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From Flipkart to Swiggy, Indian start-ups raise $38.3 bn funding in 2018

Flipkart's $ 16 bn deal with American retailer Walmart accounted for the biggest piece of the pie, followed by Swiggy raising about $ 1.3 bn over three deals, and OYO picking up $ 1 bn

Press Trust of India  |  New Delhi 

flipkart

Indian startups are estimated to have raised $ 38.3 billion in funding in 2018, behind only the US and China, a report by said Thursday.

Flipkart's $ 16 billion deal with American retailer accounted for the biggest piece of the pie, followed by raising about $ 1.3 billion over three deals, and picking up $ 1 billion in 2018, the report said.

Other big funding deals included those by Mall ($ 895 million), ($ 495 million), Byju's ($ 422 million) and ($ 410 million).

Around 1,000 deals were signed by Indian startups in 2018 with areas like e-commerce, fintech, sustainability and renewable energy, and logistics, health and wellness, and travel and tourism attracting the highest investments, it added.

"There has been a meteoric rise of startup funding for Indian startups. has emerged as a key contender for startups globally, beating the and In 2018, startups in raised $ 172 billion, compared to $ 162.9 billion in and $ 46.2 billion in Europe," said.

Globally, about 14,300 funding deals were struck by startups in 2018, raising over $ 400 billion, an increase of more than 23 per cent from the previous year, the report said.

It added that over 3,700 seed funding deals (totalling $ 6.9 billion) were struck, while 7,357 venture funding deals ranging from series A to Series I were signed in 2018 to raise $ 217.9 billion.

 

First Published: Thu, January 03 2019. 17:21 IST
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