Everything You Need to Know about India’s Venture Capital Market

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Paytm

In November 2019, Indian fintech company, Paytm, raised a further $1 billion (£778 million) in a new round of financing. The Series G round of funding comes as the company prepares for an initial public offering in the next 24 months. Backed by SoftBank Vision Fund, Ant Financial, and Discovery Capital, Paytm currently has an estimated value of around $16 billion (£12.4 billion).

Oyo

In October 2019, Oyo sold back shares to the founder of SoftBank in a deal worth a reported $1.5 billion (£1.16 billion). This brings the company’s worth to around $10 billion (£7.8 billion).

Udaan

July 2019 saw the small business online marketplace, Udaan, secure an additional $500 million (£388 million) in funding. Industry experts anticipate that the deal doubled the company’s value to around $2.2 billion (£1.7 billion).

Delhivery

In a fresh round of funding, Delhivery attracted a further $413 million (£321 million) in funding in March 2019. This increases the company’s valuation to over $1.5 billion (£1.16 billion).

Lenskart

In a further funding round in December 2019, SoftBank invested approximately $275 million (£215 million) in Lenskart. This increases the company’s value to an estimated $1.5 billion (£1.16 billion).

PharmEasy

In November 2019, e-pharmacy startup, PharmEasy, raised $220 million (£171 million) in a fresh investment round led by Temasek Holdings Pte. According to industry experts, the development represented the largest fundraise by an online pharmacy startup in India to date, taking PharmEasy’s value up to around $506 million (£393 million). The industry is worth an estimated $55 billion (£43 billion).

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Nicole Junkermann

Nicole Junkermann

Nicole Junkermann is a self-made, international entrepreneur and investor.