Last updated on October 8th, 2016 at 02:00 pm
2015 has been a revolutionary year for India’s tech startup landscape, with a total of 114 startups that filed series A rounds by December in the year, with total funding amount to $542 million.
Most startups try to build and maintain a strong position in their sector connecting the best talent, technology, and design to join network effects.
The largest funded player on this list is Ola, which came in with $900 million in funding, while the smallest is Zomato, which secured $110 million in funding.
Here’s a swift look at the 10 maximum funded Indian tech startups in 2015.
Founder(s): Bhavish Aggarwal, Ankit Bhati
Type of Business: Taxi aggregator
Funding in 2015: $900 Mn
Investors: Tiger Global, Matrix Partners, SoftBank, Steadview Capital, Sequoia Capital, Falcon Edge Capital, DST Global, Didi-Kuaidi, Accel Partners, ABG Capital, GIC
Ola is among one of the fastest-growing businesses in the country right now. India’s largest taxi aggregator raised $500 million in funding in November, projecting it to the pole position in this roundup.
Founder(s): Vijay Shekhar Sharma
Type of Business: Mobile wallet and e-commerce
Funding in 2015: $890 Mn
Investors: Alibaba Group, SAIF Partners, Intel Capital, Reliance Capital
Valued $2.8 billion, Paytm is India’s most used mobile wallet. Paytm provides apps for shopping on almost every mobile platform. Paytm have over 100Mn registered users.
Founder(s): Sachin Bansal, Binny Bansal
Type of Business: Online retail
Funding in 2015: $750 Mn
Investors: Tiger Global, Accel Partners, Iconiq Capital, Naspers, DST Global, GIC, Morgan Stanley, Sofina, Steadview Capital, Vulcan Capital, Dragoneer Investment Group, Baillie Gifford, Greenoaks Capital, Qatar Investment Authority, T. Rowe Price
India’s most popular e-commerce marketplace, Flipkart is the most capitalized, valued at over $9.39 billion. Flipkart also acquired few companies like Myntra.com, LetsBuy.com etc., to better their presence in the market.
Founder(s): Kunal Bahl, Rohit Bansal
Type of Business: Online retail
Funding in 2015: $500 Mn
Investors: Temasek, BlackRock, Myriad Group, SoftBank, Nexus Venture Partners, Kalaari Capital, eBay, Bessemer Venture Partners, Intel Capital, Saama Capital, Foxconn, Alibaba, InnoVen Capital
With millions of users and more than 300,000 sellers, Snapdeal is the shopping destination for Internet users across the country.
Snapdeal acquired Freecharge, MartMobi, Exclusively, Letsgomo Labs, RupeePower,and Reduce Data this year. Snapdeal re-launchedShopo, an app-only zero commission marketplaces in July.
Founder(s): Albinder Dhindsa, Saurabh Kumar
Type of Business: Grocery delivery
Funding in 2015: $165 Mn
Investors: Sequoia Capital, Tiger Global, SoftBank
Grofers offers a wide collection of groceries, fruits and vegetables, cosmetics, electronics, bakery items, flowers and much more. Hyperlocal delivery platform Grofers raised $120 million in its series D round of funding. The two-year-old startup acquired MyGreenBox, Spoonjoy, and Townrush, all this year.
Founder(s): Pranay Chulet, Jiby Thomas
Type of Business: Online classifieds
Funding in 2015: $150 Mn
Investors: AB Kinnevik, Nokia Growth Partners, Matrix Partners, Omidyar Network, Norwest Venture Partners, Warburg Pincus, eBay, Tiger Global, Steadview Capital
The company also launched QuikrJobs, a recruitment platform for blue collar, grey collar and entry-level jobs in September.
Online classifieds website Quikr roll out a chat messaging feature last year and raised $150 million funding round in April.
7) E-com Express
Founder(s): TA Krishnan, K Satyanarayana
Type of Business: E-commerce logistics provider
Funding in 2015: $133 Mn
Investors: Peepul Capital, Warburg Pincus
Founded in 2012 by former Blue Dart employees, all of whom have deep expertise in courier and logistics industry, Delhi-based Ecom Express claims to service more than 2,800 pin-codes through more than 320 delivery centers and 8,000 employees in about 210 cities. E-com Express received a $133 million investment from private equity firm Warburg Pincus in last year.
8) Oyo Rooms
Founder(s): Ritesh Agarwal
Type of Business: Budget hotel accommodation
Funding in 2015: $125 Mn
Investors: Lightspeed Venture Partners, DSG Consumer Partners, Greenoaks Capital, Sequoia Capital, SoftBank, VentureNursery
OYO rooms received $100 million in funding from SoftBank in last year. OYO rooms are India’s largest branded network of hotels spread across 213 cities with 6500+ hotels offering standardized stay experiences at an unmatched price. OYO offers rooms at prices that no other player in the budget segment offers today.
Founder(s): Shashank ND, Abhinav Lal
Type of Business: Finding and booking doctors’ appointments/ Practice management for doctors
Funding in 2015: $120 Mn
Investors: Sequoia Capital, Matrix Partners India, Tencent, Sofina, Google Capital, Altimeter Capital
Practo.com has over 1,00,000 doctors listed from over 310 Indian towns and cities, with inclusive coverage from the metros of Bangalore, Mumbai, Delhi, Hyderabad, Chennai, Pune and Singapore.
Online healthcare platform Practo secured $90 million in its Series C funding in August 2015, and went on to acquire Insta Health and Qikwell.
Founder(s): Deepinder Goyal, Pankaj Chaddah
Type of Business: Restaurant discovery/ Food delivery
Funding in 2015: $110 Mn
Investors: Info Edge India Ltd, Sequoia Capital, Vy Capital, Temasek
Zomato is a restaurant search and discovery service founded in 2008 by Deepinder Goyal and Pankaj Chaddah. It currently operates in 23 countries, including India, Australia and the United States. The seven-year-old company has raised $223.8 million in eight funding rounds so far, having raised $60 million in its latest funding round in September 2015.
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