Medial
Indian startups experienced a significant decline in fundraising activity, with only $43.1 million raised through 12 deals between July 22 and 27. This marks a 365% decrease from the previous week's $200 million raised across 25 deals. Funding trends hit an all-time low during this period. FAAD Capital emerged as the most active investor, providing over $121,000 to four agritech startups.
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$27 bn investment received by US AI startups in April-June: Report
Inshorts
·
1y ago
Medial
US-based AI startups received a $27.1 billion investment between April and June, the NYT reported citing data from PitchBook. In total, US startups raised $56 billion during the period, up 57% from a year earlier and the highest three-month investment in two years. CoreWeave, Scale AI and Elon Musk's xAI were among the startups that raised money.
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Hyundai India MD Predicts "Strong" EV Market Growth Until 2030
Inc42
·
9m ago
Medial
- EV growth in India expected to increase due to increased focus from companies and government support - Indian EV ecosystem still at early stage of electrification - Indian EV startups received 32 deals last year, thanks to government subsidies and increased investments - Ongoing funding winter did not deter Indian EV startups from securing investment deals - The MD of Hyundai Motor India projects a positive outlook for EV growth in the country.
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Bangalore startups hit hardest by funding winter
Money Control
·
2y ago
Medial
The funding winter has hit startups in Bangalore, India, particularly hard, according to Moneycontrol. Startups in the region are facing challenges in securing investments, impacting their growth and expansion plans. H1 2023 saw only three deals above US$100 million in Bangalore startups, totaling US$374 million compared to 21 deals totalling US$5.3 billion in the year-before period. Read the article on the source link below to know more-
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Weekly funding plummets over 80% to $30 million
Economic Times
·
1y ago
Medial
The funding climate for Indian technology startups took a hit, with funding dropping to $29.7 million across 6 funding rounds in the week of November 13 to 17. This marks a significant decline from the $189 million raised across 34 rounds during the same week in 2022. The average deal value also decreased to $4.95 million from $5.6 million in 2022. The funding winter, which began in September 2022, is expected to slow down deal-making activity until early January.
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Indian startups raised more than $11 Bn in 2023: Report
Entrackr
·
1y ago
Medial
Indian startups raised over $11 billion in funding in 2023, with 181 growth stage deals raising $8.8 billion and 656 early stage startups raising $2.5 billion. Despite a funding crunch, two startups achieved unicorn status, and more than 980 startups raised venture capital throughout the year. However, the number of deals and the total funding amount decreased compared to previous years. The report also highlights trends such as layoffs, shutdowns, and exits, and the dominance of Bengaluru in terms of funding.
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Indian startups attract $4 Bn in funding during September quarter
Entrackr
·
10m ago
Medial
Indian startups have shown impressive resilience in the third quarter of 2024, raising over $4 billion. This funding amount is nearly on par with the previous quarter and exceeds the total from the first quarter of the year. The landscape featured several significant deals, including multiple transactions over $300 million and $200 million, along with pre-IPO rounds and secondary market activity. This robust support, especially from early-stage startups, highlights a strong recovery and continued investor confidence, making it one of the most successful quarters during the ongoing funding winter. According to data compiled by TheKredible, Indian startups raised approximately $4.08 billion in funding during the third quarter of 2024. This amount included 85 growth and late-stage deals totaling $3.3 billion, along with 207 early-stage deals worth $754.26 million. Additionally, there were 58 undisclosed deals during this period. Notably, three new unicorns emerged in Q3: Ather, Rapido, and Moneyview. In total, six startups joined the unicorn club in 2024, all based in Bengaluru. In contrast, only two startups reached unicorn status in 2023, while 26 and 44 unicorns were born in 2022 and 2021, respectively. [Y-o-Y and M-o-M trend] In Q3 2024, Indian startups secured 352 deals totaling $4.08 billion, a slight decrease from the $4.27 billion raised across 363 deals in the previous quarter. Over the last seven quarters, Q3 2024 stands out as the second most funded period. Additionally, on a monthly basis, September achieved the second-highest funding with $1.63 billion, trailing behind the peak of $1.92 billion recorded in June. As of now, Indian startups have raised $11 billion in the first nine months of 2024, matching the total amount raised throughout 2023. [Top 10 growth stage deals in Q3] This growth can be largely attributed to Zepto’s remarkable $340 million funding round, closely followed by DMI Finance, which raised $334 million. Other significant contributors included PhysicsWallah, Rapido, Oyo, and Whatfix, each securing substantial funding. Notably, all top 10 growth-stage startups on the list have raised over $100 million each, including Purplle, Drip Capital, M2P Fintech, and InMobi. [Top 10 early-stage deals in Q3] Renewable energy services company BluePine led the early-stage startups with $28.8 million in funding. Following closely were AI firm Nutrix AI, EV companies Kinetic Green and Simple Energy, healthcare startup Even, fintech startup Centricity, and gen-z focused fast fashion D2C brand Newme, all of which made it into the top five. The complete list is available through TheKredible. [Mergers and Acquisitions] Merger and acquisition activity has surged to new heights. According to data compiled by TheKredible, Q3 saw 54 M&A deals, nearly matching the combined total of 55 deals in Q1 and Q2. The top acquisition in Q3 was OYO’s