It has been a fantastic year for Indian startups.
Over the past year over $7.5 billion has been invested in around 650 deals surrounding early stage Indian startups and late stage companies and the bulk of that was found in Q3.
This also represents a 200% growth rate compared to the same period in 2014, but these impressive figures haven’t happened by accident.
The acceleration of investments was helped by several VCs raised new and larger funds which led to faster deployment, combined with a surge of late stage capital becoming available that boosted investor confidence, whilst a boost of hyperlocal and mobile-led startups stirred more investment rounds.
These top 5 Indian startups are part of this south Asian wave, and all ended Summer on an important financial step.
First on the list is, of course, Flipkart, the online shopping destination for electronics, books, music and movies.
$700 million raised in August brings Flipkarts total funding received to over $3 billion, over 12 rounds and 16 investors, including Accel, Naspers and Tiger Global Management.
The company is now 8 years old, offers over 20 million products across 70 categories.
Another strong investment round in the top 5 Indian startups list is Pepperfry, the home furniture and living products site.
It’s $100 million Series D round, from Goldman Sachs, will help cofounders Ashish Shah and Ambareesh Murty expand its logistics footprint in tier-3 and Tier-4 cities, from their headquarters in Mumbai.
The company’s logistics network covers 300 cities at the moment, however they want to add over 500 more to this and open new distribution centres whilst expanding its carpenter and assembly service network.
A&A Dukaan Financial Services, Little Internet and Robemall Apparels all complete the top 5 Indian startups list with their funding rounds of $60 million, $50 million and $50 million respectively.