93 Largest Indian Startup Funding Deals of 2016 (USD 10M+)


Startup Funding-003

We follow Startup funding deals quite closely and while 2016 did not pan out as good as 2015 in terms of number and amount of funding deals struck in India, there were quite a few companies that raised some eye-popping amount.

Over 8 Indian startups raised 100 million plus amounts, with Snapdeal topping the charts with 200 million that they raised in February 2016.

The following table gives you all the funding and investments (exceeding 10 million USD) that happened in the Year 2016.

Please note that the date mentioned is when the news of funding/investment came out and not the actual date of funding. The startup name necessarily does not denote the name of the company but the name of the product/service/website by which it is popularly known.

Largest Tech Startup Funding Deals of 2016

Sr. No. Date (dd/mm/yyyy) Startup Name Industry/ Vertical Sub-Vertical City / Location Investors’ Name Amount (in USD)
1 15-02-2016 Snapdeal eCommerce Horizontal Online Marketplace New Delhi Ontario Teachers’ Pension Plan & Others 200,000,000
2 07-01-2016 MakeMyTrip Consumer Internet Online Travel/Hotel Booking platform Gurgaon Ctrip.com International Ltd 180,000,000
3 16-08-2016 Hike Consumer Internet Mobile Messaging App New Delhi Tencent Holdings, Foxconn Technology Group, Tiger Global, SoftBank Group, Bharti Enterprises 175,000,000
4 22-03-2016 BigBasket eCommerce Online Grocery Shop Bangalore Abraaj Group 150,000,000
5 13-01-2016 CarTrade Consumer Internet Auto Classifieds Portal Mumbai Temasek Holdings, March Capital, Warburg Pincus 145,000,000
6 12-01-2016 Shopclues ECommerce ECommerce Marketplace Gurgaon GIC, Tiger Global Management, Nexus Venture Partners 100,000,000
7 11-04-2016 Oyo Consumer Internet Online Branded Budget Room Booking Service New Delhi Softbank, Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery 100,000,000
8 11-05-2016 Fractal Analytics Technology Data Analytics Company Mumbai Khazanah Nasional Berhad 100,000,000
9 05-07-2016 BookMyShow Consumer Internet Event & Movie Ticketing platform Mumbai Stripes Group, Network 18, Accel Partners, SAIF Partners 82,000,000
10 22-03-2016 Byju’s Consumer Internet Educational Video Content Creator Bangalore Sequoia India, Sofina 75,000,000
11 07-11-2016 Rivigo Technology Technology based Logistics platform Gurgaon Warburg Pincus 75,000,000
12 16-08-2016 OyoRooms Consumer Internet Budget Hotels Aggregator New Delhi SoftBank Group 62,000,000
13 04-05-2016 Lenskart eCommerce Eyewear & Accessories etailer New Delhi International Finance Corp, TPG Growth, Adveq Management, IDG Ventures, Ratan Tata, Kris Gopalakrishnan 60,000,000
14 30-08-2016 Paytm eCommerce Mobile Wallet & ECommerce platform Bangalore MediaTek Inc. 60,000,000
15 02-11-2016 FreshDesk Consumer Internet SAAS Based HelpDesk Services Chennai Sequoia Capital India, Accel Partners 55,000,000
16 28-09-2016 Druva Technology Cloud Based Data Protection Solution Pune Sequoia India, EDBI, Blue Cloud Ventures, Hercules Capital 51,000,000
17 03-05-2016 Mobikwik Consumer Internet Mobile & Digital Wallet Gurgaon GMO Payment Gateway, MediaTek 50,000,000
18 09-09-2016 Byju’s Education Online Learning App Bangalore Chan Zuckerberg Initiative, Times Internet Ltd, Sequoia Capital, Sofina, Lightspeed Ventures 50,000,000
