Tech & Tech Enabled Companies Raised $437 mn Funding in Jan-Mar 2014

VC Funding in India: Technology and tech enabled companies raised over Rs 2626 cr ($437 mn) in the first 3 months of 2014.
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Category Table Q1CY14

Technology and tech enabled companies in India raised over Rs 2626 cr ($437 mn) from venture capitalists and other investors in the first 3 months of 2014, according to the data we’ve compiled.

Out of the 58 deals that were made, a disproportionate amount of funding was usurped by the e-commerce companies. Of the investments we tracked, 19 did not disclose the amount of funding they raised and hence was not added to the total funding amount.

Besides e-commerce, Enterprise and Internet companies raised considerable amount of money. By enterprise, we mean companies that are selling software or services to other companies. And Internet includes online classifieds, which saw very strong investor interest in the three months between January – March 2014.

Deal Volume by Category

Notable deals in the e-commerce category were Bluestone’s $10 mn fundraise and Snapdeal’s $133.77 mn funding. A new area where we are starting to see some interest is Media. The angel funding raised by new media company Oximity was one such. We’ve counted Truecaller’s $18.8 mn Series B in the report as the funding was done by Sequoia Capital India.

 

Deal Value by Category Q1CY14

By volume, Bangalore maintained its lead followed by Chennai. What is notable here is that Indian investors are now also looking at global companies. The Truecaller investment by Sequoia (read why) and London based Oximity are examples.

Deal Volume by City Q1CY14

Deal Value by City Q1CY14

City Table Q1CY14

By value, NCR based companies raised more money followed by Bangalore. The notable investments were Quikr’s $90 mn fundraise in Mumbai and Snapdeal in NCR. Myntra, Bluestone and Firstcry were notables in Bangalore. The IPO of fashion retailer Koovs at the junior exchange in London hasn’t been added in this report.

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