Startups get $7 bn from PEs, VCs in 2018; lions share goes to Oyo, swiggy

E-commerce and consumer Internet companies have raised over $7 billion in private equity and venture capital funds in 2018, says a report.

Of the total investment, startups such as Oyo, Swiggy, Byjus, Paytm Mall, Pine Labs, Zomato, Udaan, Policybazaar and Curefit collectively raised the lions share of $4.6 billion in 2018, says an EY report.

The report covers sectors such as travel and hospitality, edutech, payments and wallets, fintech and healthtech, among others, as part of the e-commerce and consumer internet segment.

A few large deals included Walmarts acquisition of Flipkart for $16 billion, Alibabas investment in Bigbasket and Paytm, Tencents investment in Dream11, and Naspers investment in Byjus and Swiggy.