With an improvement in its ease of doing business and tech regulation, India is fast emerging as the next startups and innovation hub in the world. The thriving startup ecosystem has been attracting a record amount of capital flow from domestic as well as foreign investors like never before.
Indian tech startups have raised about $12.3 billion in last one year (till September) across 1,025 rounds, as per research firm Tracxn data. This year figure shows a significant jump from last year’s $10.5 billion investment.
In September alone startups attracted $611 million investment across 74 funding rounds. Accel and Sequoia India emerged as top investors. Among the top funding rounds, last month include Delhivery ($115 Mn), Lenskart ($55 Mn), Spinny ($50 Mn) and Glance ($45 Mn).
In the last quarter alone, startups attracted around $3.2 billion out of 241 deals.
As per the data, consumer-based financial services got over 8.2 billion venture capital investment. The retail and enterprise services got around $2.3 billion and $1.5 billion, respectively.
The latest report highlights the rise of startups ecosystem in more than one dimension.
Recently, India also improved its Ease of Doing Business (EoDB) jumping 14 places to the 63rd position, out of 190 countries. In the last couple of years, the govt has claimed to have removed many archaic laws that were hampering India global image as one of the safest investment destinations.
The country has also witnessed improvement in its global innovation index and patent filings.
Of late, there has been an upsurge in the number of women-led startups, which is encouraging for the startup ecosystem.
Out of 150 startups that raised investment in first half of this year, 17% are led by women entrepreneurs, according to Venture Intelligence data.