Indian startups that received Mammoth funding this year
The Indian startup community has truly taken off and made its mark by factors like huge funding, innovative ideas, evolving technology and booming domestic market.
The numbers are telling—from 4000 new businesses in 2014 to a projection of more than 12,000 by 2020, this is certainly not a passing pattern. It’s an revolution. What’s more, is that it’s going to change the way the business sectors are working today in India.
In this story, we have listed the Top 10 Indian startups that received Mammoth funding this year:
This 8 year old e-commerce company has raised a total amount of $3.4 billion from global investors and is keen to capitalize on India’s growing e-commerce market and a rising middle class which has become more comfortable with the fact of online shopping.
Snapdeal.com, India’s second largest e-commerce online portal has raised $500 mn in fresh funds. The deal values Snapdeal at about $4.8 bn will help them give out tough competition to it arch rivals & grab a hold of the booming online market .
Ola cabs have raised Series E round of funding of $400 mn. This additional investment will allow Ola to go deeper into Tier-2 cities and help them build personal transportation from ground zero.
Quikr has raised $150 mn in this financing year. The raised capital will be used in company’s fast growing mobile business and where Quikr is in leading positions for the resale of goods, cars, real estate, jobs and services.
5. Ecom Express
After the e-commerce boom, allied services are picking up millions from global private equity funds. Ecom Express, confirmed that it has raised $133 mn in funding helping them expand its delivery system, upgrade technology, and for implementing advanced parcel sortation systems.
Since its launch in 2012, Foodpanda has raised over $310mn from global investors. Foodpanda is currently operating in 40 countries, market leading in 32, among them are India and Russia. Foodpanda is active in over 580 cities around the world and partnering with over 60,000 restaurants.
ShopClues, has raised $100 mn in Series D funding. The money will be used in product development and bringing in more merchants and products on-board.
One of India’s leading music streaming company, Saavn raised $100 mn in this financial round. The company will use the capital for developing its product, to make a grasp on new customer and acquire the growing market. In addition, the company will be investing in its advertising technology, growing the sales force, and capturing new content deals.
Pepperfry has raised $100 mn in funding, these funds will be used to open more distribution centres in an attempt to expand the company’s reach in tier-2 cities and to strengthen its logistics network, which comprises of more than 300 vehicles at present.
10. Oyo rooms
Budget-hotels marketplace OYO Rooms secured a funding of $100mn. The startup, founded three years ago by Ritesh Agarwal, now 21, is expected to be valued at about $400 mn. OYO rooms will use the fresh capital to enhance customer experience, redefining their products and expand in the hotel industry.