Tracxn Overview
Tracxn
Select Recent Growth Initiatives
FUNDING IN FINTECH STARTUPS IN THE US ACCOUNTED FOR 58%
OF TOTAL CAPITAL RAISED GLOBALLY
New 102022004:10pm
2 Increased Press Mentions:
Through various media partnerships, data contributions, reports, etc.
ZAWYA
BY REFINITIV
Tracxn
tracxna leading poolased market inteligence platform, nas released its intech us Semi-Annua
Funding Report-H1 2023. The report, which is based on Trackn's extensive database, provides insights into
the US FinTech space
Funding into US-based FinTech startups fell in H1 2023 fell 33% when compared with H1 2022, but rose 42%
from H2 2022. The US FinTech space attracted investments worth $12.8 billion in H1 2023, which is 58% of
the total funds raised by the global FinTech startup ecosystem during the same period.
Despite facing challenges during H1 2023, the US-based FinTech startups have displayed remarkable
perseverance. While funding experienced a 33% dip compared with H1 2022, it rebounded with a 42% surge
from H2 2022. During H1 2023, the US FinTech sector managed to attract significant investments amounting
to a staggering $12.8 billion, prenntine fine 5% of the total funde raised hu the inhal FinTech startun
ecosystem during the same p
TECH FUNDING SNAPSHOT
SME
UAE Tech startups continue to see downward trend; Funding
falls 49% in Q3 2023
Tracxn Geo Quarterly Report: UAE Tech - Q3 2023
Press Release
October 4, 2023
• Total funding into UAE Tech startups dropped 49% to $112 million in Q3 2023, compared wit
million in Q3 2022
No IPOs took place, and no Unicorns emerged in Q3 2023
• Number of acquisitions dip to four in Q3 2023 from 10 in Q3 2022
FinTech, Enterprise Applications and HealthTech were the top-performing segments
Dubai takes the lead in terms of total funding in Q3 2023
UAE: Tracxn, a leading global SaaS-based market intelligence platform, has released its Geo Quarterly.
Report: UAE Tech-032023. The report, based on Tracxn's extensive database, provides insights into
the UAE Tech space.
2300+
Press Mentions
across media*
Funding galore in spacetech start-ups; $62 mn infused this year
TOP 5 DEALS IN SPACETECH
START-UPS SINCE 2020
SKYROOT
PIXXEL
$36 million
MTAR
$24.4 million
AGNIKUL $20 million
SATSURE
$51 million
$14.5 million
MOST ACTIVE VCS SINCE 2020
5 rounds (Agnikul, GalaxEye+1)
Speciale Invest
GrowX Ventures
Blume
4 rounds (Pixxel, Bellatrix Aerospace)
4 rounds (Pixxel)
UMA KANNAN Bengaluru
FROM just $35 million funds
raised between 2010 and 2019.
the Indian spacetech sector has
already attracted $62 million in
funding so far this year, which
a 60% increase as compared
is a
to the same period last year
According to recent insights
by Tracxn, India ranks seventh
in terms of funding within the
international spacetech land-
scape for the year.
In 2020, the sector secured $28
million in funding and it was
million in 2021. In 2022, the
896
sector witnessed an impressive
$112 million funding. As per ex-
perts, after the launch of Chan-
drayaan-3 mission, venture
capital fundingand the number
of start-ups in this space might
increase in the coming years
"The success of Chan-
Eg. Report coverage
Note: (*) in 9M FY24
drayaan 3 is sparking a signifi
cant rush of interest among
both VCs and
the
space sector ups for
seeking high-potential opportu
nities and will likely view the
space sector as a burgeoning
field with substantial growth
potential. This will increase
funding for these start-ups as
investors recognise the viabil-
ity of innovative projects and
solutions related to satellite
technology, space research, and
interplanetary exploration,"
Somdutta Singh, founder &
CEO, Assiduus Global Inc, LP
Investor in several marquee
funds, said.
Awais Ahmed, CEO, Pixxel
had told this newspaper that
ever since the Indian govern
ment introduced new space re
form initiatives, their support
In enabling private companies
to address the gaps has only
grown further
Pixxel has so far raised $97.10
million in funding, followed by
Skyroot at 872.3 million and Ag
nikul has raised $34.8 million.
