Bengaluru: Startup India hasn’t been so good for a long time.
They collected nearly $ 11 billion in the September-September quarter, twice the money they got during the same period last year, with Fintech companies, Edtech and SaaS (software-as-a-service) cornering nearly 50% of funds.
This is the first time that total startup funds have crossed $ 10 billion at a quarter.
About 16 startups appeared as unicorn (worth more than $ 1 billion) in three sectors this year, including browsers, credit, Bhartpe, Vedantu, Eruditus and upgrades.
More than 30 startups have changed this year’s unicorn so far, including two decakers (worth more than $ 10 billion) – BYJU’s and Paytm.
According to the Perspective Report of the Indian PWC Startup, the number of offers closed in the September quarter increased by 83%, and a value increased by 41% compared to the June quarter.
About 84% of funding activities are driven by the stage of growth and final offer stages.
However, this represents 39% of the total agreement activities.
About 61% of the total agreement activity consisted of initial funding rotation of $ 1.6 billion.
The average ticket size per round is $ 4 million.
PWC India Partners (Bid leader & Startup) Amit Nawka said, “Startup has used accelerated digital adoption seen between the same business and individuals to create a newer business model and this encourages investor interest in a big way.
We see an increase The average size of improvement, and faster funding rounds have caused a surge in cross-sectoral agreement activities, since the beginning of this year.
“The Fintech room has seen adoption and maximum actions in insurtech, Wealthtech, Neobanks and financial technology enablers.
The increase in funds that almost fourfold was increased to an investment of $ 4.6 billion was witnessed in the first three quarters of the year 2021 calendar when compared to the same period last year.
Six Fintech turned Unicorn.
Pine Labs, which offer a technology platform for traders to receive digital payments and give them financing, recently collecting $ 700 million, assessing the company of $ 3.5 billion.
BYJU recently raised other major funding, $ 300 million, who valued the company for $ 18 billion.
Online Executive Education Startup Eruditus collected $ 650 million that appreciated the company with $ 3.2 billion, four serial assessments of $ 780 million last year.
The Postman Fire Platform recently secured $ 225 million in series D round which appreciated the company with $ 5.6 billion.
The Indian SaaS industry has more than 1,000 companies, with more than 150 generating repeated income (ARR) of more than $ 1 million.
The Nasscom report said SaaS pure companies have the potential to grow $ 13-15 billion in collective income in 2025.
India has many Unicorn SaaS, including Chargebee, Innovaccer, Postman, Druva and Icertis.
Bengaluru and NCR continued to become the main major cities in India, together contributed 76-78% of the total funding activities in the first three quarters of the calendar year 2021 and 2020, followed by Mumbai and Pune.
Increased funding activities in Bengaluru in CY21 (Q1, Q2 and Q3) were driven by startups such as BYJU, SWIGGY, MEESHO, UNACADEMY, and CRED.
Funding activities in the NCR are led by Zomato, Pine Labs, Bharatpe, ofbusiness and Delhivery.
Mumbai attracted investment in Edtech and the Healthtech segment (Eruditus and Farmeeasy raised significant capital, followed by Dream11, Gupshup and Infra.
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