2016 Review of Top 10 Funded Startups - ToOLOwl
Tuesday , August 21 2018

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2016 Review of Top 10 Funded Startups

2016-Review-of-Top-10-Funded-StartupsStartups have started to pay attention to sustainable model and investors have started backing companies that solve problems at a macro level instead of following hyperlocal buzz. While some insist that the trend of startup has not completely evolved, the fact remains that getting listed in the investor money completely depends on the business problem-solving ability. The following is the 2016 review of top ten funded startups.

Ibibo Group

China’s leading internet firm Tencent and global Internet and Media Company Naspers together extended their support and funded Ibibio group with $250 Mn in the month of February in 2016.

Snapdeal

Snapdeal raised its funding from Ontario Teachers’ Pension Plan, a Canada-based pension fund, Iron Pillar, a venture capital fund, Brother Fortune Apparel, a Singapore-based investment entity and Bennett Coleman & Co> the funding was worth $200 Mn which increased the company’s value to around 7 billion. The other investors in the company are Ratan Tata, Foxconn, Intel Capital, Temasek, BlackRock, Bessemer Venture Partners, eBay, and Premji Invest.

Make My Trip

With the help of its convertible bonds, MakeMyTrip, the online travel company raised up to $180 Mn in January 2016. These funds were infused by Ctrip.com International Ltd, one of the leading provider of travel service in China.

Read Also: 10 Steps to Get Your Startup on Track

Hike

The Indian messaging startup Hike in the Series D round raised a marvelous $175 Mn fund. These funds were invested by Bharti, Softbank Group, Tencent Holdings, Tiger Global, and Foxconn Technology Group. After the investment, the value of the company raised to $1.4 Bn.

OYO

OYO was successful in raising a whopping amount of $162 Mn from its two rounds of funds. The first round on April 2016 raised $100 Mn while the second one raised $62 Mn in August with the support of Greenoaks Capital, Lightspeed Venture Partners, DSG Consumer Partners, Sequoia Capital, Venture Nursery and Softbank.

BigBasket

Raising a fund of $150 Mn in March 2016, BigBasket entered the $100 Mn fundraiser club. The investors of BigBasket included International Bessemer Venture Partners, Abraaj Group, Ascent Capital, Sands Capital, Finance Corp., Zodius Capital, and Helion Advisors,

Car Trade

Car Trade is the only auto classified company that enters the top ten list. It was able to raise $145 Mn from March Capital, a US-based investment firm, Warburg Pincus, its existing investor, and Temasek Holdings.

BYJU’s

BYJU’s raised funding in three rounds. The first round in March 2016 raised $75 Mn, the second round raised $50 Mn in September, and the last round in December raised a fund which remains undisclosed. The investors in BYJU’S include Times Internet Ltd, Sofina, Lightspeed Ventures, Chan Zuckerberg Initiative (CZI), International Financial Corporation (IFC), and Sequoia India.

Read Also: Decision Making Lessons Learnt After Working With 17 Startups

Shopclues

 

Shopclues, an e-commerce startup raised from Nexus Venture Partners, GIC, and Tiger Global Management an amount of $100 Mn. This funding propelled the company into the billion-dollar club with a valuation of $1.1 Bn.

Fractal Analytics

Fractal Analytics, a data analytics startup company was able to easily raise a funding of $100 Mn from Khazanah Nasional Berhad, raising the value of the company to $300 Mn.

The Bottom Line

In the upcoming future, we hope that the investors’ confidence and trust in startups grow. Is it a matter of doubt, if the new startups would make it the top ten list in 2017. The answers lie in the upcoming months and we need to do is just wait and watch.

About ToOLOwl

I am ToOLOwl. I have few friends in my nest; whenever someone requests a tool’s review or I pick a one out of my interest, someone in the nest does research on the tool, someone takes a tool’s walkthrough and some of them share their experiences and expert advice. Based on all; I give it a  stereoscopic vision and present important insights for you to go through and ease your selection process for tools. Wish you Happy reading, Easy choosing.

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