PrivateCircle Research offers an in-depth look at India’s private market in 2024-a year defined by strategic investments, record-breaking deals, and a maturing startup ecosystem. Here are the key highlights: Startup Funding Soars to ₹1,00,154 Cr In 2024, Indian startups raised an impressive ₹1,00,154 crore, even as the total deal count dipped to 1,321. This reflects…
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Posts that explain reports that we release periodically around unlisted markets. All reports are downloadable freely from privatecircle.co.
More employees left unicorn startups than joined between Aug 2023 – Aug 2024: PrivateCircle Research
Unicorn startups are huge employers in the country. In August 2024, India’s 116 unicorns collectively employed 4,10,829 people, a drop from 4,17,561 just a year earlier. While these numbers might seem like small ripples in a vast ocean, they reflect larger trends around hiring efficiency, attrition, and regional workforce dynamics. According to an analysis by…
Read moreCity-Wise Startup Funding Recap: November 2024
The Indian startup ecosystem continues to show diverse patterns in its funding landscape. November 2024 witnessed notable changes, with city-wise funding figures revealing important shifts in regional funding dynamics. While Tier 1 cities continue to dominate, there was a significant decrease in funding amounts in both Tier 1 and Tier 2 & 3 cities compared…
Read moreStartup Funding Recap: November 2024
November 2024 was a mixed bag of trends in the Indian startup ecosystem. With total funding amounting to ₹4,791 crore across 93 deals, the month showcased resilience amidst a fluctuating funding environment. While deal volumes decreased by 14% from October 2024, they marked an impressive 41% growth compared to November 2023. Similarly, the total funding…
Read moreRainmatter 2024-25: A Catalyst for Change
Rainmatter, backed by Zerodha, exemplifies the convergence of patient capital and impactful mentorship in driving innovation within India’s entrepreneurial ecosystem. With an emphasis on fintech, health, climate action, and storytelling, Rainmatter nurtures startups along with funding. The latest insights reveal how strategic investments are creating ripples across multiple sectors, reinforcing Rainmatter’s mission of sustainable, long-term…
Read moreAarin Capital 2024-25
Aarin Capital, chaired by TV Mohandas Pai, operates as a proprietary venture fund with a strategic focus on technology-driven businesses in life sciences, healthcare, and education. The fund also supports entrepreneurial fund managers whose investment theses complement its primary areas of interest. This report provides data-driven insights into Aarin’s activities for FY 2024-25, highlighting key…
Read moreCity-Wise Startup Funding Recap: October 2024
In October 2024, India’s Tier 1 cities such as Bengaluru, Mumbai, and Delhi NCR led the startup funding landscape, raising a combined ₹6,205 crore across 80 deals. Tier 1 locations, known for established infrastructure and investor confidence, saw this funding mainly fuelled by VC/PE firms, accounting for 56 of the total deals. Notably, angel investors…
Read moreStartup Funding Recap: October 2024
Overview In October 2024, India’s startup ecosystem saw a funding flow of ₹7,948 crores across 108 deals, reflecting resilience in the face of global economic headwinds. This marks a 1% month-on-month increase in deal volume, although the deal value saw a 37% decline from the September high of ₹12,715 crores, indicating a shift in investor…
Read moreHistorical Performance Summary Report: Lenskart 2024
Lenskart has emerged as a key player in India’s eyewear market, revolutionising accessibility to eye-care products across cities through its dual online and offline presence. Founded as an online eyewear portal, Lenskart has grown into a nationwide brand with over 320 stores across tier-1 and tier-2 cities, processing about 300,000 monthly orders. This reach and…
Read moreThe PhonePe Mafia: A Closer Look at India’s Rising Tech Stars
The PhonePe Mafia, much like its Paytm and Flipkart counterparts, is a growing network of startups founded by ex-employees of the fintech giant. As of August 2024, the collective valuation of the PhonePe Mafia companies was an impressive ₹11,707.39 crores. This reflects not only the growing success of these companies but also the impact that…
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