•

•

•

•

•

•

•

607.2

344.9 388.1

702.5

1136.6

FY12 FY13 FY14 FY15 FY16

FY16 saw highest deal activity by angel groupsInvestment volumes (Rs. MM)

411.9

201.9 189.2

333.6

Q1FY16 Q2FY16 Q3FY16 Q4FY16

FY16 QoQ Investment trends (Rs. MM)

2732

47 47

69

FY12 FY13 FY14 FY15 FY16

No. of Deals

1715 16

21

Q1FY16 Q2FY16 Q3FY16 Q4FY16

QoQ Deal growth

61.4

50.0

66.8

90.0

99.6

FY12 FY13 FY14 FY15 FY16

Pre-money valuations rose by 10% in FY16Median pre-money valuation (Rs MM)

73.0

120.0

100.0 107.5

Q1FY16 Q2FY16 Q3FY16 Q4FY16

QoQ Median Valuation (Rs. MM)

13%

39%24%

7%

11%

6%

Breakup of companies by valuation range (Rs. MM)

0-50

50-100

100-150

150-200

200-300

300+

9

25

14

6

5

10

No. of deals

37%32%

37%

24%

10%

4%

24%8%

16%36%

26%

20%

21% 29% 20%

22% 4% 21% 18%

5%

3%2%

7%

9%

8%

20%

11%6%

21%

FY12 FY13 FY14 FY15 FY16

NCR emerged as the hub of choice for angel investmentsCity wise share of angel group investments by value

Other

Hyderabad

Chennai

Benguluru

NCR

Mumbai

116.2

24.9

29.8

31.5

42.1

54.5

62.5

100.7

116.5

149.2

194.7

211.6

Other

Social Network

Financial Services

Education

Consumer Services

Healthcare and lifesciences

Marketing and Advertising

Logistics

E-Commerce

Food

IT / ITES

Consumer Internet andMobile

Sector wise investment (Rs. MM)

16.6

8.3

14.9

11.3

14.0

13.6

12.5

20.1

23.3

18.6

19.5

15.1

Average investment (Rs. MM)

7

3

2

3

3

4

5

5

5

8

10

14

No. of Deals per sector

11%

13%

16%

11%

49%

Median age of a start up was 22 months, when funded

Break up of companies by age in months

0-6

6-12

12-18

18-24

24+

Pre-revenue

29%

Revenue generating

71%

Preference for revenue generating start ups continues

Break up of companies by revenue stage

B2B29%

B2C71%

Consumer businesses accounted for the large majority of deals

Break up of companies by B2B / B2C focus

36%

35%

24%

5%

A start up had, on average, ~2 co-founders

Break up of companies by number of founders

1 2 3 4

No female founders

76%

At least one female founder

24%

A fourth of all start-ups had a female co-founder

Share of companies with a female co-founder

Serial entrepreneurs

28%

First time entrepreneurs

72%

A majority of founders were starting up for the first time

Distribution of founders by start up experience

Source: InnoVen analysis based on data collected from angel groups, LinkedIn and company websites. Data represents founders of start ups funded by angel groups in FY16.

18%

14%

28%

23%

17%

Founders had on average ~8 years of experience prior to starting up

Distribution of founders by years of experience

0-2

2-5

5-10

10-15

15+

Non-engineers

33%

Engineers67%

The majority of founders were engineering graduatesBreakup of founders by graduate qualification

No PG34%

PG - Non-tech5%

PG -Tech15%

MBA46%

Most founders also had a PG degree, with the MBA being the most common qualification

Breakup of founders by PG degree

23% of

engineer

founders

were from

the IITs

16% of

MBA

founders

were from

the IIMs

Source: InnoVen analysis based on data collected from angel groups, LinkedIn and company websites. Data represents founders of start ups funded by angel groups in FY16.

Exited18%

Wound down7%

Operational75%

Overall distribution of companiesby current status

43%

20% 18% 17%13%

3%

13% 18%

4%8%

53%

67% 64%

79% 79%

100%

Prior to FY11 FY11 FY12 FY13 FY14 FY15

Year funded

Break up of companies by current status and year of funding

Operational

Wounddown

Exited

Source: Analysis based on a sample of 146 portfolio companies from FY05-FY15 submitted by angel groups

Current

status

69%

40%

53%44%

37% 34%

12%

30%11%

40%

32%

56%

4%20% 37%

12%

32%

9%15%

10%4%

Prior to FY11 FY11 FY12 FY13 FY14 FY15

Year funded

Break up of companies by further rounds raised and year of funding

5+

2-4

1

0

46%

32%

17%

5%

Distribution of companies by further rounds of capital raised

0 1 2-4 5+

Source: Analysis based on a sample of 146 portfolio companies from FY05-FY15 submitted by angel groups

Rounds

raised