Mafia report, Private Market ABCs, funding recaps, VC funding trends and much more from India Private Markets.

Mafia report, Private Market ABCs, funding recaps, VC funding trends and much more from India Private Markets.

PrivateCircle PrivateCircle

PrivateCircle

Research | Connect | Markets

Published Jan 21, 2025
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16th January: CRED Mafia 2024

🌟 The CRED Mafia is here! A network of startups led by former CRED employees is taking the ecosystem by storm.

  • ₹612 Cr valuation across 16 sectors.
  • Job creators with 123+ roles (and counting). 🚀 Innovation fueled by shared DNA!

15th January: Private Market ABCs – Sweat Equity

Building a dream team with no budget? Sweat Equity is your secret weapon. 🛠️ It’s not just about saving money - it’s about building a culture of shared ownership. Weekly Challenge If you had to offer sweat equity, what role would you prioritize for your startup, and why? Let us know in the comments! ⬇️ #PrivateCircleABCs #SweatEquity #CompaniesAct2013
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No budget? Build your team with sweat equity. 🛠️

  • It’s about shared ownership and saving money while building a strong culture. 💬 Weekly Challenge: Which role would you prioritize for sweat equity?

9th January: December Funding Recap

  • Mumbai: ₹3,072 Cr across 14 deals.
  • Pune: ₹2,038 Cr from just 4 deals—quality over quantity!
  • Top deals: Faasos (₹1,782 Cr), Mintifi (₹1,527 Cr), and Shubham Housing Development Finance Company (₹1,000 Cr). 🌟 Even small towns like Indore and Abu Road are buzzing with startup energy!

December Funding Recap + City-wise Funding 🎉 Startup Spotlight: December 2024 Funding Recap! 🚀 From big deals in Mumbai to small but mighty moves in Belthangady, December 2024 was anything but dull in India’s startup funding scene. Here’s the lowdown: 💰 Mumbai leads the charge with ₹3,072 Cr across 14 deals. Pune surprises with ₹2,038 Cr from just 4 deals-talk about quality over quantity! 🏙️ Small cities, big dreams: Indore, Abu Road, and even Ramachandrapuram proved that every corner of India is buzzing with entrepreneurial spirit. 📉 Deal volumes dip to 66 in December, but the recovery in total funding to ₹8,817 Cr signals strong investor confidence. 👑 Top deals? Faasos (₹1,782 Cr), Mintifi (₹1,527 Cr), and Shubham Housing (₹1,000 Cr). 📊 VC/PE dominate with 43 Tier 1 deals, while angel investors and family offices dip their toes into Tier 2 & 3 cities. 👉 Ready for the full scoop? head here - https://lnkd.in/gzxQydNS Data curation by Madona Ps & Nandini Gangadhar #St
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7th January: Private Market ABCs – SPACs

Private Market ABCs | #18 Special Purpose Acquisition Company (SPAC) SPACs: The fast track to going public. 🚀 But it’s not all smooth sailing. From clean energy to fintech, SPACs have reshaped how startups hit the public markets. Weekly Challenge What’s one company you think could be the perfect SPAC acquisition target? Let’s brainstorm! ⬇️
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SPACs are reshaping how startups go public. 🚀

  • From clean energy to fintech, they’re the fast track for going public. 💬 Weekly Challenge: What’s a company you think is SPAC-ready?

31st December: Private Market ABCs – Schlep Blindness

“Boring” ideas are often goldmines. 💎

  • Solving unsexy problems leads to big wins in the startup world. 💬 Weekly Challenge: Name one “tedious” problem that could spark a great startup!

Private Market ABCs | #17 Schlep Blindness Got a “boring” idea that nobody wants to tackle? Congrats-you might just be sitting on a goldmine. 💎 Schlep Blindness keeps founders away from high-potential opportunities. But solving unsexy problems? That’s how you win big. Weekly Challenge What’s one “tedious” problem you think could be turned into a great startup? Drop it in the comments! ⬇️ #PrivateMarketABCs #PrivateCircle #IndiaStartups #IndiaEntrepreneurs #IndiaFo
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26th December: Annual Funding Recap 2024

📈 2024 was a milestone year for India’s startups, with ₹1,00,154 Cr raised across 1,321 deals.