19 11-10-2016 Yupp TV Consumer Internet Internet-based TV streaming service provider Bangalore Emerald Media 50,000,000
20 26-08-2016 Mobikwik Consumer Internet Digital Wallet platform Gurgaon Net1 UEPS Technologies Inc 40,000,000
21 22-08-2016 Puro Wellness healthcare Organic,  Natural  Food substitute manufacturer Mumbai Torrent Group 37,000,000
22 19-01-2016 Swiggy Consumer Internet Online/Mobile food ordering platform Bangalore Harmony Partners, RB Investments & existing investors 35,000,000
23 22-01-2016 EPS Technology Electronic Payments Solution Company Mumbai APIS Partners 35,000,000
24 15-12-2016 Amagi Media Labs Technology Media Technology Solutions Mumbai Emerald Media, Premji Invest 35,000,000
25 28-06-2016 LendingKart Consumer Internet Online Working Capital Business Loans Platform Ahmedabad Bertelsmann India Investments, Mayfield India, Saama Capital, India Quotient 32,000,000
26 21-09-2016 Pepperfry eCommerce Furniture eTailer Mumbai Goldman Sachs Group, Zodius Technology Fund, Norwest Venture Partners, Bertelsmann India 31,300,000
27 22-01-2016 Qubole Technology Enterprise Cloud Based Data Processing Bangalore Institutional Venture Partners, Norwest Venture Partners, Lightspeed Venture Partners, CRV 30,000,000
28 15-04-2016 NestAway Consumer Internet Furnished Home Rental Platform Bangalore Tiger Global 30,000,000
29 18-07-2016 BlueStone eCommerce Jewellery Etailer Mumbai IIFL and Accel Partners, Kalaari Capital, IvyCap Ventures, RB Investments 30,000,000
30 19-10-2016 Furlenco Consumer Internet Online Furniture Rental platform Bangalore Lightbox Ventures, Axis Capital & Others 30,000,000
31 27-10-2016 Ather Energy Technology Electric Vehicle Manufacturer Bangalore Hero MotoCorp 27,000,000
32 04-04-2016 Hungama Consumer Internet Digital Media Entertainment Portal Mumbai Xiaomi Inc 25,000,000
34 12-05-2016 Capital Float Consumer Internet Online Lending Platform Bangalore Creation Investments Capital Management, SAIF Partners, Sequoia Capital, Aspada Ventures 25,000,000
35 30-06-2016 Meru Cabs Consumer Internet Online/ Mobile Tax Cab booking Mumbai Brand Capital 25,000,000
36 26-07-2016 Zoom Car Consumer Internet Self Driver Car Rentals Bangalore Ford Motor Company, Sequoia Capital, Reliance Ventures 25,000,000
37 15-10-2016 DailyHunt Consumer Internet Vernacular content mobile app Bangalore ByteDance, Arun Sarin, Matrix Partners, Sequoia Capital India, Omidyar Network,  Falcon Edge 25,000,000
38 25-08-2016 ZoomCar Consumer Internet Self-driven car booking platform Bangalore Ford Smart Mobility Llc 24,000,000
39 07-06-2016 HelpShift Technology Mobile CRM Platform Pune Microsoft Ventures, Salesforce Ventures, Cisco 25,000,000
40 16-12-2016 Pi Data Centers Technology Cloud Data Center Solutions provider Hyderabad Epsilon Venture Partners 23,000,000
41 25-01-2016 Power2SME Consumer Internet SME Online Buying Hub Gurgaon Nandan Nilekani, Accel Partners, Kalaari Capital and Inventus Capital 21,000,000
42 20-01-2016 Just Buy Live ECommerce B2B Marketplace for Distributors Mumbai Alpha Capital 20,000,000
43 16-06-2016 Voonik eCommerce Online Women’s Fashion Marketplace Bangalore Sequoia Capital 20,000,000
44 19-08-2016 Quikr Consumer Internet Classified Listings platform Mumbai Brand Capital 20,000,000
45 23-11-2016 Knowlarity Consumer Internet Cloud Telephony Platform Bangalore Delta Partners, Sequoia India,  Mayfield, Blacksoil, Trifecta Capital 20,000,000
