homemarket Newsdata News

Indian startups raised more money than IPOs in 2018

Indian startups raised more money than IPOs in 2018

Indian startups raised more money than IPOs in 2018
Profile image

By Jyotindra Dubey  Dec 27, 2018 12:07:16 PM IST (Updated)

The year 2018 ended on a good note for the Indian startup ecosystem. Just a few days ago, the online food delivery startup Swiggy, which entered the ‘unicorn club’ earlier this year, raised $1 billion in a fresh round of funding led by existing investor Naspers.

Recommended Articles

View All

Earlier this year, the hospitality chain startup OYO Rooms also received $1 billion from its existing investors that include SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners and others.
India, which is home to third-highest number of startups in the world after the US and Israel, saw a total of $6.55 billion (around Rs 44,940 crores) venture capital (VC) funding coming in during the year through 697 deals, almost doubled from $3.77 billion (around Rs 24,347) in the previous year, according to the data sourced from VCCEdge, the data research platform of News Corp VCCircle.
The VC funding during the year also surpassed the amount raised by the listed Indian companies through the primary capital market through Initial public offers (IPOs).  During the year 2018, around 25 companies floated IPOs raising around Rs 34,117 crores (around $5 billion) from the investors, less than half of Rs 77,228 crores (around $ 11.88 billion) raised in the previous year.
Bandhan Bank was the biggest IPO of the year which raised around Rs 4,473 crore (around $652 million). Bandhan Bank was followed by Hindustan Aeronautics, which raised Rs 4,144 crores (around $ 604 million), while ICICI Securities raised around Rs 4,017 crore (around $586 million).
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers