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Investing in India: Indian Tech for Beginners

India is the world's 3rd largest startup ecosystem. Here is everything you need to know about Indian Tech!

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The Indian digital economy

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It consists of:

• 932 million internet users in 2022, 1.3 billion by 2030
• An internet penetration rate of 61%
• 600 million smartphone users
• 4.7 hours per day per person on their smartphone

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The Indian startup ecosystem

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Key figures for this ecosystem:

• 3rd largest startup ecosystem in the world
• 60,000 startups
• 108 unicorns
• 102 soonicorns
• 300 accelerators and incubators
• 9,500 startup investors
• 500 billion: cumulative value of Indian startups
• 139 billion dollars raised since 2014
• 5.6 billion raised in seed funding since 2014
• 180 million raised in seed funding in Q1 2023 (102 deals)
• 2 companies raised over 500 million in Q1 2023: PhonePe (fintech), Lenskart (e-commerce)
• 18 IPOs since 2014
• 9,100 funding rounds since 2014

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Start-ups are primarily located in Bangalore, Delhi, and Mumbai.

The leading VCs (by number of deals) are:Alteria Capital,Blume Ventures, Stride Ventures,ah! Ventures,

Inflection Point Ventures, ... and US VCs...

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The top 200 start-ups in numbers

• $19 billion in cumulative revenue
• $85 billion raised since 2014
• 11 start-ups have over $500 million in revenue
• FlipkartagainstOfBusiness(e-commerce),ZerodhaagainstPaytm(fintech),Delhivery(logistics),Zoho(software) are the startups with the highest revenue

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There are plenty of investment opportunities if you know the country and are on the ground. That is the case for us with

Francisque LEBRUNIE. Agriculture, deeptech, space tech, e-commerce, and SaaS continue to see strong growth!

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