It’s 2016, and murmurs in entrepreneur circles about funding slowdown have only grown stronger. There is also talk of bursting the startup bubble. But while 2016 wasn’t the greatest year for startup funding, Indian startups have managed to amass large volumes of investor money nevertheless. Here are the top 10 highest funded startups in India as we enter 2017.
- Flipkart ($3.2 billion)
India’s most valuable startup is also the top of the funding pecking order. The e-commerce giant has raised $3.2 billion so far from investors such as Accel Partners, Tiger Global Management, and DST Global.
- Snapdeal ($1.76 billion)
India’s second-highest valued startup is also 2nd in the funding stakes, having raised $1.76 billion across 12 rounds of funding.
- Ola ($1.23 billion)
India’s homegrown cab hailing company is the leader in the market, and is competing hard against the most valuable startup in the world, Uber. Ola has raised $1.23 billion across 8 rounds of funding from investors such as Softbank and Tiger Global.
- Paytm ($740 million)
2016 has been Paytm’s year. The demonetization move has given it new room to maneuver and grow, and it’s done exactly that. Since 8th November, it’s doubled down on its promotions and product launches, and is putting the $740 million that it has raised to good use.
- Quikr ($346 million)
The classified website has been expanding to other areas, including real estate and jobs. It has raised $346 million so far. It is fifth in the list of highest funded startups in India.
- Big Basket ($246 million)
The online food and grocery store is probably the country’s favourite online sabzi mandi right now, thanks to demonetisation. It has raised $246 million.
- OYO ($230 million)
The technology driven hotel chain that owns and aggregates standardized budget hotel rooms has raised $230 million so far.
- Zomato ($223 million)
The restaurant discovery and search app, that forayed into food delivery last year, has raised $223 million.
- InMobi ($220 million)
The Bangalore-based mobile advertising startup has raised $220 million, and is 9th on the list of highest funded startups in India.
- Car Trade ($188 million)
The online marketplace of new and used cars has raised $188 million.