Years 2005-10 showed immense growth in a number of startup stories. Let’s have a look at some of the startups that have made an unmatched space across the globe. Here they are:
Freshdesk: Founded in 2010 by Girish Mathrubhootam and Shan Krishnaswamy, the venture in no time gained the attention of some of the leading VCs in India. Being formerly started in a small room, today it has space at one of the swankiest lanes of Chennai, IT Highway.
Zoho: Sridhar Vembu founded Zoho Corporation, and despite being a co-founder of the Zoho office suite lately, he is largely known and recognized for building the multi-million dollar Zoho Corporation from scratch. Needless to say, Zoho is competing flawlessly with tech giants like Oracle, Microsoft, and Google etc.
PolicyBazaar: Completing a decade of success, the team PolicyBazaar recently organized an event named ‘UnBeat10’ to celebrate their success with previous and current employees. Also, the company announced that it’ll be generating 2500 more jobs in the FY 2019 and has shown 100% YoY growth. Well, that’s staggering!!
Flipkart: Another startup to complete a decade this year, Flipkart needs no distinct introduction. The Indian eCommerce giant got recently acquired by Walmart for $16 billion. Being started by Sachin and Binny Bansal in the year 2007, the company showed remarkable growth by delivering 3,400 products successfully.
Zomato: Started in 2008, the restaurant search and discovery app have in and out information of more than one million restaurants located in 23 countries across the globe. Though initially, it started under the name of Foodiebay.com, within just two years, it didn’t just transform its name but the entire online world of foodies.
The startup ecosystem in India witnessed the surge in 2015 with over 600 companies acquired funding; fetching over US$ 2bn from by PE and VC funds. Few of the big deals include Warburg Pincus’ that invested in Ecom Express, while Rocket Internet AG and Goldman Sacs drove big investments in Foodpanda. The Tiger Global and SAIF Partners’ investment in Little Internet can’t be neglected as well.
Barring the US$ 2bn start-up space deals, the tech space also experienced big funding in 2015 that saw US$ 700mn in Flipkart by Sequoia Capital & Steadview Capital, US$ 500mn in Snapdeal by Alibaba, Softbank & others, and over US$ 1100mn in Olacabs by a group of investors including Tiger Global, Softbank, DST Global, etc.
Funding acquired by Indian startups over a period of time
Image Source: economictimes.indiatimes.com
Image Source: economictimes.indiatimes.com
Another fairly huge investment took place with Quikr, Grofers, Jabong, Shopclue , Pepperfry and Oyorooms. The cumulative funding for all crosses US$ 100mn mark. Investment momentum took off after 2012 in startups, witnessing an increase in investment values at a CAGR of more than 75% between 2011 and 2015 while investment volumes have increased at a CAGR of over 80% in the same period.
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