Why you must pay attention to Indian startups – TechCrunch | Instant News


This is TechCrunch Exchange, which is a newsletter published every Saturday, Based on columns of the same name.You can register email Here.

Y Combinator back in August 2 days Demo event, TechCrunch noticed that many Indian start-ups stand out from the competition.Names like this Bikai (E-commerce tools), Decentralization (Consumer Bank API), Farmako Healthcare (Digital health record) and MedPiper technology (Helping to hire health professionals) Added our favorite list from the batch.

It is not accidental to see so many startups centered in India. Statistics show that the field of venture capital in India has grown rapidly in recent years. In terms of venture capital invested, 2019 was the largest in the country’s history. Bain count Annual income is 10 billion US dollars.

In 2020, the third quarter will reshape the country’s venture capital sector. After the average start of the year, venture capital investment by Indian startups in the second quarter fell to only US$1.5 billion, the lowest quarterly record since 2016. Data through KPMG and PitchBook Make it clear Q3 Is a rebound, Invested US$3.6 billion in Indian startups within three months.

That number is not a historical record. Since at least 2013 (and even history), the total for the third quarter seems to be only the fourth largest venture capital quarter in the history of Indian startups. But this is a good rebound during a severe pandemic.The number of venture capital deals in the country also picked up in the third quarter, some of which have seen large inflows, including Invested US$500 million in Byju’s company in September this year.

Smaller startups have also seen good results. Bikayi is such a start-up company. TechCrunch contacted the company via email to learn about its results after the presentation. The company stated that its monthly recurring revenue (MRR) in August was 60% higher than the result in July. In late August, the company told TechCrunch that it expected to reach annual recurring revenue (ARR) of $1 million by the end of the year.

Bikayi recently stated that the number of merchants it supports has increased by 100%, and its revenue in September has increased by 100%. Therefore, Shopify-for-India, which focuses on WhatsApp, is in a leading position. October performance, CEO of Bikayi Sonakshi nathani In addition, they also look promising.

In order to gain a broader grasp of the Indian startup market, The Exchange has won the favor of Accel investors Arun Mathew (Based on the United States), and Prayank Swaroop (Headquartered in India) for reference.

Historically, bandwidth has dropped and Smartphone fee Swaroop believes that the increased reliability of the Internet has laid the foundation for the recent wave of Indian entrepreneurship. Mathew added that high-profile successes like Flipkart have made startups a more attractive option, and the success of this e-commerce company has helped “change the focus of the conversation around creating high-tech companies.”

Swaroop added that this also helps. Experienced people from existing Indian technology companies are branching and starting their own companies, reclaiming knowledge into new smaller companies. This is a key way Silicon Valley manages to create a large number of clicks over time. The key element of the unicorn factory is the gathering of operators that have established large-scale start-ups.and also Raise more funds Help promote the development of new Indian technology companies.

All in all, from the perspective of venture capital, 2019 is a bumper year for the Indian start-up market, and the recovery in 2020 is underway. Let’s see what is built.

Market bill

The Stock Exchange spent a lot of time this week researching venture capital data and trends, which is something we like to do.If you need to catch up, here is Let’s look at US venture capital in the third quarter,this is Our notes on the global situation. We talked about India above. What else?

Well, we need some data about healthcare companies.each New report According to information from CB Insights, there are 41 unicorns focused on healthcare today. More importantly, startups focusing on health-related matters (telemedicine, mental health, artificial intelligence, etc.) only hit a record high. Even for a pandemic, the 1539 round of global financing in the third quarter invested 21.8 billion US dollars. This is much more than I thought.

Therefore, this week we will shorten the market quotes for some important TechCrunch news:

Hey everyone.its Megan Rose Dickey Break into Alex’s newsletter for some quick news. First, I officially released the newsletter, human capital! It covers workforce and diversity as well as technological tolerance.Also, my colleagues and I restarted Mixtape podcast Henry Picavit. You can check out the first episode of our season 3, which involves the voting measures of the performance staff in California, Prop 22 Here.

Megan is great, you should check her pod and newsletter.

Various sundries

As always, the good things shared here are beyond my capacity, so let us directly understand the data, access, links and other delicacies.

Packaging, one Survey from Salesforce Shows that, compared with the March estimates, the enterprise cloud CEO reported better-than-expected revenue growth and lower-than-expected churn rate. This may be why the earnings are not catastrophic, and there are so many unicorns that can go public in the third quarter.

Nahe Public sector valuations are higher than those of private investors, Which has subverted the market in recent years.

meet on Monday,

Alex





image source

to request modification Contact us at Here or [email protected]