India Startup Investment
Key Poins
- Funding secured by startups hit a seven-year-low in 2023, backsliding to 2017 levels.
- Both funding amount and deal count witnessed a substantial decline, plummeting by 60% and 40% YoY, respectively.
- Despite the challenges, investors continued to show faith in the Indian startup ecosystem.
The capital drought continued to create considerable headwinds for the Indian startup ecosystem in 2023, affecting funding raised by new-age tech companies and slowing down the launch of new ventures. Funding secured by startups hit a seven-year-low, backsliding to 2017 levels. Indian startups raised a mere $10 Bn across 897 deals last year, down from the $13 Bn raised across 996 deals in 2017.
However, despite these challenges, optimism remains. Many entrepreneurs believe that funding troubles could start to taper off in the second half of 2024. India maintained its position as the third-largest global tech startup ecosystem, with more than 68,000 startups and 9,700-plus investors.
Investors are banking on this optimism to capture the next big thing in the Indian startup ecosystem. Additionally, there is a significant amount of funds raised between 2021 and 2023 that are still waiting to be deployed, providing further opportunities for startups.
Now, let's take a look at some of the top startup investors of 2023:
Top Startup Investors Of 2023
- AngelList India
- Founded in 2009 by Naval Ravikant
- Allows investors to contribute as little as $1,000 alongside accredited backers
- Rolled out an India-focused venture and angel fund in 2019
- Introduced the concept of a rolling fund in the US in 2020
- LetsVenture
- Founded in 2013 by Shanti Mohan and Sanjay Jha
- Startup investment marketplace
- Backed by investors such as Ratan Tata, Nandan Nilekani, and Mohandas Pai
- Facilitates startups seeking funding to develop investment-ready profiles
- Stride Ventures
- Founded in 2019 by Ishpreet Gandhi
- Venture debt firm investing in startups in various sectors including fintech and agritech
- Announced the first close of its third debt fund at $100 Mn in 2023
- Backed by institutional investors, including banks and insurance companies
- Alteria Capital
- Founded in 2017 by Ajay Hattangdi and Vinod Murali
- Mumbai-headquartered venture debt firm
- Announced 107 deals in 2023
- Looking to raise $80 Mn to $100 Mn for the shorter duration scheme of its third fund
- We Founder Circle
- Founded in 2020 by Gaurav Sanghavi, Neeraj Tyagi, Bhawna Bhatnagar, Deo Saurabh, and Vikas Aggarwal
- Angel investment networking platform
- Launched the Invstt app in 2023 to simplify the angel investing process
- GIFT City Fund raised $10 Mn in December 2023
- 100X.VC
- Founded in 2019 by Sanjay Mehta, Ninad Karpe, Shashank Randev, Yagnesh Sanghrajka, and Vatsal Kanakiya
- Early-stage VC firm
- Closed 62 deals in 2023
- Sector-agnostic fund investing in early-stage startups
- ah! Ventures
- Founded by Harshod Lahoti and Abhijeet Kumar
- Mumbai-based VC firm
- Backed 55 deals in 2023
- Curated sector-agnostic fundraising platform for early-stage startups
- Mumbai Angels
- Acquired by 360 ONE in January 2023
- Invests in early-stage startups in India
- Closed 55 deals in 2023
- Unveiled two new funds: an INR 1,000 Cr angel fund and an INR 300 Cr VC fund
- Marwari Catalysts
- Founded in 2019
- Startup accelerator
- Participated in 50 deals in 2023
- Focuses on untapped Tier II and Tier III cities
- IAN Group
- Launched in 2006 by Ruparel, Srivastava, and Raman Roy
- Indian Angel Network
- Announced 38 deals in 2023
- Led funding rounds for startups across emerging sectors
These investors stood out for their unwavering faith in the Indian startup ecosystem, announcing a substantial number of deals despite the challenging market conditions. They continue to play a crucial role in fostering innovation and growth in the Indian startup landscape.
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