1. ‘Start-ups, e-commerce firms attract $1.7-bn investment in Q1 2016’

‘Start-ups, e-commerce firms attract $1.7-bn investment in Q1 2016’

The Indian start-up ecosystem, which experienced a slowdown in Q4 of 2015, has seen a significant uplift in terms of deal size and volume in the first quarter of 2016, averaging at least four deals a day between January and March this year.

By: | Bengaluru | Published: April 6, 2016 1:27 AM

The Indian start-up ecosystem, which experienced a slowdown in Q4 of 2015, has seen a significant uplift in terms of deal size and volume in the first quarter of 2016, averaging at least four deals a day between January and March this year.

According to the data compiled and analysed by Xeler8, a US-based venture capital database and start-up research firm, in the first quarter of 2016, Indian start-ups have cumulatively raised $1.70 billion across 344 deals from 312 investors as compared to $1.5 billion across 114 deals in Q4 of 2015.

“Out of the total deal scenario, over 62% of the total deals (214 deals) has revolved around seed and angel stage (along with incubations/ accelerators). This quarter has also seen 2 debt financing rounds raised by Flipkart & Paytm of $67 million and $44.7 million respectively from HDFC and ICICI Bank, the report said.

In this quarter, online travel company Ibibo group that runs goibibo.com and redbus.in, raised $250 million from internet and media firm Naspers to strengthen its leadership position in the hospitality category. Online marketplace Snapdeal raised $200 million to ramp up investments in logistics and infrastructure segment.

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