This article is an extract from Inc42’s recently released Annual Indian Tech Startup Funding Report 2017 which provides a meticulously detailed analysis of the funding trends, potential tech startups to enter the unicorn club in the Indian startup landscape, launch of new tech startup funds and Merger & Acquisitions (M&As) in the Indian startup ecosystem for the period 2014-2017. To read more articles of this report, click here.
After the 2016 funding winter, the year 2017 witnessed a lot of course-correction in all sectors, thereby building the investor’s trust over the Indian startups again. As a result, over 34 new tech startup funds were launched in 2017, raking in over $2.3 Bn funds, reveals Inc42’s Annual Indian Tech Startup Funding Report 2017.
The report also highlights the active contribution of the Indian corporate sector in setting up new startup funds. Of the 34 newly launched funds, 21 funds were launched by corporates while six funds were led by the Indian government or government bodies.
Besides these new funds, over 14 existing startup funds raised a new fund for India investments or disclosed plans of raising a new fund with a combined corpus of $986 Mn.
Also, the report identifies 10 new startup funds which are yet to be launched to invest in the Indian tech startup ecosystem, including the likes of VC Fund Vedanta Group Founder ($1 Bn), Sandeep Aggarwal Family Fund ($3 Mn), The Fundamentum Partnership ($200 Mn), HDFC Bank Startup Fund ($30 Mn), Xiaomi Startup Fund ($100 Mn) and more. Interestingly, of the upcoming tech startup funds, five are corporate funds.