Indian startup investment is continuing to flow.
Healthier economic playing fields, a hungry tech market and keen investors looking to target a large consumer base forms a lucrative combination.
In particular, eCommerce groups in the subcontinent are seeing healthy investments, as seen by the top 2 startups on the list.
This aligns with the recent report highlighting the eCommerce market’s $137 billion valuation by 2020.
Furthermore, India as a whole is starting to lure big name investment publicly.
Amazon reiterated its commitment towards India by reportedly promising a $5 billion investment in the country – this is over and above the $2 billion the company had committed last year.
As Indian startup investment increases off the back of such promises, these 5 companies received the most funding in May.
Flipkart is an online shopping destination for India founded in 2007 by Sachin Bansal and Binny Bansal offering over 20 million products across more than 70 categories.
May’s large round of funding wasn’t a complete surprise; Flipkart is valued at $15 billion – a rise of $4 billion in 6 months representing one of the largest Indian startup investment stories to date.
Delhivery is another ecommerce company specializing in logistics service and operated by SSN Logistics Pvt Ltd.
The $85 million Series D round was lead by Tiger Global Management, having quite the run within the Indian ecommerce scene, hoping to expand the services that Delhivery provides.
The Indian bio-tech company raised $20 million in May after successfully showcasing its research capabilities on the global network. Using software products and services to update health sciences research, the firm now have 2000 research labs and 50 hospitals utlizing their business.
Sequoia Capital participated om the $16 million raised in Series B funding round by the Indian complaints startup.
The New Delhi team helps Indian consumers resolve their complaints against brands quickly by either contacting senior management teams or consumer forums, all with the aim to avoid legal proceedings.
Toppr is an Indian online preparation platform for entrance exams, developed and operated by Haygot Education.
This Indian startup investment was led by Fidelity Growth Partners India which brings its total funding received to over $12 million from 4 investors.