Late-stage investors are becoming more bullish about doubling down on category leaders in the startup world, with the number of investment rounds that have topped $100 million increasing by 40% so far this year.
There have been 45 such deals in 2019 compared to 32 a year ago, data collated by industry tracker Tracxn show. Several large and diverse set of investors have bet on Indian startups this year. These include micro-blogging platform Twitter investing in homegrown social media startup ShareChat, global social media leader Facebook backing Meesho, US-based eBay pumping cash into ecommerce platform Paytm Mall and Indonesian multiservice platform GoJek’s bet on cloud kitchen company Rebel Foods.
You might also be interested to read: S&P Reaffirms India’s Sovereign Rating At BBB- With A Stable Outlook
At the same time, China’s internet behemoth Tencent has also made three large investments this year — in the Times Internet-owned OTT streaming provider MX Player, insurance aggregator and fintech startup PolicyBazaar, and B2B marketplace Udaan.
Source: Economic Times
