It is a do or die scenario for startups. There have been so many startups cropping up with no dearth of innovation or ideas but a certain lack of funding from investors. It is risky to invest in budding entrepreneurial ideas at a time when startups close as quickly as they are set up. A lot of startups have now had to up their performance and show promising growth in order to attract more funding opportunities from investors.
In a report published by Economic times in partnership with Tracxn, the top funded companies in the last six months have been listed. Although, it is not really a startup, Ibibo is a part of the list primarily because what it does has repercussions for the entire startup ecosystem. Ibibo tops the list as the top funded company with its parent Naspers pouring $250 million in investment.
Ibibo has come up with a very interesting concept to make travel bookings and query resolution very easy and convenient for its clients. Just by entering your current location and destination, it shows you all possible ways to commute including cars, buses, trains or flights. All information from its huge database, made available at the click of a button.
Snapdeal is second on the list with the ecommerce major raising $200 million in a round led by the Ontario Teachers’ Pension plan. Big Basket takes the third spot with a $150 million funding round.
With $145 million in funding, the startup CarTrade is betting big in one of the largest automobile market in the world. Similarly, Byju’s with 75 million has made an announcement about making a mark in the ed-tech market. Lenskart, which is sixth on the list, has come up with an eye testing equipment that has combined three machines into one and reduced the weight from 15 kgs to less than 2 kgs.
These are the 6 top funded startups in the last six months. Hopefully they will be able to deliver what they have promised and live up to the expectations of their customers and investors.