A Snapshot of How Gurgaon Startups Rocked in 2015

It is of common knowledge that Bengaluru, Delhi NCR and Mumbai are the three star hubs in the country for startups. While Bengaluru alone tops the charts with its startups receiving the highest amount of funding this year, Delhi NCR is closely following it with its enriching ecosystem of accelerators, investors and co-working spaces.


Even in the Delhi NCR region, Gurgaon in itself is coming up to be a popular startup hub. Over 80 investment deals happened in Gurgaon based startups in 2015.

The Investment Scenario

Over $1 billion was invested in Gurgaon startups across sectors in 2015, including food, grocery, logistics and eCommerce among others.

Among all the firms, Ecom Express received the highest amount of investment with a total $133 million coming this year, followed by Grofers which raised $120 million in November and’s $100 million raise in January this year. OYO rooms and Delhivery too holds fourth and fifth position with $100 million and $85 million in series B and D rounds. Logistics, grocery and eCommerce sectors have attracted biggest rounds of investment in the city.

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Out of the total, most investments happened in seed or angel rounds, this is in line with the nationwide trend.

Top 10 Gainers

Below are the 10 startups that raised maximum VC funding this year.

Startup Name Industry Vertical Headquarter Investors’ Name Investment Raised 2015 (in $Mn) Total Investment Raised (in $Mn) Valuation (In $Mn)
Grofers Grocery Gurgaon SoftBank, Yuri Milner, Sequoia Capital, Tiger Global, Apoletto Managers 160 165 400
Ecom Express Logistics Gurgaon Warburg Pincus 133 149.5 300
Shopclues eCommerce Gurgaon Tiger Global, Nexus Venture Partners, Helion Venture Partners 100 116.3 500
OYO Rooms Travel Gurgaon SoftBank, Greenoaks Capital, Sequoia Capital, Lightspeed India 100 125.65 400
Delivery Logistics Gurgaon Nexus Venture Partners, Tiger Global Management, Times Internet Limited, Multiples Alternate Asset Management 85 127.5 350
YepMe eCommerce Gurgaon Malaysian state fund Khazanah Nasional 75 88.2 NA
CarDekho Automobile Gurgaon Hillhouse, Tybourne and Sequoia Capital 50 65 300
PepperTap Grocery Gurgaon Innoven Capital, SnapDeal, Sequoia India, SAIF Partners, Ru-Net, Beenext & JAFCO Asia 50 51.2 NA
PolicyBazaar Fintech Gurgaon Tiger Global Management, Ribbit Capital, Steadview Capital, PremjiInvest, ABG Capital 40 69.6 Unknown
Rivigo Logistics Gurgaon SAIF Partners 39.6 39.6 Unknown
LimeRoad eCommerce Gurgaon Tiger Global, Matrix Partners, Lightspeed Venture Partners 30 50 Unknown

Sectors which rocked Gurgaon in 2015

Logistics: In this sector, various players have attracted investors attention this year. For instance, Ecom Express raised $133 million, Delhivery received $85 million, Rivigo secures $30 million and GoJavas closed $20 million.

eCommerce: In eCommerce space, ShopClues, YepMe and LimeRoad hold position in top 10 companies which raised maximum funding this year. ShopClues raised $100 million, YepMe received $75 million and LimeRoad closed $30 million. Additionally, eCommerce company Snapdeal which has its headquarters in Delhi has also opened its office in Gurgaon this year.

Grocery: In Gurgaon, this sector was highlighted by the Grofers and PepperTap which raised $160 million and $50 million respectively. And, Gurgaon-based grocery ordering app, BigZop was acquired by Delhi-based company AUTOnCAB in a stock and cash deal.

Food: This year, startups including Yumist, Innerchef, BiteClub, Twigly Foods, Frsh, raised seed round of funding for their growth and expansion. Zomato, which was running out of a farmhouse in Chattarpur since inception, also shifted its base to Gurgaon in 2015.

Logistics seems to be the common factor among all above mentioned segments. Hyper local delivery startups in particular are making the food and grocery companies flourish. Can this small satellite city near the national capital become country’s top startup launchpad?

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