India: most funded startup sector 2023 | Statista (2024)

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    Published by

    Aug 29, 2024

    In 2023, out of a total funding of around 10 billion U.S. dollars received by Indian startups, fintech startups received funding amount of more than three billion U.S. dollars, followed by Ecommerce with a funding of over two billion dollars.

    Leading startup sectors in India 2023, by funding (in million U.S. dollars)

    CharacteristicFunding in million U.S. dollars
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    Statistics on " Startups in India "

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    India: most funded startup sector 2023 | Statista (2024)

    FAQs

    India: most funded startup sector 2023 | Statista? ›

    Leading startup sectors in India 2023, by funding

    Read On
    Which startup got the highest funding in India? ›

    Most Funded Startups of India
    1. One97 (Paytm) Industry: Commerce and Shopping, Financial Services – Total funding: $4.4 Billion.
    2. Ola Cabs. Industry: Transportation – Total funding: $3.8 Billion. ...
    3. OYO. Industry: Travel and Tourism – Total funding: $3.2 Billion. ...
    4. ReNew Power. ...
    5. Snapdeal. ...
    6. Swiggy. ...
    7. BYJU'S. ...
    8. BigBasket. ...
    More items...

    Discover More Details
    How much investment in startups in India? ›

    Also, Indian startups have raked in approximately $9.6 billion in the first eight months of 2024. If this trend persists, overall funding is likely to comfortably surpass the $11 billion achieved in 2023. For context, Indian startups received $38 billion in funding in 2021 and $25 billion in 2022.

    Continue Reading
    What is the rate of startup growth in India? ›

    In 2023 alone, these startups created an impressive 3.9 lakh jobs, representing a remarkable 46.6% year-on-year increase and a substantial 217.3% growth over the past five years.

    See Details
    Which startup sector is growing fast in India? ›

    India's fast-moving consumer goods (FMCG) sector has been experiencing steady growth and is one of the booming sectors in India. According to IBEF, the Indian FMCG market is projected to reach US$ 220 billion by 2025, with a CAGR of 9.4% during 2020-2025.

    Find Out More
    Who is the richest startup owner in India? ›

    Zerodha founders Nithin and Nikhil Kamath were the highest paid startup founders of 2023. The top spot in which startup founder has the highest salary has been reserved by the founders of Zerodha - Nithin Kamath and Nikhil Kamath, who collectively took home an annual salary of nearly ₹200 crore.

    Tell Me More
    Which is the most valued startup in India? ›

    List of Top 110 Unicorn Startups in India
    Startup NameIndustryCurrent Valuation
    Urban CompanyHome Services$2.8 Billion
    BharatPeFintech Payments$2.9 Billion
    CarDekhoE-commerce Automotives$1.2 Billion
    LiciousE-commerce Meat Products$1.5 Billion
    51 more rows

    Show Me More
    Are Indian startups overvalued? ›

    Amid this, a lot of investors also felt that the startups in their portfolios were overvalued and started re-evaluating the valuations. This resulted in prominent backers of many Indian startups slashing the latter's valuations on their books.

    Explore More
    Which is a profitable startup in India? ›

    Startups like Avanse Financial Services, Go Digit, and ideaForge highlighted the spectrum of growth within the ecosystem, with substantial jumps in profits and revenues, reinforcing the potential for sustainable success even in a constrained funding environment.

    Continue Reading
    Which field has the most number of startups in India? ›

    Leading startup sectors and unicorns

    E-commerce, enterprise tech, and fintech remained the top-performing sectors in 2023.

    Show Me More

    What is the boom of startups in India? ›

    over the past decade perhaps is the rise of a dynamic startup ecosystem driving innovation across sectors. With over 1.28 lakh startups in April 2024, compared to just 450 in 2016, India proudly hosts the world's third-largest startup ecosystem.

    Read The Full Story
    What is the rank of India in startup? ›

    Prime Minister Narendra Modi speaking at the Startup Mahakumbh event said that India has emerged as the third-largest startup ecosystem in the world, boasting over 1.25 lakh startups and 110 unicorns. PM Modi emphasised that India is paving its way towards becoming a developed nation through timely decisions.

    See Details
    What is the largest source of funding for startups? ›

    The most common sources are:
    • Venture capitalists.
    • Incubators and accelerators.
    • Angel investors.
    • Small business loans.

    Get More Info Here
    What is the maximum amount of startup India scheme? ›

    The scheme provides funding between Rs. 10 lakh and Rs. 1 crore to SC, ST, and women entrepreneurs. However, considering the strict criteria, it is likely that many won't qualify under the scheme.

    Continue Reading
    Which Indian company has the highest profit? ›

    Which is the most profit making company in India? Reliance Industries Ltd emerges as India's most profitable company with a staggering net sales figure of 66,702.00 crore, showcasing its dominance and success in the market.

    View More
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