Key Stats:

  • Highest average deal size in 5 years: ₹76 Cr.
  • Biggest deal: Zepto raised ₹11,892 Cr in three rounds.
  • Inflection Point Ventures led the pack with 47 deals. 🌟 A year of resilience, innovation, and transformation!

24th December: Private Market ABCs – Rocket Ship to Nowhere

Fast growth without a plan? 🚀💥 That’s a rocket ship headed for disaster.

  • Every startup needs sustainable strategies, not just speed. 💬 Weekly Challenge: What’s your “destination” before scaling your dream?

Private Market ABCs | #16 Rocket Ship to Nowhere Fast growth without a plan is like building a rocket ship without a destination—it’ll crash sooner or later. 🚀💥 Learn why every successful startup needs sustainable strategies, not just speed. Weekly Challenge What’s one “destination” you’d prioritize before scaling your dream project? Share it below! ⬇️
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20th December: VC Funding Trends – Late-Stage Rounds Decline

🚨 FY24 Funding Shift Alert! Only 20.6% of VC funding went to Series C & D rounds - a dip to FY16 levels.

Funding deal value by round names 🚨 VC Funding Shift Alert 🚨 In FY24, only 20.6% of VC funding went to Series C & D rounds — a level last seen in FY16. Between FY19 and FY21, these late-stage rounds captured a significant share of VC investments, coinciding with the peak of startup funding in India. 📊 This analysis covers 7,770 deals tracked by PrivateCircle Research. What’s driving this shift? Is the market cooling off, or are early-stage deals regaining momentum? Let us know your thoughts! 💡👇 #StartupFunding #VentureCapital #PrivateMarkets #FundingTrends #PrivateCircleResearch
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19th December: EPFO Count Analysis – Unicorn Workforce Trends

🚨 India’s unicorn workforce shrank by 6.7K employees between Aug’23 and Aug’24.

EPFO Count Analysis 🚨 India’s unicorn workforce decreased by 6.7K employees (Aug'23 - Aug'24) An analysis by PrivateCircle Research reveals that the total workforce of 116 Indian unicorns dropped from 4,17,561 in Aug 2023 to 4,10,829 in Aug 2024. 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 📈 𝐓𝐨𝐩 𝐇𝐢𝐫𝐢𝐧𝐠 𝐇𝐮𝐛𝐬: Delhi NCR led with the most additions, followed by Chennai and Bengaluru. 📉 𝐃𝐞𝐜𝐥𝐢𝐧𝐞𝐬: Mumbai, Pune, and Hyderabad saw net decreases in employees. 𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐀𝐭𝐭𝐫𝐢𝐭𝐢𝐨𝐧: 4.5% across unicorns 𝐋𝐨𝐰𝐞𝐬𝐭 𝐀𝐭𝐭𝐫𝐢𝐭𝐢𝐨𝐧: Zerodha, Zoho, MapMyIndia (~1%) 𝐏𝐞𝐚𝐤 𝐇𝐢𝐫𝐢𝐧𝐠: March 2024 (42K employees added) 𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐀𝐭𝐭𝐫𝐢𝐭𝐢𝐨𝐧: Sep 2023 (39K employees left) "We found that the compounded revenue growth among most unicorns has been in high double digits over a two year period and yet these unicorns have maintained stable employee numbers. This signals efficient usage of human capital even during periods of high growth," Murali Loganathan of Priva
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Highlights:

  • Top hiring hubs: Delhi NCR led the way, followed by Chennai and Bengaluru.
  • Declining cities: Mumbai, Pune, and Hyderabad saw net workforce decreases.
  • Attrition: Average rate at 4.5%; lowest at Zerodha, Zoho, and MapMyIndia (~1%).
  • Peak hiring: March 2024 added 42K employees; September saw 39K exits. 📊 A testament to efficient workforce utilization during high-growth phases!

That's all for now, until we meet again.

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