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Only 64 funds worth $5.6 Bn+ launched in the year of extended funding winter

Inc42 · 1y ago

Only 64 funds worth $5.6 Bn+ launched in the year of extended funding winter

According to the article, the Indian startup ecosystem faced funding challenges in 2023, with a decrease in total funding compared to previous years. Only 64 funds, amounting to $5.6 billion, were launched during the year. Early-stage and early-growth funds were the most common, with 31 funds launched. Late-stage funds faced pressure, with only 16 launches. Sector-focused funds, particularly in SaaS-enterprise tech and fintech, gained prominence. The article also mentions the departure of high-profile startup executives to establish new ventures and the uncertainty of VC fund launches in 2024.

Related News

Funds Worth $3.8 Bn+ Announced For Startups In 2023; Here’s The Full List

Inc42 · 1y ago

Funds Worth $3.8 Bn+ Announced For Startups In 2023; Here’s The Full List

Amid an ongoing funding winter, India's startup ecosystem witnessed funds worth $3.8 Bn+ being launched or closed so far. Read the source article for a comprehensive list of resources-

Six startups crossed $1 billion valuation mark in 2024

Inshorts · 7m ago

Six startups crossed $1 billion valuation mark in 2024

After a brief lull in 2023, the Indian startup ecosystem regained its momentum and churned out unicorns in healthy numbers in 2024. While just two startups achieved the coveted status last year on account of the extended funding winter, as many as six new-age tech companies entered the billion-dollar valuation club in 2024.

Bajaj Housing Finance IPO draws bids worth $39 bn

VCCircle

VCCircle · 10m ago

Bajaj Housing Finance IPO draws bids worth $39 bn

Bajaj Housing Finance recently had a highly successful IPO, with bids worth around $38.60 billion, or 64 times the shares on offer. This made it the most sought-after major public listing of the year in the Indian IPO market. The strong interest in the IPO is attributed to the lender's prospects in the booming home loan market and the reputation of the Bajaj group. Bajaj Housing Finance is set to become India's largest listed home loan financier after its $782 million IPO.

Funding winter becomes harsher: VC funding in Indian start-ups drops by 74.6%

Business Today

Business Today · 2y ago

Funding winter becomes harsher: VC funding in Indian start-ups drops by 74.6%

The funding winter in India appears to be turning harsh, going by the latest report of data and analytics company GlobalData. It revealed that 459 venture capital (VC) deals worth $3.4 billion were closed between January and May 2023. This is dismally low compared with the 851 deals worth $13.3 billion closed in the year-ago period.

Video market in India ranks 3rd largest in Apac, growing fastest to reach $17 bn by 2028

Money Control

Money Control · 1y ago

Video market in India ranks 3rd largest in Apac, growing fastest to reach $17 bn by 2028

According to an analysis by Media Partners Asia Research (MPA), the video market in India is valued at $13 billion, making it the third-largest in the Asia Pacific region. The report predicts that the Indian video market will continue to grow at a rate of 5.6% and reach a valuation of $17 billion by 2028. China remains the largest video market in the region, generating $64 billion in revenue, followed by Japan at $32 billion. The total Asia Pacific video industry revenue is expected to reach $165 billion by 2028.

Startup funding remained below $500 Mn in August despite one unicorn

Entrackr

Entrackr · 1y ago

Startup funding remained below $500 Mn in August despite one unicorn

In August 2023, Indian startups raised $464 million in funding across 64 deals, including six growth and late-stage deals worth $351 million and 58 early-stage deals worth $112 million. This marks a slight increase compared to the $461 million raised in July. Notably, Zepto raised $200 million in its Series E round, becoming India's first unicorn of the year. However, the overall funding trend has been on the decline since June when funding dropped from $1 billion to $631 million. This year, August funding decreased significantly compared to the same month in 2022, from $1 billion to $464 million.

Weekly funding plummets over 80% to $30 million

Economic Times

Economic Times · 1y ago

Weekly funding plummets over 80% to $30 million

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.

Startup funding rises 23% on year to $326 million this week

Economic Times

Economic Times · 1y ago

Startup funding rises 23% on year to $326 million this week

In the first week of June, technology startups secured a total funding of $326.1 million, marking a 22.6% increase compared to the same period last year. The majority of this funding came from a $200-million investment in eyewear retailer Lenskart. Overall, startups raised funds from 16 rounds, mainly in the later stages of development. This marks a significant improvement from last year when funding was scarce due to a funding winter that started in September 2022.

AdvantageClub backer Sprout Venture Partners marks first close of second fund at $10 Mn

Inc42 · 1y ago

AdvantageClub backer Sprout Venture Partners marks first close of second fund at $10 Mn

Early stage venture capital firm Sprout Venture Partners has achieved the first close of its second fund, raising close to $10 million. The firm aims to raise an additional $5 million by mid-next year. The fund will be invested in 12 to 15 startups, with an average investment size of $500,000. Sprout's first fund has already made some exits and is on track to deliver strong returns. This announcement comes in a time when several new funds have been launched in India, despite the ongoing funding winter.

UPI transactions near 17 Bn in January

Entrackr

Entrackr · 5m ago

UPI transactions near 17 Bn in January

UPI transactions near 17 Bn in January The Unified Payments Interface (UPI) recorded 16.99 billion transactions worth Rs 23.48 lakh crore in January, reflecting a 39% year-on-year growth in transaction volume and a 28% increase in transaction value. On a monthly basis, UPI saw a 1.55% growth in volume and nearly a 1% rise in value, compared to 16.73 billion transactions worth Rs 23.25 lakh crore in December. According to data released by the National Payments Corporation of India (NPCI), the average daily transaction count stood at 548 million. PhonePe currently leads the UPI market with a 47.7% share of transaction volume, followed by Google Pay at 36.7% and Paytm at 6.87%. This market share distribution is unlikely to change soon, as NPCI has extended the compliance timeline for Third-Party App Providers (TPAPs) exceeding the UPI volume cap. The new deadline has been extended by two years, until December 31, 2026. Meanwhile, NPCI has lifted the user onboarding limit for WhatsApp Pay, allowing the platform to offer UPI services to its entire user base across India. Recently, NPCI Chief Dilip Asbe disclosed that approximately 450 million users are currently utilizing UPI, with around 200 million daily active users. He emphasized the need for substantial support from the Reserve Bank of India (RBI), the government, and the broader financial ecosystem to explore strategies for onboarding an additional 200-300 million users onto the UPI platform.

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