According to the Indian tech startup funding report released by Inc42 earlier this week, over $5.56 Bn was invested across 452 Indian tech startups during the period January-June 2017. The startup sectors which received the maximum number of deals include fintech, healthcare and ecommerce.
Interestingly, in H1 2017, only 55 deals took place in ecommerce, with the segment hitting an all-time low. Edtech and hyperlocal took the fourth and fifth spot with 22 deals each.
In terms of the amount being invested, fintech sector topped the charts – with about $2 Bn funding and the ecommerce sector stood second with $1.9 Bn. However, healthtech slipped down to fifth place with $195 Mn funding. Transport and Logistics took the third and fourth spots, respectively, with $528 Mn and $271 Mn in funding.
Overall, fintech, ecommerce, healthtech, logistics, consumers services, and enterprise applications topped the funding charts for the first half of 2017.
Most Funded Sectors For H1 2017: Indian Tech Startup Funding Report
Prime Minister Narendra Modi’s demonetisation drive has given a ‘significant’ boost to the fintech sector in India. In H1 2017, over 62 deals took place and, combined, about $2 Bn was invested in Indian fintech startups.
Maximum investment in this segment took place at the late-stage with 27 deals and $2.5 Bn funding being raised. Mswipe, ItzCash, Paytm, Equitas Micro Finance India, and BillDesk raised maximum funding in fintech. MPoS (mobile point of sale), digital payments, and wallets were the sub-sectors which topped the funding charts.