Indian Startup Report [Funding Digest]: Q2 2013. Bangalore Leads In Number of Deals, Delhi Startups Raise More $$s

In over 60 deals, Indian technology startups raised more than $218 million between April 2013- June 2013, according to NextBigWhat Insights, the research arm of NextBigWhat.

Deals in the starup space have grown both in terms of volumes and value, with investments in e-commerce making a comeback in the quarter. Data analytics companies and Internet companies also added to the total deal value.

Nearly 23 companies of the 60 have not disclosed the amount of funds they have raised and it hasn’t been added to the total deal value.

In the previous quarter (Jan-March), around $174 mn was invested across 54 deals in 9 different categories in the startup space (See Indian Startup Funding Report Q1 2013)

The report for the second quarter tracked technology startups that raised funds from investors in the Internet, Mobile, E-commerce, IT services & other categories. More than 60 companies raised funds in the quarter from various investors at the angel seed level to series D.

Here’s a look at other findings of the report.

Indian Startup Report: City Wise Deal Volume Q2 2013
Indian Startup Report: City Wise Deal Volume Q2 2013

Among cities, Bangalore and Delhi attracted the most number of deals.

Indian Startup Report: City Wise Deal Value Q2 2013
Indian Startup Report: City Wise Deal Value Q2 2013

Delhi, Mumbai, Bangalore and Chennai attracted the must amount of money to their startups. While Bangalore had a higher number of deals, Delhi startups raised more funds.

Indian Startup Report: Industry Wise Deal Value Q2 2013
Indian Startup Report: Industry Wise Deal Value Q2 2013

Funds raised by e-commerce companies such as Homeshop18 ( $30 mn from OCP Asia Limited) Caratlane ($15 mn from Tiger Global) and Myntra ($25 mn from Accel Partners & Tiger Global) led to a spike in e-commerce investments in the quarter. Data Analytics also saw a spike in investor interest with companies.

Indian Startup Report: City Wise Deal Volume Q2 2013
Indian Startup Report: City Wise Deal Volume Q2 2013

The quarter saw the return of e-commerce investments, although in a limited fashion. Investments were mostly follow on rounds.