The murmurs in entrepreneur circles about funding slowdown is still persistent. There are talks about bursting the startup bubble. The flames of uncertainty is still recurring, on top with the change of dynamics in startup ecosystem. However, when the country’s economic growth and purchasing power of people are on synchronized rise, there can be no dearth of funding. 2015 was a very good year, and 2016 is for taking things slow. But there is no stopping for the VC companies. Read our list of the top 10 most funded startups and get a dose of motivation for free!
It’s been a tough few months for Indian startups, but the bigger ones that been thought to be largely doing well. In a sign that even vaunted, highly funded startups are struggling, InMobi has become the latest company to let go of employees. It has fired 100 people from its headcount of around 1000 in Bangalore.
Starting up is never easy. There’s blood, sweat, tears, and a whole lot of sacrifice. Your life begins revolving around your company, and other aspects can often take a backseat. So when InMobi cofounder Naveen Tewari was asked to rank his wife, his company and cricket in order of preference, his response was clear – InMobi was the most important thing in his life.
It’s boom-time for startups across the world. The unicorn, or a startup with a valuation greater than $1 billion (so named because it used to be as rare as the mythical creature), has now become commonplace. As of 2015, 107 companies across the world feature in this elite list.
The top startups in India in 2015 are, keeping with the times, mostly internet based companies. Mu Sigma, a Bangalore-based analytics firm, makes an interesting entry into the list.