Fintech startup funding up by 48% in Q1 2024; raising $429 million between January-March 15: Report
8 months, 3 weeks ago

Fintech startup funding up by 48% in Q1 2024; raising $429 million between January-March 15: Report

Live Mint  

Funding winter in India's tech startup ecosystem persisted between January- March 15 this year, with only $1.6 billion injected--a 51% decline, according to Tracxn report. The tech startups received $3.2 billion of funding in the same period last year. Only two tech startups received $100 million of funding in the past three months of the current calendar year-Perfios and Shadowfax. Delhi's tech startups received 96.8 million in funding in Q1 2024 while Gurugram's startups raised $97.7 million in the same duration.

Tech Startup Startups Funding Fintech 429 Million  48  fintech  funding  tech  growth  report  billion  januarymarch  2024  received  raising  startups  startup  quarter  total  429  million  q1

History of this topic

Start-up funding sees six per cent surge in funding at 11.3 billion dollars in 2024
5 days, 3 hours ago

Start-up funding sees six per cent surge in funding at 11.3 billion dollars in 2024

New Indian Express  

BENGALURU: In 2024, the start-up ecosystem saw a marginal 6% increase in funding at $11.3 billion compared to $10.7 billion in 2023. However, this is a 56% decline compared to 2022 as start-ups raised a record $25.4 billion in funding in that year, said SaaS-based market intelligence platform Tracxn in its India Tech Annual Report 2024 on Thursday. According to …

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November
2 weeks, 5 days ago

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November

New Indian Express  

Meanwhile, private equity funding in start-ups stood at $4.69 billion in January-November 2024, compared to $4.59 billion in 2023 and $14.95 billion in 2022 during the same period. Zepto raised $665 million in June and in August, it raised $340 million, and these were the top two funding rounds in 2024 so far. Late-stage funding remains cautious, with constrained valuations.” …

Public procurements may come with startup quotas
3 weeks ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

Stellaris Venture launches its largest ever $300 million fund
3 weeks, 5 days ago

Stellaris Venture launches its largest ever $300 million fund

Live Mint  

Bengaluru: Stellaris Venture Partners, which has backed companies such as personal care brand Mamaearth and SaaS startup Whatfix, announced the launch of its largest ever fund with a corpus of $300 million on Thursday. “With this new fund, we’re excited to back founders using technology to solve deep problems in large markets," said Rahul Chowdhri, partner at Stellaris. With this …

Indian Startups Secure Record Funding in October, But Funding Slumps
1 month, 2 weeks ago

Indian Startups Secure Record Funding in October, But Funding Slumps

Deccan Chronicle  

Indian startups attracted funding of Rs 1.2 billion in October, indicating a rebound from the funding winter. However, funding was subdued both on a year-on-year and sequential basis. Fintech, e-commerce, and education startups led the funding activity, with Bengaluru and Mumbai-based startups playing a significant role.

Space-tech start-ups raise $10.8 million funding in January-July period of 2024
4 months, 3 weeks ago

Space-tech start-ups raise $10.8 million funding in January-July period of 2024

New Indian Express  

BENGALURU: After witnessing a record funding of $126 million in 2023, space tech start-ups in the country have seen $10.8 million funding so far in 2024. India, which is home to more than 100 space tech start-ups, has not yet seen any late-stage funding in the last two to three years. Bengaluru-based start-ups have contributed to over 55% of the …

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023
4 months, 3 weeks ago

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023

India Today  

India’s space tech sector is set for significant growth, driven by substantial government investment and strategic initiatives. According to Tracxn’s Space Tech Geo Report 2024, India’s growing Space Tech sector witnessed record-breaking funding of $126 million in 2023, a 7% increase from the $118 million raised in 2022 and a 235% increase from $37.6 million in 2021. Despite a global …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

Start-ups raise $900 million funding in February
9 months, 2 weeks ago

Start-ups raise $900 million funding in February

Deccan Chronicle  

Chennai: In what could be an end to the funding winter, Indian start-ups mopped up nearly $900 million across 121 deals in February, which was higher than January 2024 as well as February 2023. Unlike January, February saw three-digit funding as Shadowfax raised $100 million in a new round. Bengaluru retained the top spot with 45 deals worth around $482.6 …

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals
10 months ago

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals

ABP News  

Fewer fintech start-ups got incorporated in India in 2023, a survey revealed. The survey by Growthpal, a mergers and acquisitions deal sourcing platform, found that the number of fintech start-ups that got incorporated in India in 2023 stood 72.6 per cent lower than 2021 and 55.55 per cent lower than 2022. However, the subsequent introduction of new regulations and compliance …

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData
1 year ago

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData

Live Mint  

Indian startups witnessed a 65.8% drop in funding in terms of value between January and November 2023, according to a report by Times of India. Citing data from GlobalData, Indian startups raised $6.9 billion across 1,013 venture capital funding deals in the past 11 months this year. Among the top VC funding deals in Indian startups this year were- $250 …

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?
1 year ago

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?

