Consumer technology tops investors’ list in Q1 2019; check out other sectors that received highest funding

Startups in the consumer technology space have got a maximum share of investors’ wallet in the first quarter of the calendar year (CY) 2019. Out of 85 rounds of investments made, a total of $1.75 billion was poured in the consumer technology sector, showed data by startup data platform Tracxn. Across sectors, some of the major rounds in the first quarter saw Delhivery’s $413 million round led by Softbank, Ola’s $300 million from Hyundai and Kia, $150 million raised by Bigbasket from Mirae Asset and Alibaba, $100 million raised by OYO from Didi Chuxing, and CarDekho’s $110 million from Sequoia, Capital G etc.

Interestingly, technology companies in the auto sector, that saw prominent fundraising deals by Ola and Cardekho, secured second highest capital from investors in January-March 2019. During the period, $692.98 million was invested across 19 deals in the sector.