Startup India: Startup funding down 29% in first half of 2020 - Tracxn

#startups #startupstats #funding #H12020 #startupindia

Startup funding dropped by 29% in the first six months of 2020 to $4.2 billlion compared to $5.9 billion in the corresponding period last year, due to the impact of the coronavirus pandemic, according to data by venture capital industry tracker Tracxn.

Only 443 startups were funded in the January-June period this year against 725 in H1, 2019. This year also put the spotlight on certain sectors like alternative lending, payments and test preparation tech and generated a lot of interest and funding from investors, according to Tracxn.

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Startup funding down 29% in first half of 2020: Tracxn

Only 443 startups were funded in the January-June period this year against 725 in H1, 2019. This year also put the spotlight on certain sectors like alternative lending, payments and test preparation tech and generated a lot of interest and funding from investors, according to Tracxn.

Startup Funding Alert: Gurugram-based startup Blue Sky Analytics raises $1.2M led by BEENEXT

#startups #fundingalert #startupfunding #dataanalytics #analytics

Gurugram-based geospatial data intelligence startup Blue Sky Analytics (BSA) has raised a $1.2 million seed funding round, led by BEENEXT Emerging Asia Pte Ltd. Zerodha-backed Rainmatter Capital Private Limited and Stanford Angels & Entrepreneurs also joined the round.

Founded by sibling duo Abhilasha Purwar (CEO) and Kshitij Purwar (CTO) in 2018, Blue Sky Analytics is building AI-powered infrastructure to analyse every pixel on the planet to retrieve the pertaining insights on air quality, water pollution, heat index, flood risk, and more.

By leveraging #satellitedata, #cloudcomputing, and #AI, the startup aims to inform various agents of the market and society with quality, accessible, and democratised environmental data.

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[Funding alert] Gurugram-based startup Blue Sky Analytics raises $1.2M led by BEENEXT

Gurugram-based geospatial data intelligence startup Blue Sky Analytics (BSA) has raised a $1.2 million seed funding round, led by BEENEXT Emerging Asia Pte Ltd. Zerodha-backed Rainmatter Capital Private Limited and Stanford Angels & Entrepreneurs also joined the round. Teruhide Sato, Founder and Managing Partner, BEENEXT, said, "Over the last couple of years, there has been an increased focus on geospatial technology.

Startup Funding Alert: Cybersecurity startup Securden raises $1.2M from Accel, others

#fundingalert #startupfunding #cybersecurity #covid19 #startupindia

A report launched in May by NASSCOM-DSCI said the Indian cybersecurity services industry is expected to grow at a compound annual growth rate (CAGR) of about 21 percent to touch $13.6 billion by 2025. The industry had generated a cumulative revenue of about $4.3 billion in 2019, and this is expected to reach $7.6 billion in 2022, the report, titled India Cybersecurity Services Landscape, said. It added that cybersecurity is gaining even more attention from enterprises and governments due to the COVID-19 pandemic.

Chennai and US-based cybersecurity startup Securden, Inc, CO-founded by ex-Zoho executives Balasubramanian Venkatramani and Kumaran Balan in 2018, has raised $ 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks; Axilor Ventures; Manav Garg, founder and CEO of Eka1.com; and CaratLane CEO Mithun Sacheti.

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[Funding alert] Cybersecurity startup Securden raises $1.2M from Accel, others

Chennai and US-based cybersecurity startup Securden Inc has raised $ 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks; Axilor Ventures; Manav Garg, founder and CEO of Eka1.com; and CaratLane CEO Mithun Sacheti.

Startup Funding Alert: Mumbai Based B2B Startup Bulk MRO Raises Rs 25 Crore In Debt Funding

#startups #supplychain #finance #fundingalert #startupfunding

Mumbai-based #B2B startup Bulk MRO Industrial Supply has raised Rs 25 crore in debt funding from Delhi-based Stride Ventures.

Founded by Gaurang Shah and Devang Shah in 2015, Bulk MRO is a B2B startup that enables the supply chain procurement needs of its customers and suppliers globally.

Bulk MRO also runs a fintech platform, Bulk Udhaar. Bulk Udhaar offers supply chain financing solutions to its suppliers and customers.

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Mumbai Based B2B Startup Bulk MRO Raises Rs 25 Crore In Debt Funding

B2B startup Bulk MRO has raised Rs 25 crore in debt funding from Delhi-based Stride Ventures. The venture fund has also partnered with one of India's leading banks for the deal. Founded by Gaurang Shah and Devang Shah in 2015, Bulk MRO is a Mumbai-based B2B startup that enables the supply chain procurement needs of its customers and suppliers globally.