46 30-09-2016 Zeta Technology Enterprise Cloud Solutions Mumbai Bhavin Turakhia 19,000,000
47 10-05-2016 InnoNano Research Technology Clean Water Technology Chennai NanoHoldings 18,000,000
48 29-01-2016 FreshMenu Consumer Internet Fresh Food Delivery platform Bangalore Zodius Technology Fund, Lightspeed Venture Partners 17,000,000
49 22-07-2016 Treebo Hotels Consumer Internet Budget Hotel Aggregator & Booking platform Bangalore Bertelsmann India Investments, SAIF Partners, Matrix Partners India. 16,700,000
50 11-01-2016 FreshMenu Consumer Internet Online / Mobile Food Ordering platform Bangalore Zodius Capital, Lightspeed Venture Partners 16,500,000
51 08-06-2016 StoreKing eCommerce Connecting Small Town Consumers to E-Commerce Bangalore Axiata Digital 16,000,000
52 04-07-2016 NeoGrowth Finance SME Lending platform Mumbai IIFL Wealth Management Seed Venture Fund, Omidyar Network, Khosla Impact, Aspada 16,000,000
53 17-10-2016 Rentalpha Others equipment rental and leasing company Mumbai Bravia Capital 16,000,000
54 12-08-2016 Innovaccer Technology Integrated Enterprise Analytics Platform Noida Westbridge Capital Partners 15,600,000
55 21-01-2016 Housing.com Consumer Internet Online Real Estate Portal Mumbai SoftBank Corp 15,000,000
56 10-03-2016 Icertis Technology Contract Management Software Solutions platform Pune/Seattle Ignition Partners, Greycroft Partners, Fidelity Growth Partners India 15,000,000
57 15-04-2016 Vyomo Consumer Internet On-Demand Beauty Service provider New Delhi Naturals Salon Chain 15,000,000
58 20-04-2016 1mg eCommerce Online Pharmacy Gurgaon Maverick Capital Ventures, Sequoia Capital, Omidyar Network 15,000,000
59 26-04-2016 Transerv Consumer Internet Digital Payments platform Mumbai IDFC SPICE Fund, Micromax Informatics 15,000,000
60 26-04-2016 Roposo eCommerce Social Fashion ECommerce Discovery platform Gurgaon Bertelsmann India Investments 15,000,000
61 04-07-2016 Curefit Consumer Internet Online Preventive Healthcare Platform Bangalore Accel Partners, IDG Ventures, Kalaari Capital 15,000,000
62 19-07-2016 Deal4Loans / Wishfin Consumer Internet Loans Comparison platform Noida Franklin Templeton International Services Pvt. Ltd 15,000,000
63 11-08-2016 Zenoti Technology Cloud Based Software Solutions Provider Hyderabad Norwest Venture Partners, Accel India 15,0,00,000
64 29-08-2016 LivSpace Consumer Internet Online portal for Home Design Bangalore Bessemer Venture Partners, Jungle Ventures, Helion Ventures 15,000,000
65 19-09-2016 Swiggy Consumer Internet Online Food Ordering & Delivery Bangalore Bessemer Venture Partners 15,000,000
66 07-10-2016 Flexiloans Consumer Internet Online Funds Raising Platform Mumbai Sanjay Nayar, Vikram Sud, Anil Jaggia, Narayan Seshadri 15,000,000
67 20-12-2016 BYJU’s Consumer Internet Online Learning platform Bangalore International Financial Corporation 15,000,000
68 14-03-2016 TruckingCube Logistics Domestic, Commercial, and Industrial Goods Movers New Delhi Agarwal Movers Group 14,900,000
69 05-02-2016 ZenDrive Technology Safe Driving Data & Analytics platform Bangalore / SFO Sherpa Capital, Nyca Partners and Thomvest Ventures 13,500,000
70 13-05-2016 StayZilla Consumer Internet Budget Room Aggregator Booking platform Chennai Matrix Partners, Nexus Ventures 13,500,000
71 17-11-2016 Koovs eCommerce Fashion eTailer New Delhi Times of India Group & Existing investors 13,500,000
