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Over 100 companies in India raised Series A funding for startups in last one year: Data



Drake Dukes, co-founder of Launch Gravity – a data research and analytics firm – and his team have put together a list of 5,000 company founders who have received Series A funding within the past year. Interestingly, India ranks third in this list. The US tops the list with 1,200 companies receiving Series A funding within the past year, followed by the UK (225 companies) and India (109 companies). Dukes tweeted that he was ready to share the list with everyone in an effort to “free the data” from the clutches of some firms.

According to Dukes, the top three sectors receiving the most Series A funding are software, information technology and artificial intelligence (AI). Notable entrants on this list include e-commerce at 12th, blockchain at 21st, and cybersecurity at 30th spot also getting some attention.

Here is the country-wise breakout:

He said a company usually takes a little over four years from its inception to receive Series A funding, the first venture capital funding for a startup, and the average total funding amount is around $20.7 million (about Rs 153.53 crore). .

Plus, a large number of Series A founders have prior experience working in top tech or financial companies. Most of the founders have worked at Google, Microsoft, McKinsey, and Goldman Sachs.

Dukes, a former Fortune 500 advisor-turned-internet entrepreneur, said Series A companies have got a budget and are “hiring like crazy.” He has offered to share the founders’ emails and their Twitter handles if anyone wants to connect with them.

His company, Gravity, describes itself as a firm that “helps you get the most out of the data.” It says that the team members are passionate data, sales and marketing professionals who love to design, code and explore the boundaries of technology and creativity.


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