Udayavni Special

Investments in Indian tech start-ups touched USD 14 bn in 2019: Report


PTI, Jan 5, 2020, 5:31 PM IST

New Delhi: Investments in Indian tech-enabled start-ups grew 18 per cent to USD 14 billion (about Rs 99,400 crore) in 2019, with Delhi-NCR and Bengaluru accounting for a lion’s share of the funds, a report by research and consulting firm HexGn said.

India has performed better both in the number of deals as well as funding in value terms with companies like Oyo, Paytm, Ola Electric, Udaan, Bounce and Delhivery raising large rounds, the report said.

“While the number of startup deals in India fell by only 15 per cent (down 27 per cent globally and in Asia), funding in value terms in startups rose by 18 per cent (compared to a 22 per cent decline globally and 56 per cent fall in Asia),” it added.

Globally, the total funding for technology start-ups is estimated to have dipped by 22 per cent to USD 293 billion from USD 375 billion in 2018, with a 27 per cent drop in deals, the report said.

In Asia, funding dropped by 56 per cent to USD 83 billion in 2019 from USD 158 billion in the previous year.

HexGn analysed over 60,000 deals and 1 million data points for the report.

Delhi-NCR attracted USD 7.4 billion in funding, while Bengaluru-based start-ups received USD 4.4 billion in 2019, it said.

E-commerce has customarily been the sector to attract the most funding in India and in 2019 too, it continued its strong march and attracted USD 2.2 billion in funding, the report added.

Transportation and logistics start-ups attracted funding of over USD 2.4 billion, while fintech companies raised over USD 4.1 billion, given the considerable potential of the sector and thrust towards transparency and digital payments from the Indian government, it noted.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Prince Philip’s funeral on April 17; gun salutes mark start of 8-day national mourning in UK

Trump in 2024? He says only that ‘a Republican’ will win

PM Modi pays tributes to social reformer Jyotirao Phule

Man accused of raping Briton in Goa held in B’luru

K’taka govt to lay off permanent RTC employees?

Pant happy to trump his “Go To Man” Dhoni; CSK skipper unhappy with bowlers

COVID-19: Karnataka logs 6,955 infections, 36 deaths





Related Articles More

India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

Alibaba fined USD 2.8 billion on competition charge in China

Net direct tax mop up exceeds revised estimates at Rs 9.45 lakh cr in FY21

Recovery is underway after worst global recession since World War II: IMF MD

During COVID-19 pandemic, India’s debt to GDP ratio increased from 74 pc to 90 pc: IMF

MUST WATCH

News Bulletin 10- 04-2021 | UDAYAVANI

Impact of Lock-down on fisheries | Fisheries Industry

Mangaluru: Woman rescues dog from 50-ft well

‘Night Corona curfew’: Compol issues guidelines, know rules

Kundapura: Minitruck dumps waste near road; local man makes them reload it

Latest Additions

Irrfan Khan’s son Babil to make acting debut opposite Timri Dimri with Netflix film ‘Qala’

Corona curfew: K’taka relaxes norms for industrial personnel, Chief Secretary issues fresh order

Prince Philip’s funeral on April 17; gun salutes mark start of 8-day national mourning in UK

Trump in 2024? He says only that ‘a Republican’ will win

Ullal: Man throws stones at police car, detained

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.