Over 100 Companies in India Raised Series A Funding for Startups in the Past Year: Data

Over 100 companies in India have raised Series A funds for startups in the past year: data

Drake Dukes, co-founder of Launch Gravity - a data research and analysis company - and his team have compiled a list of 5 founders of companies who have received Series A funding in the past year. . Interestingly, India is ranked third in the list. The list is dominated by the United States with 000 companies having received Series A funding in the past year, followed by the United Kingdom (1 companies) and India (200 companies). Dukes tweeted that he was ready to share the list with everyone in an effort to "free the data" from the grip of certain companies.

According to Dukes, the top three sectors receiving the most Series A funding are software, information technology and artificial intelligence (AI). Notable entrants to this list are e-commerce at No. 12, blockchain at No. 21, and cybersecurity is also drawing attention at No. 30.

Here is the breakdown by country:

He said that a company typically takes a little over four years from inception to secure Series A funding, the first venture capital funding for a startup, and that the average total amount of funding is approximately $ 20,7 million (approximately Rs. 153,53 crore).

In addition, a large number of Series A founders have already worked in leading technology or financial companies. Most of the founders worked at Google, Microsoft, McKinsey, and Goldman Sachs.

Dukes, a former Fortune 500 consultant turned internet entrepreneur, said Series A companies have a budget and they "hire like crazy." In case anyone wanted to connect with them, he offered to share the founders' emails and their Twitter credentials.

His company, Gravity, describes itself as a company that helps you "make sense of data." He says the team members are passionate data, sales, and marketing professionals who enjoy designing, coding, and exploring the limits of technology and creativity.

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