2015 was virtually year of startups with Indian and foreign investors investing a massive $8.4 billion in about a thousand deals in new ventures including e-commerce platforms. And all this, despite rising concerns about high valuations of the startups.
Industry icons like like Ratan Tata and N R Narayana Murthy are among those who have invested in Indian startups, and so have global investors like Alibaba and Softbank.2015 was virtually year of startups with Indian and foreign investors investing a massive $8.4 billion in about a thousand deals in new ventures #
Nine hundred thirty six deals worth over $8.4 billion were signed in 2015 compared to 304 deals worth $5 billion signed in 2014, according to data compiled by domestic technology and startup blog trak.in.
Although the startup sector is buoyant, experts and some investors foresee a correction as far as valuations are concerned with the spotlight likely to be on sectors such as financial technology, healthcare and enterprise technology.
India's e-commerce sector, led by e-retailers like Flipkart and Snapdeal, and the taxi-hailing app Ola, dominated the startup investments space in 2015.
While many of these firms commanded very high valuations, a debate has begun over those figures at which many companies have received funding. (SH)
ALCHEMPro News Desk - India
marketing@alchempro.com
