Startups from Delhi, Bangalore and Mumbai have raised 95% of funding from investment firms in the April-June quarter. Startups in cities like Chennai, Pune, Hyderabad received the remaining 5% of the funding.
Industry body Nasscom has released a report in this regard: fintech i.e. financial technology startups have attracted the bulk of the roughly Rs 51,000 crore funding raised this quarter. Rs.13 thousand crores have been invested in those companies.
This is followed by media and entertainment startups with around Rs 9,000 crore, business tech startups with around Rs 8,000 crore, retail tech startups with around Rs 4,500 crore, education tech startups with around Rs 4,000 crore and healthcare tech startups with around Rs 2,500 crore. have accumulated.
Venture capital firms Tiger Global and Sequoia invested 60% in the expansion phase of these companies. 40% of Tiger Global’s overall investments have been made in the fintech sector. 20% have been done in commercial technology startups. 25% of Sequoia’s funding has gone to corporate tech startups and 20% to fintech startups.
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If the company’s value exceeds 100 million dollars, they are called unicorn companies. Accordingly, 4 unicorn companies have been created in the April-June quarter. The four unicorns are neo-banking company ‘Open’, SaaS platform company ‘Leadssquared’, education technology company ‘Physicswala’ and online beauty retailer ‘Purple’. The figure was 16 in the January-March quarter. Currently, due to global economic problems, funding for Indian startups has decreased. It has been said.
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