Which were the most funded Indian startups of 2016?
The year 2016 witnessed more startup deals than the previous year, with e-commerce platform ShopClues and messaging app Hike joining the billion-dollar club. Paytm raised ₹400 crore at a valuation of $5 billion in August. In September, Facebook CEO Mark Zuckerberg's Chan Zuckerberg Initiative made its first Asian investment by infusing $50 million in Bengaluru-based ed-tech platform Byju's.