India’s start-up investments on a free fall
Advertisement
Advertisement
India’s
The recent KPMG-CB Insights report confirms the worst. Investments in Indian startups slumped from $2.89 billion in the third quarter to $1.51 billion in the last quarter of 2015. The year 2016, saw a further fall in investments with around $1.15 billion invested in the first quarter, almost a 24% slump. The number of startup deals also fell 4% to 116 in the quarter.
According to the report, the largest deals in the January quarter were - $150 million secured by online grocery retail startup BigBasket, $150 million raised by e-commerce marketplace Shopclues, and $50 million raised by the country’s second most valuable e-commerce startup Snapdeal.
According to Venture Pulse, the quarterly global report on VC trends published jointly by KPMG International and CB Insights, Q2 2016 saw $27.4 billion invested across 1,886 deals globally. The total number of deals declined an additional 6 percent from Q1 2016, after reaching a high in Q2 2015.
Advertisement
After median late-stage deal size in Asia ballooned to $150 million in Q4 2015 and crashed below $75 million in Q1 2016, the region saw late-stage deal size bounce back to $100 million in Q2 2016.
Image source
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’