Venture capital finance in India has reached a matured stage, where it has successfully spread across all the sectors of the country. According to a report, Ninety-five percent of exits in 2018 (till date) were through acquisitions, up from 78 % in the same period in 2017. While observing carefully around 40 per cent of the acquisitions were made by VC-backed Indian start-ups. This is a clear sign of the positive start-up ecosystem.
There are many interesting revelations for VCs that were active in 2018. Venture capital firm, Blume Venture Advisor funds which often choose early-stage seed, startups and later stage investments. It also backs startups with both funding as well as active mentoring and support. It has invested in startups such as Bengaluru-based car repair and servicing startup Pitstop, Gurugram-based healthcare analytics startup THB and Mumbai-based wedding startup The Wedding Brigade, among others. Accel Partners invested in web testing platform BrowserStack, ZINIER, an enterprise field operations startup, and Bengaluru-based bike rental platform Wicked Ride, among others. Bengaluru-based hyperlocal subscription-based delivery startup DailyNinja, Mumbai-based organic juice startup Raw Pressery, and FreeCharge founder Kunal Shah’s new venture, among other investments.
With more than 14,000 recognised startups, India has the third largest startup ecosystem in the world. How ? The registration of another 8,200 startups this year with the Department of Industrial Policy and Promotion. Aiming to create a niche for itself in this bustling space, the Government of Goa has its sigh set on becoming one of the most preferred startup destinations in India and making it to the list of top 25 startup destinations in Asia, by 2025.