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The Surprising Stats on Funding in India #500strong Shows up High
CB Insights has a blog post on funding in India. Here are the 3 most surprising facts that I gathered from the post.
1. Education and training was the #1 funded industry by category. Business intelligence was in the middle of the pack. I am very surprised. I would have put them in reverse. In fact if you consider travel, apparel, etc. as eCommerce, then it would be the #1.
2. Bangalore companies have 39% of the share of funding, while Delhi has 23%. If you combine Gurgaon and Delhi, then they would be at 29%.I would have put NCR much lower. In fact Mumbai is #3 at 16%, which is even more surprising. I would have put Bangalore at 45%, NCR at 20% and Mumbai at 7%.
3. 500 startups is the #1 investor by # of deals. Nexus is #5. In my mind that should have been reverse. In about 1 year, Pankaj and Dave have gone from being on the outside, to #1. #500Strong is beating everyone else by a wide margin.