The money needed to establish and run a startup company is called funding. It is an angel investment aimed at production enhancement, expansion, sales and marketing, distribution, etc., of a startup.
While some startup companies prefer to seek external finance, others rely on private funding to prevent debts and equity dilution.
Most companies raise money as they expand their business. Given below are the top 10 startups in India today based on funds raised:
Top 10 Startups
Dream11
Dream Sports, the parent company of fantasy gaming platform Dream11, received $840 million in a deal valued at $8 billion last year, as per reports. The investors include Falcon Edge, Tiger Global, etc.
Swiggy
Earlier this year, Swiggy secured $1.25 billion from SoftBank Vision Fund II and previous investors Proses (formerly Naspers), Accel, and Wellington Management, as per reports.
This was the company’s largest fundraising round since its founding. The firm is now worth $5.5 billion.
Livspace
Livspace, a platform for home and interior design, has secured $180 million in a Series F round as per reports, which was headed by private equity firm KKR and included participation from many previous backers.
Which including Ingka Group Investments, Jungle Ventures, Venturi Partners, and Peugeot Investments.
Razorpay
Last year, fintech unicorn Razorpay secured $375 million at a valuation of $7.5 billion in Series F fundraising from Lone Pine Capital, Alkon Capital, and TCV, as per reports.
Tiger Global, Sequoia Capital India, GIC, and Y Combinator were some of the other investors in the round.
Since its founding, Razorpay has successfully raised $741.5 million.
Chargebee
According to media reports, on February 2, 2022, Tiger Global and Sequoia Capital co-led a $250 million investment round for Chargebee, an enterprise-focused subscription management platform.
After the financing, the company’s valuation increased to $3.5 billion.
Xpressbees
Pune-based startup in logisticsTo become a unicorn, Xpressbees secured $300 million fundraising round on February 9, 2022. According to reports, the firm’s most recent fundraising valued it at $1.1 billion.
Private equity firms ChrysCapital, TPG Growth, and Blackstone Growth took the lead in the fundraising round.
Oyo
OYO has secured $3.1 billion from worldwide institutional investors on January, 13, 2022. The funds would be used to reduce debt and for additional business initiatives, as per reports.
The offering was oversubscribed 1.7 times. The business got pledges totaling over $1 billion from major institutional investors.
Pepper Content
Pepper Content has raised $14.3 million in a funding round led by Bessemer Venture Partners, as per reports.
Pepper Content is a comprehensive content marketplace that links content producers with organizations that need content.
Delhivery
In May, logistics and supply chain company Delhivery secured $301 million from 64 anchor stakeholders ahead of its initial public offering (IPO), as per media reports.
BYJU’S
In March 2022, ed-tech platform BYJU’S raised $800 million in a round of investment led by founder and CEO Byju Raveendran, as per reports.
Sumeru Ventures, Vitruvian Partners, and BlackRock are among the investors who contributed. Raveendran made a personal contribution of $400 million.
Final Thoughts
In this article, we learned about the top 10 startups in India currently based on funds raised.
Funding enhances a startup’s profile and attracts interest. It adds value to the firm and shows potential partners, customers, and investors that the business is worth investing in.