BI Year-Ender: Five emerging start-ups that got $100 million funding in 2016
2016 has been a year of funding slowdowns with overall funding in the startup ecosystem being less than 2015. Total of 924 Indian start-ups were funded in 2016, raising $3.89 billion, according to reports. Unlike in 2015, when
topped funding with US$700 million, this year the highest check was for US$250 million. 2015 saw a total of 904 companies raising US$7.54 billion.
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Here is a list of start-ups that aren’t as known as the poster children of startup ecosystem but are quickly joining this foster home.
Education is a sector that was definitely in the spotlight this year. Online Learning App, Byju's is our favorite because of the work they do. The Bangalore- based company got international recognition with funding from Chan Zuckerberg Initiative, Times Internet Ltd, Sequoia Capital, Sofina and Lightspeed Ventures, this year. Ather Energy
This year also saw a surge of product startups that used patented technology to really 'Make In India'. Electric Vehicle Manufacturer, Ather Energy was the first startup to manufacture electric scooters that are completely Indian. This Bangalore- based company got a significant funding from Hero MotoCorp.
This Consumer Internet company deals with Online Furniture but is different as it is a Rental platform. This year saw this Bangalore based startup getting funding from Lightbox Ventures, Axis Capital & Others. Knowlarity
This year saw a lot of B2B ventures getting due credit for thier work. Knowlarity is a Cloud Telephony Platform that caters to company's consumer needs. This Bangalore based compnay got funding from Delta Partners, Sequoia India, Mayfield, Blacksoil and Trifecta Capital. Nykaa
While the popular players in this category stayed strong this year, eCommerce saw niche companies gaining traction. Online Beauty products eTailer, Nykaa got funding from Sunil Munjal and Mariwala family, cementing on the saying that 'the future is female'.