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!
The package delivery was wholly unremarkable, much like the thousands that take place everyday across India. Except that it wasn’t the typical e-commerce delivery. For one, I’d mailed the package to myself. And secondly, I’d just scammed Quikr and Paytm of 2,000 rupees.
After months of speculation, and repeated denials by both parties, Quikr has finally sealed the deal and acquired real estate portal Commonfloor. Reports of Quikr acquiring Commonfloor had been abuzz for a while but Commonfloor CEO had diligently rubbished them every time. However in a report on December 1, the deal was touted to be almost through.
The tech world was abuzz this morning with reports that Quikr was eyeing a majority stake in real estate portal CommonFloor. An Economic Times article had stated that the deal would be worth Rs. 330 crore, and had been in the works for the last 5 months. The news was gaining steam and being picked up by other publications, until co-founder Vikas Malpani intervened.
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.