Early stage funding in Indian start-ups grew to Rs 693 crores: Report

The early-stage funding for start-ups in India increased from Rs 693 Crore in 2019 against Rs 334 Crore in 2018, a report said.

The research by InnoVen Capital showed that Bengaluru, the National Capital Region (NCR) and Mumbai are the major cities for start-up eco-system in India.
The report showed that investors are keen on investing in the initial stage as there was an increase in the share of pre-revenue funded startups from 12% in 2018 to 17% in 2019.
The report also revealed that investors continue to show a preference for backing more experienced founders.
Consumer internet, Artificial Intelligence, finance technology and ed-tech were seen as the most prominent sectors for early-stage investors.
Almost 50% of early-stage investors felt that the valuations in 2019 were on the higher side due to intense competition for quality deals, said the report titled “InnoVen Capital: Early Stage Investment Insights Report 2019”.
This report is based on early-stage institutional investors.

(With Agency Inputs)

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