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Indian tech startups raised a record $14.5B in 2019

  • TechCrunch
  • 5 months ago

Indian tech startups have never had it so good. Local tech startups in the nation raised $14.5 billion in 2019, beating their previous best of $10.6 billion last year, according to research firm Tracxn.

Overall, there were 81 financing deals of size between $25 million and $100 million, up from 56 last year and 36 the year before, and 27 rounds above $100 million, up from 17 in 2018 and and 9 in 2017, Tracxn told TechCrunch. Also in 2019, 128 startups in India got acquired, four got publicly listed, and nine became unicorns.

176 horizontal marketplaces, more than 150 education learning apps, over 160 fintech startups, over 120 trucking marketplaces, 82 ride-hailing services, 42 insurance platforms, 33 used car listing providers, and 13 startups that are helping businesses and individuals access working capital secured funding this year. Fintech startups alone raised $3.2 billion this year, more than startups operating in any other category,

Indian tech startups raised a record $14.5B in 2019

Chinese app developers have invaded India

  • FactorDaily

There were 19 Chinese apps in Top 100 free apps on Google Play Store in India in Dec'17. That number has gone upto 44 within just a year, and the trend isn't stopping. Five out of the top 10 mobile apps in India are Chinese — vs 2 at the end of 2017.

 Chinese app developers have invaded India