Sluggish beginning for startups in 2019, funding down by 25 percent
2 April 2019 10:12 PM GMT
As per startup data platform, Tracxn, Jan-Mar quarter of the calendar year (CY) 2019 has witnessed a drop in total deal value from $3.2 billion to $2.4 billion, which is 25% less than the preceding quarter (Oct-Dec 2018).
- As per startup data platform, Tracxn, Jan-Mar quarter of the calendar year (CY) 2019 has witnessed a drop in total deal value from $3.2 billion to $2.4 billion, which is 25Â percent less than the preceding quarter (Oct-Dec 2018).
- Moreover, the number of deals has also stumbled around 17 percent to 187 rounds in the first quarter of the running calendar year from 224 rounds in the last three months of the calendar year 2018.
- Some of the major rounds of funding in the Indian startup ecosystem during first three months of 2019 include, Delhivery's $413 million round led by Softbank , Ola securing $300 million from Hyundai and Kia, $150 million raised by Bigbasket from Mirae Asset and Alibaba, $100 million raised by OYO from Didi Chuxing, CarDekho's raising $110 million from Sequoia, Capital G.
- The first quarter of the calendar year 2019 registered $326 million investment in 134 rounds vis-a-vis Q4 FY208 where nearly $547 million was invested in 166 rounds.
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