The year 2017 proved that big ticket funding is not a thing of the past. After a year of drought in 2016, the stars of the Indian startup ecosystem came back to prove they still possess the confidence of the investors.
Compared to 2015 and 2016, the first six months of 2017 saw a lesser number of investments in Indian startups, but what is significant is that the amount invested in 2017 is significantly higher.
However, the downtrend of 2016 did result in substantial cutback on their valuations. This year, Flipkart, Paytm and Ola were the top three startup’s that raised significant funding.
Last year Ibibo with $250 million in investments from Naspers and Tencent took the third slot in the top funded companies. Today, Ibibo is a part of Makemytrip. Fourth in last year’s list was Snapdeal with $221 million from the Ontario Teachers’ Pension Plan and Iron Pillar Fund. Today, Snapdeal is struggling to keep its business running.
Here are the top Top 21 India’s top funded startups for 2017,
|Ranking||Startup Name||Vertical||Location||Investor’s Name||Funding (in USD)|
|1||Flipkart||Online Marketplace||Bangalore||Softbank, Microsoft, eBay, Tencent Holdings, Naspers, Bennett, Coleman and Co. Ltd (BCCL)||4,00,97,00,000|
|2||Paytm||Mobile Wallet & ECommerce platform||Bangalore||SoftBank Group, Alibaba||1,60,00,00,000|
|3||Ola||App based cab aggregator||Bangalore||SoftBank Group Corp, SIMI Pacific Pte, Tencent, Falcon Edge Capital, Capital Advisers, Tekne Capital Management LLC||52,45,00,000|
|4||Oyo Rooms||Branded Budget Hotels Aggregator||Gurgaon||SoftBank Vision Fund, Lightspeed Venture Partners, Sequoia Capital India Advisors, Greenoaks Capital Partners||25,00,00,000|
|5||Delhivery||Tech enabled Fulfilment & Logistics Solutions||New Delhi||Carlyle Group, Tiger Global||10,00,00,000|
|6||Dhruva||Cloud data protection and management solutions||Pune||Riverwood Capital, Sequoia Capital India, Nexus Venture Partners, Tenaya Capital||8,00,00,000|
|7||Swiggy||Online food delivery platform||Bangalore||Nasper, Accel India, SAIF Partners, Bessemer Venture Partners, Harmony Partners, Norwest Venture Partners||8,00,00,000|
|8||Policy Bazaar||Online insurance policy aggregator||Gurgaon||Wellington Management, DG Ventures India, True North||7,70,00,000|
|9||Ace2three||Online Rummy playing Website||Hyderabad||Clairvest Group||7,37,00,000|
|10||Blackbuck||Online freight aggregator||Bangalore||Sands Capital, IFC, Accel Partners, Flipkart, Sanjiv Rangrass||7,00,00,000|
|11||Greenlight Planet||Off-grid solar products platform||Mumbai||Apis Partner, Eight Roads Ventures, Bamboo Capital Partners||6,00,00,000|
|12||FreeCharge||Mobile Wallet||Mumbai||Jasper Infotech Pvt Ltd||5,70,00,000|
|13||Markets and Markets||Marketing Research Company||Pune||FTV Capital, Zodius Capital||5,60,00,000|
|14||Practo||Online Healthcare platform||Bangalore||Tencent, ru-Net, RSI Fund, Thrive Capital||5,50,00,000|
|15||High Radius||Integrated receivables software solutions||Hyderabad||Susquehanna Growth Equity LLC||5,00,00,000|
|16||Goomo||Online Travel & Holiday Booking platform||Mumbai||Emerging India||5,00,00,000|
|17||Healthcare at Home||Home Healthcare Provider||Noida||Quadria Capital Advisors||4,00,00,000|
|19||Byju’s||Mobile Learning App||Bangalore||Tencent Holdings||3,50,00,000|
|20||TicketNew||Movie Ticket Booking platform||Chennai||Alibaba Pictures||3,50,00,000|
|21||mSwipe||Point-of-Sale services||Mumbai||UC-RNT Fund, Matrix Partners, alcon Edge Capital, DSG Consumer Partners||3,10,00,000|