20 Top funded Indian Startups in 2016 so far

“When the tides turn, you know who’s been swimming naked.” -Warren Buffett
Nobody could have put it better. It couldn’t be clearer that innovation would be funded, no matter what. As the global financial downturn continues to weed out run-of-the mill ideas, there’s a clear pattern to what’s happening in India’s startup eco-system now.

Real Winners, Big Game
As the funding euphoria of 2015 dies down, startups with real mettle are raising good money. Byju is looking good, with $75 million in its kitty. It’s looking to raise another $50 million to tackle India’s huge ed-tech space.

Lenskart is another entry. The online eyewear brand is gaining traction, and has come up with new eye testing equipment. This will increase its portability and drastically improve its home service programme.

No Slowdown
While 2015 is widely touted as the ‘golden year’ for Indian startups, Q1 2016 has seen a 60% hike in the number of funding rounds.

To answer the question of many potential startup founders - Investors are betting big on the startup ecosystem. In fact, the first six months of the year has seen the second highest fundraising in a seed round, with Melorra bagging a whopping $5 million.

Moving forward:
Things are picking up. However, while the likes of Ibibo and BigBasket are raising big money, there’s news of layoffs. The sweeping funding rounds of 2015 have been heavy on many a player.

However, till the shutters are up, the game’s on.

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