Live Mint  

Indian startups have reported around 73% decline in funding this year as compared to 2022. In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. …

Bengaluru leads Indian EdTech funding amid dip in 2023
1 year, 3 months ago

Bengaluru leads Indian EdTech funding amid dip in 2023

The Hindu  

The Indian EdTech space saw a 48 percent dip in funding from 1 January to 7 August 2023 compared to the corresponding period in the previous year. Nevertheless, the report notes that Indian EdTech sector shows promise due to a demand-supply gap between teachers and course availability in offline education, which might fuel the sector’s growth in the coming years. …

Indian startups set for more pain as funding crunch worsens
1 year, 8 months ago

Indian startups set for more pain as funding crunch worsens

Live Mint  

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. The prospect of fast rising consumption both offline and in India's digital space helped many startups clock multi-billion-dollar valuations in recent years, with …

Indian FinTech startups raise $1.2 billion in first quarter of 2023: report
1 year, 8 months ago

Indian FinTech startups raise $1.2 billion in first quarter of 2023: report

The Hindu  

FinTech startups in the country attracted investments worth $1.2 billion in during the first quarter of 2023, 55% lower than $2.6 billion raised in the first quarter of 2022. The sector recorded late-stage investments of $977 million in the first three months of 2023, a spike of 325% when compared to Q4 2022 but a drop of 44% from Q1 …

Startups in India see 75% drop in funding; check details
1 year, 8 months ago

Startups in India see 75% drop in funding; check details

Live Mint  

The startup ecosystem in India saw a considerable decline in investment in the first quarter of 2023 when compared to the same period in 2018, according to the latest "Tracxn Geo Quarterly Report: India Tech - Q1 2023". According to the research, startup companies in India raised $2.8 billion in total in the first quarter of 2023, down 75% from …

Startups raise $3.4b in Q4
1 year, 8 months ago

Startups raise $3.4b in Q4

Deccan Chronicle  

Chennai: Despite facing tough times amid a funding crunch, Indian startups managed to raise $3.4 billion in the March quarter of FY23, which was the same as the funding of the December quarter. In Q4 FY22, startups had raised $12 billion, which came down to $7.7 billion in Q2 and $2.8 billion in Q3. While PhonePe scooped up $650 million …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 10 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

Nandan Nilekani-Floated Fundamentum Raises $227 Million For Investing In Startups
2 years, 4 months ago

Nandan Nilekani-Floated Fundamentum Raises $227 Million For Investing In Startups

News 18  

Fundamentum Partnership, floated by Infosys co-founder Nandan Nilekani and Helion Ventures co-founder Sanjeev Aggarwal, on Friday said it has raised $227 million to invest in early-growth stage Indian start-ups. Fundamentum plans to fund enterprises that have attained product-market fit and have developed momentum in their scale-up journey,” the company said in a tweet. We now intend to go deeper into …

Fintech Jai Kisan raises $50 million in Series B
2 years, 4 months ago

Fintech Jai Kisan raises $50 million in Series B

Live Mint  

Rural fintech startup Jai Kisan on Friday said it has raised $50 million in a mix of equity and debt in the first close of its ongoing Series B funding round. The Mumbai-based startup is expected to raise additional $30-50 million as part of the round in a mix of equity and debt, the person cited above said requesting anonymity. …

India’s fintech ecosystem restores people’s faith in democracy: MoS IT
2 years, 5 months ago

India’s fintech ecosystem restores people’s faith in democracy: MoS IT

Live Mint  

India’s fintech ecosystem has helped the nation in rebuilding the trust between the government and citizens, transforming lives and restoring people’s faith in democracy, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The minister highlighted the expansion of startups and digital ecosystem in India on the closing day of the FinTech Festival India in New Delhi …

Fintech has helped plug corruption, leaks in financial disbursements: Minister
2 years, 5 months ago

Fintech has helped plug corruption, leaks in financial disbursements: Minister

Live Mint  

BENGALURU: India’s fintech ecosystem has helped rebuild the trust between the citizens and the government, transform lives and restore faith in democracy, said Rajeev Chandrasekhar, Union minister of state for electronics and information technology, on Friday. But today, there is no leak or scope for corruption as the beneficiaries get their amounts due straight in their Jan Dhan accounts and …

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022
2 years, 5 months ago

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022

News 18  

Indian startups raised $6.9 billion in 409 funding rounds during April-June 2022, which was down by 33 per cent as compared with $10.3 billion mopped up in the previous quarter. Through this report, we aim to give industry stakeholders key insights into the ecosystem that would help in business decision making backed by extensive market intelligence and thorough research and …

