7 Biggest Events That Defined Indian Startup Industry In 2015
$100-million club rises three-fold:
More than thousand domestic startups led by internet companies, raked in at least 35,000 crore in funding in 2015, making it the best year for anyone with a good business idea to start a company. The club of companies valued at $100 million or more expanded three-fold in 2015 as compared to 2014.
Alibaba Makes Big Entry In India:
China's Alibaba Group and affiliate Ant Financial have become the largest shareholders of One97 Communications, the parent of Indian etailer Paytm, by investing $680 million, underlining the ambition of the world's largest ecommerce company to gain a stronger foothold in the country's surging Internet retail space. Its founder Jack Ma made their first investment in India in February then, Shenzhen-based Tencent invested in healthcare startup Practo.