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10 Early-age Start-ups that Received Maximum Funding in Last 12 Months

21/08/2016
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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.

1) Ola

Founded: 2011

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

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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.

2) Paytm

Founded: 2010

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

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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.

3) Flipkart

Founded: 2007

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

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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.

4) Snapdeal

Founded: 2010

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

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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.

5) Grofers

Founded: 2013

Founder(s): Albinder Dhindsa, Saurabh Kumar

Type of Business: Grocery delivery

Funding in 2015: $165 Mn

Investors: Sequoia Capital, Tiger Global, SoftBank

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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.

6) Quikr

Founded: 2008

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

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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

Founded: 2013

Founder(s): TA Krishnan, K Satyanarayana

Type of Business: E-commerce logistics provider

Funding in 2015: $133 Mn

Investors: Peepul Capital, Warburg Pincus

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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

Founded: 2013

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

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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.

 9) Practo

Founded: 2008

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

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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.

10) Zomato

Founded: 2008

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

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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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