Tracxn said in its report that
among the thriving business
models within the sector, small
payload-based launch vehicles.
have garnered significant at-
tention, securing $75.6 million
in funding over the last two
years. Satellite-based Imaging
Solutions have also witnessed
substantial support, with $81.2
million in funding secured over
the past two years.
As per reports, there are at
least 140 registered spacetech.
start-ups in the country Singh
added that over the past few
years, funding in Indian space
tech start-ups has experienced
significant growth..
Startup funding dips to lowest in
5 yrs in Q3 to $1.5 bn, says report
ARYAMAN GUPTA
New Delhi, 27 September
Funding among Indian startups
dedined to the lowest in five years in
the third quarter of calendar year 2023.
Investments fell 54 percent compared
to the same period last year at $1.5
billion. On a sequential basis, funding
fell 29 per cent from the previous
quarter, according to a report by
marketintelligence platform Tracn.
"Despite facing the challenges of a
funding winter, India ranks as the fifth
highest funded country in Q3 2023 and
maintains its fourth-place position in
terms of total funding for the year to
date (ID). It underscores the resilience
of India's tech startups and their
ability caid Nobacco
conditions," s
founder, Trao
The quarter saw five funding
rounds cross the $100 million mark,
including the likes of Perfios, Zepto,
ola Electric, Ather Energy and Zyber
365.
"Despite the decline in funding,
India remains among the top-
performing tech ecosystems globally. A
promising sign in the report is the
month-on-month funding growth,
with an impressive 91% increase from
$376 million in August 2023 to $720
million in September 2023.", said
Abhishek Goyal, co-founder, Traxxn.
DEC 1-DEC 15, 2023
TOTAL FUNDING ($)
STAGEWISE FUNDING
IN INDIA
351%
Seed
2.7%
$541 m
26 rounds
Higher than
previous fortnight
*33%
lower than same
fortnight last year
Late
77%
Previous fortnight: Nov 16-Nov 30, 2023
"Same fortnight last year: Dec 1-Dec 15, 2023
FUNDING TRENDS ($ bn)
(%) 20.3%
(Last 12 months)
Funding
$bn (UHS)
426
-No. of
Deals (RHS)
1.36
400
592
347 265
1.08
200
0.85
FUNDING
TRENDS
0.82
166 200
0.55
0.54
0
0.50
0.48 0.47
0.35
3.4 3.7 2.8 2.7 1.5 0
304
0.34
2022
01 02 03
2023
STAGE-WISE FUNDING TRENDS ($mn)
Seed stage Early stage late stage
0.54
kanali
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023
TOP DEALS IN INDIA ($ m)
Udaan
340
Vegrow 46
0%
01
03
Sarvam A
41
2023
Most active
Exponent
Energy 26
The 22
Sleep co
Snitch 13
Nat Habit 10
VCs in India
Lightspeed
Venture Partners
6 round -Udaan, Vegrow,
Exponent Energy, Sarvam Al
M&G
2 round Udaan
IvyCap Ventures
2 round- Biryani
By Kilo, Snitch
ScTrack
Source Track
eg. Regular Columns in newspapers
H1 TRACKER
INDIAN START-UPS RAISE
MORE FUNDS THAN CHINA
FOR 2ND STRAIGHT YEAR
India pulled ahead of China in terms of start-up
funding for a second consecutive year during the first
half (H1) of 2023, raising $5.5 billion. It attracted the
third-highest start-up funding. The US topped the list,
raising $67.4 billion, followed by the UK, which raised
$8.6 billion, according to data from market
intelligence platform Tracxn. The last time
China got more start-up funding than India
was in H1 2021.
ARYAMAN GUPTA
TOP FUNDED COUNTRIES
H1-2021 2022 2023
($bn)
US
UK
India
China
KEY FUNDING ROUNDS IN INDIA (in H12023)
Amount ($mn)
Serentica
Renewables
700
Byju's
500
Lenskart
350
PhonePe Electric
300
Ola
250
Source: Tracen
eg. Others
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