Indian technology startups raise $ 6 billion in the April-June quarter, Fintech says
Sixteen major ticketing deals helped generate a total of $ 6 billion in funding last quarter, as the number of deals fell 17 percent from quarter to quarter, according to Quarterly Investment Factbook Tech Startups by Nasscon and PGA Labs.
FinTech has emerged as the top-funded vertical, followed by Media & Entertainment. The two sectors attracted 45 percent of the total financing by value, led by large ticket agreements such as CRED and Dailyhunt.
B2C technology startups accounted for 63% of the contract value, raising $ 3.8 billion.
The best B2B-funded startups were AI and automation activators such as LeadSquared, Observe.ai and GreyOrange.
Series D accounted for around 20 percent of total funding due to agreements such as Zepto and Rapido.
Series J accounted for approximately 13% of total funding due to the $ 805 million Dailyhunt agreement in Q2CY22
More than half of the agreements were greater than $ 100 million
52% of the agreements were larger than 100 million dollars each, while 21% financing was in the range of 50-100 billion dollars.
Financing was dominated by the start of growth stages
Growth stage agreements contributed 58 percent of the total financing over the past four months, as investors supported start-ups that have already reached a certain scale. The financing for startups in the growth stage was 24 per cent, while startups in the early phase received 18% of the financing.
Sequoia Capital and Tiger Global are the most prominent investors
Sequoia Capital and Tiger Global emerged as the prominent investors with involvement in 15 and 14 agreements, respectively; followed by Alpha wave and Accel, which invested in more than 6+ agreements across sectors.
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