The Indian technology start-ups landscape has seen a tremendous growth in the emergence of innovative start-ups and creative entrepreneurs. In terms of providing a conducive ecosystem for the start-ups to thrive, India has moved up to third position and has emerged the fastest growing base of start-ups worldwide.
India is one amongst the first five largest startup communities in the world with the number of start-ups crossing 4,200, a growth of 40 per cent, by the end of 2015., says a report by NASSCOM and Zinnov.
“The maturing Indian start-up ecosystem is now contributing to the Indian economy in many ways. To enable the next stage of growth for these start-ups, NASSCOM will work closely with the government to ensure ease of doing business, by simplifying procedures and create a conducive environment for these start-ups to grow,” says R. Chandrashekhar, President, NASSCOM.
With 100 per cent growth in number of private equity, venture capitalists, angel investors along with a 125 per cent growth in funding over last year, Indian start-up ecosystem has risen to the next level. The total funding in the India based start-ups is estimated to be nearly $5 billion by 2015. Various central and state government start-up initiatives are further supporting this progressive phase of start-ups in India.
Key Highlights
- India is the youngest start-up nation in the world- 72% of the founders are less than 35 years old
- More than 50% of the 1200 startups focus on ecom, consumer services and aggregators
- 9% female founders and co-founders in startup ecosystem
- Number of accelerators grew by 40% from ~80 in 2014 to ~110 in 2015
- Total Funding in 2015, growth of ~125% over 2014
- Number of PE/VCs investment grown by 100% over 2014
- 80,000 jobs created by startups
