Investment in Indian startups in 2016 was less than half of Flipkarts total funding

Key Highlights

• Flipkart raised $2.5 billion from Softbank group.
• This was the largest round of funding in India’s tech space.
• Flipkart took five spots among top 10  ‘mega’ funding rounds.

Home grown e-commerce firm, Flipkart recently closed one of its largest rounds of funding in the Indian technology space in August 2017. The company is now one of the most ‘well-funded’ startup in India and valued at $11.6 billion.

The company founded by Binny Bansal and Sachin Bansal, raised nearly $2.5 billion from Softbank Vision Fund which then became the largest shareholder in Flipkart.

Flipkart, which is considered the most ‘well-funded’ startup in India took five out of 10 places in the ‘mega-rounds’ of funding, a report by CB Insights said on August 18.

“In total, 2016 brought in just $3.39 billion in funding to Indian tech startups, lower than totals in both 2014 and 2015. To put that in perspective, all of the money invested into Indian startups in 2016 is less than half of Flipkart’s total funding,” the report added.

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