Indian Startups
Indian startup sector sees significant drop in deal activity in 2023
Overall, there was a 39 per cent decrease in the number of deals and a 68 per cent decrease in their total values, according to Grant Thornton Bharat's ‘Q3 Deal tracker Report.’
20 CEOs at Indian startups quit this year amid regulatory concerns, funding winter
Data compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join a new firm or continue in the same company in a different role.
Indian startup workers get average salary hike of 8 to 12% in 2022-23: Report
According to the venture capital firm Elevation Capital, the performance of employees continued to hold 50 per cent of the weightage on salary increments while taking on additional responsibilities and receiving a promotion factored in about 20 per cent.
Indian startups faced 70% drop in funding in FY23 to $15 bn
"The increasing cost of capital and interest rates, recession in developed markets, a decline in the value of tech stocks, and the slowdown in consumer internet growth have all been challenges for sustained funding," said Mohit Rana, partner at Redseer. There are about 100 unicorns and less than 400 public companies with a market cap of more than $1 billion in the country.
Startups in India will increase 10x in next 4-5 years: MoS IT
In his address at the JIIF 6th Foundation Day and Investors/Startup Conclave in Hyderabad, IT Rajeev Chandrasekhar highlighted India's remarkable progress in building unicorns and startups
India's total addressable startup market could only be 10 cr: Zerodha CEO
Addressing the gathering at the startup conclave organised by Money Control in Bengaluru, both the founders stressed that investors and founders may have overestimated the potential size of the Indian market. “The actual monetisable market size is a subset of 100 million. India is a developing country and evolving very fast, but as of now it is a subset of 100 million," said Kamath.
India likely to see 147 unicorns in next 5 years: Report
India is currently home to 83 unicorns, 51 gazelles (most likely to go unicorn within three years) and 96 cheetahs (to achieve unicorn status in five years), according to the 'ASK Private Wealth Hurun India Future Unicorn Index 2023' report. It is a ranking of India’s startups founded in the 2000s, worth at least $200 million, not yet listed on a public exchange and most likely to ‘go Unicorn’ in the next five years.
Less than 1 in 3 startups that attract seed funding manage to raise follow-on funding
Out of the over 2,500 startups that had raised seed funding between 2015 and 2022, only 29 per cent (i.e., 734 companies) managed to raise a Series A round (typically the first round of institutional Venture Capital funding), the study titled 'Series A Landscape Report' found.
4QFY23 to be strong quarter for Indian FMCG companies
Our channel checks also confirm this trend. Rural growth has remained sluggish while urban consumption has also softened. We expect most companies in our staples coverage to report double-digit EBITDA growth helped by sales growth and margin improvement. While general consumption trends remained muted, we expect 4QFY23 to be a strong quarter for Indian FMCG companies, as the benefits of past price hikes should drive double-digit revenue growth, while the cool-off in raw material prices and lower than usual advertisement spends should help margins, BNP Paribas India said.
Raj Neervannan-cofounded AlphaSense raises $100 mn, bullish on India
Existing investors, including the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors, also participated in the round. This investment, said the company, will fuel the continued deployment of AlphaSense's advanced AI capabilities, including generative AI that dramatically speeds up the research process for business and financial professionals.
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