Sep 11, 2021By: Kritti Bhalla
Indian startups have raised over $10.8 billion in the first half of 2021 across 614 deals.
This is almost 95 percent of the over $11 billion raised by Indian startups in the whole of 2020.
This funding spree has changed several dynamics of the Indian startup ecosystem and brought several new companies to the forefront.
These valuations are officially announced by the companies.
Edtech giant Byju’s is currently the highest valued Indian startup. The company has raised nearly $3 billion from General Atlantic, Qatar Investment Authority, Canada Pension Plan and more.
Initial public offering (IPO)-bound digital payments giant Paytm, run by One 97 Communications, has raised about $4 million to date. Its investors include SoftBank, Alibaba Group, T Rowe Price and others.
Ritesh Agarwal-led OYO, which runs a chain of budget hotels and homes, has raised $4 billion from Microsoft, SoftBank, Hindustan Media Ventures and others.
Cab hailing startup Ola too has raised about $4 billion and is backed by SoftBank, Warburg Pincus, Hyundai Motors and others. It has set up another electric vehicle company Ola Electric, which is valued at over a billion.
Postman is the highest valued software-as-a-service (SaaS) startup in India. The company has raised $430 million from Coatue, Freshwork’s Girish Mathrubootham, Bond and Nexus Ventures Partners, among others.
Food delivery giant Swiggy has been raising money to grow faster and get ahead of its rival Zomato. The company has raised $3.7 billion to date and is backed by SoftBank, Goldman Sachs, among others.
PhonePe is a Walmart-owned digital payments company and it competes with Paytm on many fronts, including UPI payments, card/wallet payments and more. IT has raised $1.7 billion from Tiger Global, Tencent, and others.
Dream11 allows individuals to create a team of real players for an upcoming match and compete with other fans for prizes including money. The company, which sponsored IPL 2020, has raised $785 million from Tiger Global, TPG, others.
Online pharmacy startup PharmEasy, which too is exploring options for a public listing, has raised $1.2 billion from Think Investments, Kotak Realty Fund, Prosus Ventures and others.
BrowserStack is a software testing platform used by developers to test their websites or mobile applications. It has raised about $250 million in funding till date and counts Accel, BOND, Insight Partner as investors.