India is on track for a record level of funding this year. It comes after a steep fall in 2016 as the market went into correction mode from the 2015 boom. But even in the midst of the trough in 2016, deal activity saw no letup, with 965 deals in all in 2016, compared to 881 in 2015.
Here’s a rundown of the top 10 most active investors in India:
Blume Ventures
Blume Ventures' biggest bet was participating in a $30 million series B funding of GreyOrange, an outlier that has won major clients in India and abroad for its warehouse robots.
This is the country’s oldest network of angel investors, having started in 2006 at a nascent stage for the startup ecosystem.
Sequoia Capital India
Many of India’s well-known startups – Ola, Oyo, Zomato, Practo, Byju’s, UrbanLadder, BankBazaar, DailyHunt – have Sequoia backing.
Accel Partners India
Accel Partners has made 55 bets since 2012, the same number as Sequoia. Standouts among them are Flipkart, Swiggy, PropTiger, BookMyShow, and Freshdesk (now renamed Freshworks).
Mumbai Angels
Among the 48 deals by Mumbai Angels since 2012 are AppsDaily, Purplle, NowFloats, and eDreams Edusoft.
Kalaari Capital
BlueStone, Zivame, and Robosoft are among its notable investments – 43 of them since the beginning of 2012.
IDG Ventures India
Yatra, Lenskart, iProf, and Nestaway are well-known investments by IDG Ventures India. More recently, it has invested in AI startups like Active.ai and SigTuple for a total count of 40 investments since 2012.
Tiger Global Management
Global still makes the cut, with 36 investments since 2012. But last year, it mostly focused on salvaging its biggest India bet Flipkart, which came under immense pressure from Amazon.
This is an excerpt from the article published on Tech In Asia. You can read the full article here
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%