In May 2016, we saw a number of changes in the existing trends of the Indian startup ecosystem. Health-tech was the most favoured sector for investment, hyperlocal players showed strong survival instincts and also acquired smaller players. Given our data driven mindset at Inc42 Datalab, we collected and analysed data for the month of June.
Around 90 startups got funded in June 2016, 3.4% more as compared to last month (May 2016) and 18.4% more as compared to June 2015. This month ecommerce has levelled with health-tech as the most favoured funding sector, suggesting last month’s finding might have just been a temporary dip in the trend. Furthermore, number of acquisitions has decreased by 13.3% as compared to last month and increased by 30% as compared to June 2015. 2 mergers, 4 acqui-hire, and 7 acquisitions were observed this month.
Let’s see what we found!
Fading Million Dollar Cheques In Early Stage Is Only For Q1 2016
Finally we have a quarterly trend to confirm that the observed trend of fading million dollar funding in early stage startups was applicable just for Q1 of 2016. The general trend as observed since Q1 of 2015 holds true.
Bangalore Neck And Neck With Delhi
For the last two months, we observed Delhi to be the top city in terms of number of startup funding deals. The trend also suggested a saturation for Bangalore ecosystem. But, this month Bangalore has once again taken the lead, but just by 12%. Whether it would be able to challenge Delhi’s newly established position as top startup destination is unknown.