According to Tracxn, a total of 924 Indian start-ups were funded in 2016, raising $3.89 billion in all. Last year, a total of 904 companies raised $7.54 billion.
Here’s the top 10 Startups funded in 2016:
1. Ibibo
Indian online travel website Ibibo Group started the year with a $250 million check from the South African global internet and media company Naspers.
2. Snapdeal
Snapdeal raised $200 million in February, led by Canada’s Ontario Teachers’ Pension Plan, giving it a valuation of $6.5 billion.
3. Hike
Hike Messenger, India’s answer to WhatsApp, rocked the local industry with its $175 million fundraise from Chinese internet giant Tencent and manufacturing firm Foxconn in August.
4. BigBasket
BigBasket hit the jackpot with a $150 million funding round led by the UAE-based Abraaj Group.
5. CarTrade
When 2016 had just kicked off, Mumbai-based car classifieds site CarTrade bagged $145 million from Singapore state investment firm Temasek Holdings, US-based March Capital, and existing investor Warburg Pincus in a fresh funding round.
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6. ShopClues
A new unicorn was born when e-commerce startup ShopClues raised $100 million in a series D funding round, according to Tracxn. The company had kept the actual funding amount a secret back then.
7. BookMyShow
Movie ticketing site BookMyShow raised $81 million led by US-based Stripes Group. Existing investors Network 18, Accel Partners, and SAIF Partners also participated.
8. Byju’s
India’ biggest edtech startup had a golden year, and the biggest strike was when it raised $75 million in funding from Sequoia Capital and Belgium-based Sofina.
9. Rivigo
924 start-ups raise $3.9 bn in 2016: Here are top 10 cos with highest draw Logistics startup Rivigo bagged $75m in series C funding led by an affiliate of Warburg Pincus.
10. Mobikwik
The craze around fintech notwithstanding, MobiKwik is the only digital payments startup that made the top 10 in funding.
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