In 2019, home startups had raised a whole of $14.2 billion from January 1 to December 23. The decline is primarily attributed to the outbreak of COVID-19.
Investors have poured in about $9.3 billion into Indian startups to date in 2020 regardless of the COVID-19 pandemic upending many sectors of the financial system, data from business tracker Tracxn confirmed. This is a decline as compared to 2019 when home startups had raised a whole of $14.2 billion throughout 1,482 rounds from January 1 to December 23. In December alone, greater than $1.5 billion was invested throughout firms together with meals supply app Zomato, logistics participant Delhivery, and InMobi’s Glance. The investments have been unfold throughout 1,088 financing rounds, in accordance to the Tracxn data.
Deal exercise was gradual in April ($461 million raised by 85 rounds), May ($318.5 million by 72 rounds) and June ($553 million by 68 rounds).
Although the variety of funding rounds fell to its lowest in 5 years in 2020, the quantity raised was larger than 2016 and 2017, when buyers chipped in $3.51 billion and $6.43 billion respectively.
Some of the enterprise capital companies doubled down on seed and Series A offers. There had been fewer $100-million funding rounds this yr (24 rounds totalling $4.71 billion), however these accounted for the majority of deal worth, Tracxn data confirmed. There had been 28 rounds of over $100 million amounting to $7.86 billion in 2019, in accordance to Tracxn.
The yr additionally noticed heightened mergers and acquisitions, with a number of corporates and strategic buyers scooping up excessive-progress targets. Leading the pack was the acquisition of WhiteHat Jr ($300 million) by Byju’s, and Reliance Industries acquisition of on-line furnishings retailer Urban Ladder ($24 million) and on-line pharmacy Netmeds ($83 million), clocking greater than 20 p.c progress in M&A (Mergers and Acquisitions) transactions over the earlier yr.
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