Average Size of Startup Funding Up 27% to Rs 4.6 Cr: Report
The average size of Startup Funding received from angel investors grew 27 per cent to Rs 4.67 crore in 2015, from Rs 1.06 crore in 2009, a report said.
Also, the average investments made by these angel investors individually saw an annual growth rate of 34 per cent from Rs 0.21 crore in 2009 to Rs 1.69 crore in 2015, according to the '2016 India Venture Capital and Private Equity Report on Start-Ups' by Indian Institute of Technology, Madras (IIT-Madras).
"Start-ups have an important role to play in the modern innovation economy. The national government has recognised this and start-ups have emerged as a focus area for policy making now," IIT Madras Director Bhaskar Ramamurthi said.
This report provides an interesting commentary on the trends in start-ups and the start-up ecosyste...
