ML | Investment Sizing Report
release date - Feb 05, 2020
women only founding teams
mixed gender founding teams
men only founding teams
the week on week deals heatmap for January 2020 - India
men only founding teams dominate the scene by a wide margin when compared to mixed gender or women only founding teams
interpreting the heat map
data is grouped by week number of 2020 (when deal was reported)
map is categorised by gender of the founder/founding team
size of the square represents total number of deals reported during the week
colour represents total funding volume - all deals combined during the week
deal volume represents sum of all deals reported during the week
the legend depicts the outer limit of the range of (deal volume in million USD)
$3. 2 billion raised by 124 firms with 58 disclosed purposes with deal size varying between $0.013M to $450M. Deal details are presented in the dataset below, followed by insights generated through close examination of each deal
deals transacted in the Indian startup ecosystem overJanuary 2020
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a drop in the ocean
The total deal volume (tracked disclosed deals) in India was 3205.2 million USD
enterprises led by only women founders received 0.07% share of this while combination of women and men founding teams received 10.7% of funds while startups led by men only dominated the funding with 89.2% of all funding.
startups led by women only founders were on an average older than startups led by men only or mixed gender founding teams
early stage financing dominated the number of deals with 35 deals in the angel/seed/pre seed stages followed by pre Series A & Series A stages at 8 and 14 deals respectively
enterprises led by women only founding teams were represented apart from the debt financing round (which is usually expected) also in the very early stage financing rounds.
mixed gender founding teams were part of deals across most stages except in disproportionately smaller numbers, though significantly higher than women only founding teams
a total of 124 deals were tracked by myrna labs for the month of January 2020 in India
Cities that grossed the lion share of funding in January 2020
the top five cities grossed 87% of the funding with Bangalore alone grossing almost 46% of all funding
Mixed gender founding team were represented in Gurugram and Bangalore while women only founding team was represented only in New Delhi.
Of the total funding attracted by Bangalore only 19.2% went to mixed gender foundnig teams while the rest went to men led startups
deal size comparison by gender of founders
the (disclosed) purpose behind the fundraise
At least 40 deals were transacted to help startups expand in the Indian market - the highest number of deals against a particular purpose recorded in Jan 2020
With 37 deals, product/platform development was a close second
Expansion in existing international locations featured in only one deal (with a women only founding team)
Hiring new talent featured in 23 deals, especially around sales/marrketing talent. 7 deals were identified that specifically aimed at ramping up STEM talent with representation of all three founding team gender combinations.
29 of the total 58 purpose tags that featured across deals in India in January 2020, were exclusively used by men led firms. International expansion, driving profitability targets, cutting down losses to funding future capital requirements featured prominently across these deals
investors & founders
male founders outnumber mixed gender founding teams while women only founding teams remain a minority
413 investors (disclosed) & 249 founders were part of the deals reported in Jan 2020
ML - Investment Sizing Report - Monthly
this monthly report includes disclosed deals reported during the course of Jan 01 - Jan 31, 2020
all reported funding rounds are accounted. Rounds that were not specifically attrinuted to a stage is classifed under Not Attributed. If our analytics indicated the possibility of this being a PE round, the same has been accounted for in PE round
funds received from corporate (parent) has also been included
India deals includes mainly investments in Indian startups (some of them operate with two HQs - one in India and the other in a different country, usually the other country is USA); the data can also include (rarely) investtments made in firms with HQ in other countries but with India as a key existing or potential market or if the funds raised were specifically to expand presence in India
the analysis includes deals that have been reported and amounts that have been disclosed and/or gathered by myrna labs directly through a wide variety of sources which includes corporate website and press releases, regulatory filings, media reports and other online and offline sources.
additional insights generated during the period - for instance gender intelligence on investors involved in the transactions of Jan 2020, is shared with clients only
the purpose tag whenever mentioned against an acquisition/merger refers to the purpose of the acquirer and not the acquired. For all other deal types, the purpose tags refers to the purpose of the fund recipient.