purchase of G6 Hospitality for $525 million, followed by Zomato’s acquisition of Paytm’s movies and ticketing business for $244 million. OYO also acquired Checkmyguest for $27.4 million. Other notable M&A activities included Nazara acquiring Pokerbaazi and Kiddopia, Redcliffe Labs acquiring Celara Diagnostics, HomeLane taking over Design Cafe, and Radio Mirchi’s parent company ENIL acquiring Gaana. [City and segment-wise deals] Bengaluru once again led the pack, with 122 startups from the city raising over $1.38 billion in funding during Q3, representing 34% of the total funding. Following closely, Delhi-NCR-based startups completed 91 deals amounting to $1.3 billion, accounting for nearly 32% of the total funding, putting them not far behind Bengaluru. Mumbai, Hyderabad, Chennai, and Pune were next on the list. Notably, Mumbai-based startups contributed to more than 21% of the total funding in the last quarter. Segment-wise, fintech was at the top with 61 startups raising over $1.15 billion. E-commerce, healthtech, SaaS, and AI startups were next on the list. Amount-wise, automotive tech startups raised more money than SaaS and healthtech. Agritech, foodtech, edtech, and proptech saw their downfall during the first half of 2024. Edtech secured $233 million in funding during the period, with PhysicsWallah alone raising $210 million. Agritech was one of the least funded segments, contributing just 1.39% to the total fundraising, while the electric vehicle (EV) sector accounted for nearly 5% of the total. [Stage-wise deals] In Q3 2024, seed and pre-seed stage startups completed 138 deals totaling over $168 million. Series A and pre-Series A rounds recorded 73 and 37 deals, respectively. Additionally, there were 23 debt funding rounds worth $314 million, contributing 7.72% to the overall total. For more details, check TheKredible. [Layoffs, shutdowns and departures] Layoffs continued to impact the ecosystem in Q3, with 10 companies letting go of more than 1,200 employees. However, this figure is significantly lower than the over 2,200 employees dismissed in Q2. Overall, approximately 4,500 employees received pink slips in the first nine months of 2024. In comparison, this year’s layoffs are notably better than the 24,000 layoffs recorded in 2023 and the 20,000 in 2022. Recent market conditions have led to an increase in business closures. In Q3, eight startups announced their shutdowns, including Koo, Wynk Music, and Greenikk. This figure surpasses the six shutdowns recorded in Q1 and Q2 combined. Meanwhile, the startup ecosystem experienced notable departures of top executives in Q3. According to data, 16 top-level executives, including CEOs, CBOs, CFOs, co-founders, managing directors, and presidents, have resigned. During the period, there were 77 key hirings. The full list can be accessed here. [Trends in Q3 2024] Agritech: Agritech continues to be one of the least funded segments in 2024, with over 30 startups raising only $150 million by September. This trend reflects ongoing challenges, as last year saw just $178 million in agritech funding, a significant drop from $772 million in 2022 and $636 million in 2021. Wealthtech: Wealthtech is witnessing rapid growth, with venture capitalists making significant investments over the past 12 months. According to data intelligence platform TheKredible, Indian wealthtech startups raised over $100 million across five deals in Q3. IPOs from Bengaluru: Following a wave of startup IPOs from Delhi NCR and Mumbai, Bengaluru is making strides in 2024. Ola Electric and Digit Insurance have already been listed, while Ather and Swiggy have submitted their Draft Red Herring Prospectus (DRHP). Additionally, co-working space startup IndiQube is also planning to launch its IPO soon. BharatPe settles with Ashneer Grover: Fintech company BharatPe has resolved its long-standing dispute with former co-founder and managing director Ashneer Grover. This settlement represents a significant development, particularly given the serious nature of the complaints filed by BharatPe against Grover. Titan Capital launches Indicorns: Titan Capital has introduced Indicorns, a new index that showcases profitable startups generating over Rs 100 crore in revenue. This initiative highlights the growing trend of self-sustaining businesses in India, illustrating that startups can achieve profitability without heavily depending on external funding.
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Startup funding in India hits a 7-year low of $10 Bn in 2023
Inc42
·
1y ago
Medial
According to the "Indian Tech Startup Funding Report 2023" by Inc42, Indian startups raised over $10 billion in funding in 2023, marking a 60% decrease compared to 2022. This is the lowest level of funding in seven years. The number of deals also declined by 40.8% compared to the previous year. The report highlights that five startups alone accounted for more than $2.8 billion of the total funding. The median ticket size dropped to $2.2 million from $4 million in 2019, and funding for women-led startups declined by 80%. Seed stage funding faced the most significant decline at 72% year-on-year. E-commerce and fintech sectors emerged as the top sectors in terms of deals and funding amounts.
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India with 3,600 deeptech startups ranks 6th globally: Nasscom
Inshorts
·
1y ago
Medial
India, with more than 3,600 deeptech startups, ranked 6th among the top nine deeptech ecosystems in the world (excluding China) in 2023, a Nasscom report said. Of the 3,600 startups, 480 were founded last year. The Indian deeptech startups cumulatively raised $10 billion in the last five years, of which $850 million was raised in 2023 itself.
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30 Startups To Watch: Startups That Caught Our Eyes In July 2024
Inc42
·
1y ago
Medial
In July, only eight startups raised over $1 million in funding, indicating a decrease in the dependence on external capital. Six startups in the cohort were able to bootstrap, while 16 early stage startups raised less than $1 million. This news comes as a boost for the Indian startup ecosystem, with the recent positive developments such as the removal of angel tax and the thawing of the funding winter.
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