The top 5 VC funded startups in 2011 were: 1) SnapDeal, an Indian daily deals site which raised $52 million. 2) Yatra, an online travel company which raised $45 million and claims over 10,000 daily ticket volumes. 3) Happiest Minds, a Bangalore IT services startup founded in 2011 which raised $45 million from Canaan Partners and Intel Capital.

1. Top 5 VC Funded Startups in 2011

2. SnapDeal | Ecommerce
Funds Raised: $52 million
Funding Stage: Series B and C Delhi-based SnapDeal is India's answer to US
daily deals site Groupon.
Investor (s): Nexus Venture Partners,
IndoUS Venture Partners, Bessemer
Venture Partners
It offers daily deals in close to 100 cities across
categories such as dining, health, personal care
Founder (s): Kunal Bahl, Rohit Bansal services, branded products and travel.
Sector: Internet The company was founded in early 2010.
Sub Sector: Ecommerce

3. Yatra | Ecommerce
Funds Raised: $45 million
Gurgaon-based online travel startup Yatra, founded in 2006,
Funding Stage: Series C
reported gross revenues of $500 million for the financial year
ended March 2011.
Investors: Valiant Capital,
Norwest Venture Partners,
Intel Capital The company offers and air and railway ticketing services and
hotels and holiday bookings.
Founder (s): Dhruv Shringi, Manish Amin
and Sabina Chopra It claims volumes of over 10,000 tickets and 600 rooms a day.
Sector: Internet
Sub Sector: Ecommerce

4. Happiest Minds | Software
Funds Raised: $45 million
Happiest Minds is a Bangalore-based information
Funding Stage: Series A
technology services startup founded in 2011 by
Investors: Canaan Partners, Intel Ashok Soota.
Capital, Founder
Founder (s): Ashok Soota The company builds solutions using cloud
computing, social media and mobility for sectors such
Sector: Technology as manufacturing, financial services and media.
Sub Sector: Software Services

5. Fashionandyou | Ecommerce
Funds Raised: $40 million
Fashionandyou is an online shopping site for fashion
Funding Stage: Series B and luxury brands.
Investors: Norwest Venture Partners,
Intel Capital, Sequoia Capital, Nokia It is owned by Delhi-based digital media and solutions
Growth Partners company Smile Group.
Founder (s): Pearl Uppal, Harish Bahl
The company was founded in 2009 and owns a host of
Sector: Internet online businesses including Dealsandyou, Freecultr,
Quasar, Tyroo and BeStylish.
Sub Sector: Ecommerce

6. Naaptol | Ecommerce
Funds Raised: $25 million
Funding Stage: Series B
Mumbai-based Naaptol, founded in 2008, is a
comparison-based shopping portal.
Investors: New Enterprise Associates,
Canaan Partners, Silicon Valley Bank
It offers 470 brands across categories such as
Founder (s): Manu Agarwal consumer electronics, fashion, home and books.
Sector: Internet
It also runs a private shopping site called Naaptol
Sub Sector: Ecommerce
Club. The company employs 60-odd people.