At last count, there were over 3,000 IoT startups globally.These are spread across the globe with no concentration in any geography and over $12.5 billion has been invested in IoT startups globally in the last five years. In 2016 alone over 636 cumulative IoT deals received investments of over $4 billion with 59 exits according to CB Insights. VCs, corporate funds, Chinese EMS majors, crowdfunding and traditional corporates have joined the IoT investor bandwagon.Globally , India is the third largest startup ecosystem with nearly 500 IoT startups. Funding of IoT startups in India is relatively new with a few receiving seed and angel rounds in 2013 and 2014 while most startups bootstrapped. Indian IoT startups are maturing with significant learning on technology , pilot deployments, pricing models and channel strategy.

Source: Economic Times February 28, 2017 05:37 UTC