Whalesbook
Toh hua yeh ki FY25-26 mein India ke tech startups ne total $11.7 billion fund raise kiya. Yeh pichle saal ke $14.3 billion se 18% kam hai. Par number dekh ke confuse mat hona, asli kahani toh yeh hai ki investors ne deal volume 34% gira diya. Matlab, ab woh bahut soch-samajh kar, aur bade ticket size wale deals mein hi paisa daal rahe hain. Capital efficiency par full focus hai!
Is saal early-stage funding mein toh bohot achhi khabar hai, yeh 33% badh kar $4.8 billion ho gayi. Lekin late-stage funding mein thodi gadbad hai, woh 38% gir kar $5.6 billion par aa gayi. Isse growth-stage companies ke liye thoda challenge ho sakta hai jinhein bade fund ki zaroorat hoti hai.
Sectors ki baat karein toh Enterprise Apps, FinTech, aur Retail sabse aage rahe. Lekin sabse bada trend raha AI/ML aur Deep Tech ka. Sirf AI startups mein funding 58% badhi hai, jo $1.2 billion tak pahunch gayi. Yaani AI ka share ab 12.3% ho gaya hai overall funding mein, jo pehle 5% se bhi kam tha.
India waise bhi duniya mein fourth largest tech funding market bana hua hai. Aur is baar toh record 47 tech IPOs aaye, jo pichle saal se 52% zyada hain! Lenskart, Groww, Meesho jaise bade naam list hue. Aur 6 naye unicorns bhi bane, jisse total ab 125 ho gaye hain. Mazedaar baat yeh hai ki in naye unicorns ne pichle saal wale unicorn se kam paisa raise karke valuation paayi hai, jo capital efficiency dikhata hai.
Lekin bhai, sab kuch itna bhi aasan nahi hai. Late-stage funding mein 38% ki girawat dikhati hai ki investors bade funds dene mein cautious hain. Unhe clear profitability ka raasta chahiye. Kai startups abhi bhi profit banane mein struggle kar rahe hain, aur jo revenue generate nahi kar rahe, un par pressure aa raha hai. Global factors jaise interest rates aur geopolitics ka bhi asar hai.
Aage ka outlook thoda positive hai. 74% VCs ko lagta hai ki 2026 mein market sudhrega. AI aur Deep Tech par 71% VCs ka focus hai. Ab fast growth ki jagah controlled growth aur profitability par zyada zor diya ja raha hai. Overall, ecosystem ab maturity dikha raha hai.