Venture capitalists invested close to $750 million in 90 Indian Internet and mobile companies in 2012, out of which e-commerce got the largest share followed by Advertising, Marketing & Analytics companies.
Sixty nine Indian startups raised $273 million in series A and 12 firms raised $85 million in series B. Including $150 million raised by ecommerce company Flipkart, nine companies raised a total of $392 mn in further rounds.
In the last 3 years, 52 eCommerce companies have raised close to $700 million venture capital and out of them, only 30 % could raise the next round of funds.
The Internet sector received $685 million across 76 companies and 14 mobile companies raised $64 million in 2012.
Investment across categories
Advertising, Marketing and Analytics = $128 million
Consumer & Travel = $72 million
eCommerce= $312 million
Information Services & Classifieds= $72 million
Media and Entertainment= $23 million
SaaS & Platform= $74 million
Payments= $8.3 million
Apps & Vas= $39 million
Mobile advertising and marketing= $20 million
*Data source: Allegro Capital research by Aravind G R and Deepak Srinath for NBW.
[This article is part of our 2012 Recap series, and is supported by CCAvenue.]
CCAvenue is India’s largest payment gateway solution powering thousands of eMerchants with real time, multi-currency, multiple payment options online payment processing services. The solution is powered by proprietary technology that integrates transaction-processing, advance shopping cart, auction payment collection facility, mobile page, risk assessment and fraud control, smart analytical dashboards, financial reporting and order tracking and many more features.