Bangalore: 2014 had been an enthralling year for the Startup ecosystem in India which continues to gain pace boosted by new government initiatives and allocation of over Rs.10,000 crore in the union budget. In 2014, startups witnessed almost 20 percent rise in deals as compared to 2013 and has roughly 400% growth in total value of deals. This impressive raise is continued to show its extent this year, 2015 as the year witnessed $1.7 billion investment fund via more than 160 deals along with 30 undisclosed amounts funding so far.
According to 2015 funding records, Sequoia Capital, Tiger global, IDG Venture, Helion Venture Partner, Nexus Venture partners, India Quotients, Matrix Venture Partners, SAIF Partners and Kalaari Capital are the top investors. The Venture Capitals have invested in various verticals including Angel funding, Seed funding, Series A, Series B and Series C. Seed rounds contributed 39.8% of the investments and Angel rounds of funding contributed 22.9%. Series A investments was 16.9%, Series B was 7.6% & Series C had contributed 4.2%. While other accounted for 8.5 percent which shows roughly 300% growths in the amount raised in January –April, 2015.
Among the other industries in Indian market, online is the most elevated owing industry with a funding amount of roughly $1.1 billion via more than 60 deals. In terms of e-Commerce funding, Paytm raises the highest amount of $575 million from the giant e-Commerce firm Alibaba. The other e-Commerce major investors are Hillhouse, Tybourne & Sequoia, Nexus, Tiger Global, Trinity Ventures, InterWest Partners, Facebook, Valiant Capital, IDG, Vertex & SAIF Venture, Google Capital and many others.
Here, Startup City brings you the list of top 10 online startups that raised the highest funding in the first quarter of 2015:
Paytm: Incorporated in 2009 by Vijay Shekhar Sharma, the Paytm Mobile Solutions Private Limited raised the highest amount of $575 million from the world’s largest e-Commerce firm Alibaba.
ShopClues.com: An online retail website, ShopClues raises $100 million in Series D funding from Tiger Global. Headquartered in Gurgaon, ShopClues.com was founded in 2011 by Sanjay Sethi and Sandeep Aggarwal.
FreeCharge: Founded in 2013 by Alok Goel, an online and mobile commerce platform, FreeCharge raises $80 million in a new round of funding from Hong Kong- based fund Tybourne Capital Management, SF-based fund Valiant Capital Management along with other investors.
CarDekho.com: An auto portal company CarDekho.com raises $50 million from Chinese investment management firm Hillhouse Capital and Hong Kong-based Tybourne Capital in Series B round of funding. Founded in 2008 by Amit Jain and Anurag Jain in Jaipur, CarDekho.com is owned by Girnar Software Pvt. Ltd.
Caratlane.com: An online jewellery portal, Caratlane raises $31 million from investor Tiger Global in Series D round of funding. India’s trusted online Jeweler, Caratlane is one of India’s leading e-Commerce company and one of the most visible online brands. The company was founded in 2008 by Mithun Sacheti in Chennai.
Lenskart: Noida-based Valyoo Technologies Pvt. Ltd., which runs Lenskart.com raises $21.9 million in Series C round of funding from TPG Capital, TR Capital and IDG Ventures. This Indian eyewear online portal is founded by Peyush Bansal along with Amit Chaudhary and Sumeet Kapahi in 2010.
HomeLane.com: HomeLane.com raises $4.5 million in Series A funding from Sequoia, Aarin along with other investors. The company was founded in 2014 by Srikanth Iyer and Rama Harinath along with Vivek M P in Bangalore.
Capital Float: Founded in 2013, an online platform that provides working capital finance to SMEs in India, Capital Float raises $13 million in Series A round of funding from Sequoia Capital along with existing investors SAIF Partners and Aspada. Capital Float was founded by Sashank Rishyasringa and Gaurav Hinduja in Bangalore.
Frsh:Gurgaon-based Fingertip Foods Pvt Ltd, the company behind online meal service startup Frsh.com, raises about $518,000 from India Quotient and Kae Capital. The company was founded in 2014 by mechanical engineer Goel and computer science engineer and management graduate Sumit Kumar.
Triphobo: Founded in 2012 by Praveen Kumar, Karthik Ramachandra and Saket Newaskar, Pune based online vacation and trip itinerary planner, Triphobo raises $3 million in Series B round of funding led by Mayfield along with existing investor Kalaari Capital.