Sep 11, 2021
By: BI India BureauIndian startups have raised over $10.8 billion in the first half of 2021 across 614 deals.
Credit: Canva
This is almost 95 percent of the over $11 billion raised by Indian startups in the whole of 2020.
Credit: Canva
This funding spree has changed several dynamics of the Indian startup ecosystem and brought several new companies to the forefront.
Credit: Canva
These valuations are officially announced by the companies.
Credit: Canva
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.
Credit: BCCL
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.
Credit: BCCL
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.
Credit: OYO
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.
Credit: BCCL
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.
Credit: Postman
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.
Credit: BI-India
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.
Credit: PhonePe/Canva
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.
Credit: Dream11
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.
Credit: PharmEasy
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.
Credit: Glassdoor