130 Start-ups in India to Raise $700 Million in a Year and Create 5,000 Jobs
Start-up companies in India are expected to raise $700 million and create 5,000 jobs in next 12 months, as per India Startup Outlook Report 2016 by InnoVen Capital.
"About 130 companies are expected to raise $700 million in the next 12 months," said the report.
InnoVen Capital India has provided over 100 loans to 70 companies across early to mid-growth stage that include Snapdeal, Freecharge, Myntra, Practo, Portea, PepperTap, Byju's, Faasos, Capillary Technologies and Manthan Systems.
As per the report, an industry-wise analysis revealed that irrespective of funding stage, consumer internet and e-commerce are the most popular segments and from a hiring perspective, 97% start-ups felt they were likely to hire new employees where on an average 28% would be on the technology front.
...