One small step is one giant leap for the mankind! Narendra
Modi government’s Startup India initiative seems to be similar leap in turning
bright innovative ideas into emerging entrepreneurial opportunities.
According to a NASSCOM 2015 report, India received over USD
5 billion worth investment in 2015 with three to four startups emerging
every day. India also secured third position in the world in terms of the number
of startups, with a growth of 40%, by the end of 2015.
As per the statistics in the report, the number of active
investors in the ecosystem too grew from 220 in 2014 to 490 in 2015,
depicting a 2.3X growth.
Further, with 8 out of every top 10 VC/PE Firms in India
being foreign, the global investment in the Indian ecosystem means increased FDI.
Besides, the total funding in 2015 grew by 125% over 2014.
Similarly, the number of accelerators grew by 40% from 80 in 2014 to 110 in
2015.
India serves as the fastest growing startup-base worldwide
and stands third in technology-driven product startups just after the United
States and United Kingdom, respectively.
In what could be termed as some cheering news for India, the
startup boom has also led to generation of over 80,000 to 85,000 employment
opportunities, with more than 65% of the startup being headquartered in Mumbai,
Bangalore and National Capital Region (NCR).
Majority of the new startups are B2C, primarily present in 3
segments namely E-commerce, consumer services and aggregators followed by
hyperlocal, health-tech, edu-tech and analytics.
It’s highly motivating to know that not only the new
emerging startup ecosystem is young, but also about 72% of the founders of the new
startup era are less than 35-year- old.
So if you are young and have a dream to achieve, this is
just the time to standup and be a part of this initiative.
