Bengaluru topped the list of Indian cities attracting startup funding. Delhi-NCR, despite housing the highest number of startups, holds the second spot.
Eight startups became unicorns in the first nine months of the previous year, including BigBasket, Delhivery, Ola Electric, US-based SaaS firm Druva Software, US-headquartered Cloud-based software developer Icertis Software, gaming startup Dream11, healthcare startup CitiusTech and logistics startup Rivigo.
According to data by YourStory Research on Indian startup ecosystem and January-September 2019 funding, investors expect India’s next batch of unicorns to emerge from the pool of B2B startups, building global solutions and attracting marquee investors like Tiger Global due to their scalability and market opportunity.
As per YourStory Research, Oyo is the top acquirer by M&A deal size, while Reliance Industries is the top acquirer by M&A deal volume.
The top 10 VCs list contains several familiar names, while Tiger Global, Lightspeed, and IAN made their entry in last year’s period ending September.