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees
2 years, 6 months ago

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees

News 18  

Although start-ups are resorting to lay-off of employees as they cite cost-cutting as the primary reason, data show that the overall funding for these new-generation enterprises during January-April this year is almost the same as last year and even the number of companies raising over USD 100 million is also higher than last year. Interestingly, the data showed that the …

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding
2 years, 7 months ago

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding

ABP News  

New Delhi: Open, a neobanking fintech portal, became unicorn on Monday after it raised fresh capital which pushed up its value over a billion dollars. 🥳 But before that here's the #Unicorn🧵summarizing our journey so far👇 pic.twitter.com/FsfSOpK5Bp — Open Money May 2, 2022 According to news reports, in a Series D funding round, the five-year-old neobank raised $50 million from …

Indian tech start-ups raised $7.2 billion in Q1 CY2022
2 years, 8 months ago

Indian tech start-ups raised $7.2 billion in Q1 CY2022

The Hindu  

Bengaluru Indian tech start-ups remain attractive and raised $7.2 billion in the January-March quarter of calendar 2022, as per a Tech Startup Investment Factbook analysis prepared by Nasscom in association with PGA Labs. The number of deals closed in Q1 CY22 increased by 34% when compared to Q4 CY21, however, the percentage of funding in large funding rounds reduced from …

Indian startups raised record USD 24.1 billion in 2021, reports Nasscom
2 years, 11 months ago

Indian startups raised record USD 24.1 billion in 2021, reports Nasscom

New Indian Express  

NEW DELHI: Indian startups raised a record $24.1 billion in 2021, a two-fold increase over pre-Covid levels, while $6 billion were raised via public markets with 11 startup IPOs, a new Nasscom report said on Friday.The Indian tech startup base continues to witness steady growth, adding over 2250 startups in 2021, which is 600 more than 2020. India, accounting for …

Groww Skyrockets its Growth with $251 Million Series E Funding
3 years, 1 month ago

Groww Skyrockets its Growth with $251 Million Series E Funding

Deccan Chronicle  

Groww, an online investment platform in India, has made it to a 3x value - at the valuation of $3 billion dollars in just a matter of just six months as an Indian Fintech startup. Rapid Growth Established in 2016 and going on for 5 years, Groww enables the Indian market's retail investors to invest in direct mutual funds, stocks, …

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company
3 years, 3 months ago

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company

News 18  

The founder trio of the payment gateway, BillDesk, has just hit a gold mine as the fintech firm is being bought by Prosus, South African tech-giant Naspers’ investment firm. The two-decade-old company has the most significant number of business clients among payment gateways in India and looks after roughly 60 per cent of all billing transactions in the country. In …

Fintech players get $2.7 billion from VC funds in 2020: Report
3 years, 9 months ago

Fintech players get $2.7 billion from VC funds in 2020: Report

Live Mint  

Despite the pandemic-induced disruptions, venture capital funds pumped $2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at $3.5 billion, according to a report. The biggest investments were into Bengaluru-based payments firm Navi Technologies at $397.9 million from angel funds, Noida-based Pine Labs attracted $300 million from private …

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic
3 years, 10 months ago

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic

Firstpost  

Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. “Weathering negative sentiment, seed stage investment deals grew by 50 percent from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020. The report said Bengaluru, …

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report
3 years, 10 months ago

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report

News 18  

Indian startups are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020 despite the Covid-19 crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019, the number of deals were higher by 20 per cent, the report said. “Weathering negative sentiment, …

Investors pour $9.3 billion into Indian startups, a decline as compared to 2019 data shows
3 years, 11 months ago

Investors pour $9.3 billion into Indian startups, a decline as compared to 2019 data shows

Firstpost  

In 2019, domestic startups had raised a total of $14.2 billion from January 1 to December 23. Investors have poured in about $9.3 billion into Indian startups so far in 2020 despite the Covid-19 pandemic upending many sectors of the economy, data from industry tracker Tracxn showed. This is a decline as compared to 2019 when domestic startups had raised …

Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019
4 years ago

Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019

Firstpost  

The report states that the Indian subcontinent is one of the largest markets for education with 360 million learners in FY20. Indian edtech startups have seen a total investment of $2.22 billion in 2020 as compared to $553 million in 2019, according to Indian Private Equity and Venture Capital Association and PGA Labs data. The IVCA report ‘The Great Un-Lockdown: …

Edtech startups attracted over USD 2.22 billion funding in 2020: Report
4 years ago

Edtech startups attracted over USD 2.22 billion funding in 2020: Report

Hindustan Times  

Indian edtech startups received a total investment of USD 2.22 billion in 2020 as compared to USD 553 million in 2019, reflecting the confidence of investors in the segment that has seen a huge surge amid the pandemic, a report by IVCA-PGA Labs said on Thursday. The report, titled ‘The Great ‘Un-Lockdown’: Indian EdTech’, noted that Indian online education companies …

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