The year 2018 ended on a good note for the Indian startup ecosystem. Just a few days ago, the online food delivery startup Swiggy, which entered the ‘unicorn club’ earlier this year, raised $1 billion in a fresh round of funding led by existing investor Naspers.

Earlier this year, the hospitality chain startup OYO Rooms also received $1 billion from its existing investors that include SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners and others.

The VC funding during the year also surpassed the amount raised by the listed Indian companies through the primary capital market through Initial public offers (IPOs). During the year 2018, around 25 companies floated IPOs raising around Rs 34,117 crores (around $5 billion) from the investors, less than half of Rs 77,228 crores (around $ 11.88 billion) raised in the previous year.