72 29-02-2016 Hopscotch eCommerce Baby & Kids Products Online Flash sales platform Mumbai Eduardo Saverin 13,000,000
73 08-02-2016 Xpressbees ECommerce ECommerce Logistics solutions Pune SAIF Partners, IDG Ventures India, Vertex Ventures, Valiant Capital 12,500,000
74 12-09-2016 Nykaa eCommerce Online Beauty products eTailer Mumbai Sunil Munjal, Mariwala family 12,300,000
75 12-07-2016 SirionLabs Technology SAAS based Service Agreement Management Gurgaon Sequoia Capital 12,250,000
76 04-05-2016 Seclore Technology Enterprise Security Technology platform Mumbai Sistema Asia Fund, Helion Venture, VentureEast, India Alternatives 12,000,000
77 17-06-2016 Cleartax Consumer Internet Online Tax Filing Platform New Delhi Ravi Adusumalli, SAIF Partners 12,000,000
78 01-08-2016 HealthKart eCommerce Online Pharmacy & Health Marketplace Gurgaon Sequoia Capital India, Omidyar Network, Kae Capital 12,000,000
79 09-11-2016 Square Yards Consumer Internet Online Property Search Portal Gurgaon ADAG Reliance Private Equity 1,2000,000
80 10-03-2016 Big Fish Ventures Food & Beverage premium dining lounges Chain New Delhi Undisclosed investors 11,100,000
81 13-12-2016 OfBusiness eCommerce Online business-to-business (B2B) marketplace Gurgaon Zodius Technology Opportunities Fund, Matrix Partners 11,100,000
82 23-02-2016 CupoNation Consumer Internet Deals and Discount platform Gurgaon Rocket Internet AG, Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventures, ru-Net, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank 11,000,000
83 17-02-2016 The Viral Fever Consumer Internet Independent Online Video production company Mumbai Tiger Global 10,000,000
84 24-02-2016 NoBroker Consumer Internet Peer to peer property listing platform Bangalore Beenext, Digital Garage, Beenos, Qualgro, Mamoru Taniya, SAIF Partners 10,000,000
85 18-04-2016 Jugnoo Consumer Internet On-demand Delivery & Logistics platform Chandigarh Paytm & existing investors 10,000,000
86 18-05-2016 EduPristine Education Online Certification Courses Mumbai Kaizen Management Advisors, DeVry Inc 10,000,000
87 19-07-2016 Sagacito Technology Cloud-Based Enterprise Solutions New Delhi Star India Pvt. Ltd 10,000,000
88 25-07-2016 QwikCilver Consumer Internet Gift Card Services Provider Bangalore Sistema Asia Fund, Amazon Asia-Pacific, Accel India, Helion Venture Partners 10,000,000
89 03-11-2016 EasyPolicy Consumer Internet Online insurance Portal Noida Unilazer Ventures, 10,000,000
90 23-11-2016 Udaan eCommerce B2B Marketplace Bangalore Lightspeed Venture Partners India, Lightspeed US 10,000,000
91 12-12-2016 Xseed Education Technology Education & learning Tech platform Bangalore Verlinvest SA 10,000,000
92 13-12-2016 Indifi Consumer Internet Online lending platform Gurgaon Omidyar Network 10,000,000
93 15-12-2016 IdeaForge Technology Drone Manufacturing Mumbai WRV Capital and IndusAge Partners, Infosys Innovation Fund 10,000,000

We have tried to make this data as accurate as possible. However, some errors or mistakes may have creeped in. Incase, you think you have correct data, do let us know in comments or drop us a mail on [email protected]

For details of over 2000 funding deals since January 2015, check out our up-to-date Indian Startup Funding  & Investment Chart.

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