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
18 PhonePe Digital Wallet Bangalore Flipkart 3,87,00,000
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

About Author

Biplab Ghosh

Biplab lives his life around technology and is particularly keen to explore the intersection of technology and human behaviour. Always looking for new ideas, and ways that can make things simpler. He is a geek with the flair for travel and has great passion for music and theatres.

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