Magazine : 
Significant Traction in Start-Up Investments In 2015: Grant Thornton
NEW DELHI: Investment momentum in startups has witnessed a rapid rise in the last five years and in 2015, over 600 companies got funded with more than $2 billion being deployed by PE and VC funds.
According to assurance, tax and advisory firm Grant Thornton, investment values increased at a compounded annual growth rate (CAGR) of more than 57 pct between 2011 and 2015 while investment volumes increased at a CAGR of over 62 pct
"2015 witnessed the maximum traction in this space with over 600 companies getting funding; more than $2 billion being deployed by PE and VC funds," the report said.
Sectorwise, consumer focused startups attracted maximum investments in 2015 receiving a cumulative funding of $1,290 million.
Substantial interest was also generated in the logistics segment with $262 million investments largely driven by investments in e-commerce logistics players, the report said.
The report noted that the Indian startup ecosystem has evolved, being driven by factors such as growth in number of funds/angel investors, evolving technologies, smart phones and the social media penetration.
The top deals in 2015 include investment of $700 million in Flipkart by Sequoia Capital and Steadview Capital, $500 million in Snapdeal by Alibaba, Softbank & others, $1,100 million in Olacabs by a group of investors including Tiger Global, Softbank, DST Global etc.
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