This article is an extract of Inc42’s recently released Indian Tech Startup Funding Report H1 2018, which provides a detailed analysis of the funding trends, VC funds analysis, and mergers and acquisitions (M&As) in the Indian startup ecosystem for the period January-June 22, 2018. To read more articles of this report, click here.
According to the Inc42 Datalabs’ Indian Tech Startup Funding Report H1 2018, till June 22, $3 Bn was invested across 372 deals — a 47% decline in the total funding amount and a 17% drop in the number of deals as compared to H2 2017.
The sector-wise breakdown of deals revealed that enterprisetech, fintech, and ecommerce witnessed the maximum number of deals in H1 2018. Inc42 Datalabs revealed that 46% of the total funding of $3 Bn in H1 2018 went to fintech and ecommerce alone.
The fintech sector marked a sweeping victory, occupying the first spot in terms of tech startup funding in H1 2018. Fintech startups raised a combined funding of $631.29 Mn across 70 deals in H1 2018.
The second spot was taken up by enterprisetech, which raised $345.06 Mn from 70 deals, while the third spot was notched by ecommerce with $786.87 Mn funding across 49 deals.