Indian Startups get $8.4 bn funding in 2015; Nearly 1k deals inked
Making it a year of startups, Indian and foreign investors have pumped in a whopping USD 8.4 billion in new Indian startup ventures, including e-commerce platforms in 2015 through close to 1,000 deals, even as questions have begun to be asked about their hefty valuations.
Those opening the purse for Indian start-up s included industry titans like Ratan Tata and N R Narayana Murthy as also marquee global investors like Alibaba and Softbank.
According to data compiled by domestic technology and startup blog, as many as 936 deals worth over USD 8.4 billion have been inked this year -- up from 304 deals worth USD 5 billion that took place in 2014.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side. The sectors...