After the success of the first edition in 2014, the second edition of NASSCOM-Zinnov report titled “Start-up India – Momentous Rise of the Indian Start-up Ecosystem” is a treasure of facts and trends on the Indian start-up ecosystem.
India will have around 10,500 startups by 2020 and around 1,400 new startups by the end of 2016, according to a report by Nasscom- ZINNOV.
India occupies the third place behind the U.K. and the U.S in terms of a huge start up base.
Investors are eyeing verticals such as health-tech, finance, education, e-commerce among others in India. Undoubtedly, India’s IT capital Bangalore, Delhi and Mumbai continue to remain the major start up hubs in the country.
“The start-up landscape in the country is becoming the epitome of innovation, with companies bringing out solutions that are aimed at solving locally relevant issues… Nasscom believes that the contributions by startups have been growing at a rapid rate and the landscape has a huge potential in terms of business stability, revenue growth and further innovation,” said Nasscom Chairman C P Gurnani.
Over 30 new academic incubators have been established under the government’s ‘Start-up India Stand-up India’ initiative this year, and tier-II/III cities have established 66% of the new incubators, it added. The number of student entrepreneurs has jumped this year, according to the report. Despite fears of a slowdown in interest, the number of active angel investors has grown from 115 in 2014 to 292 in 2015
The report clarifies the current scale and size of the start-up landscape, factors that are impacting the growth of the overall ecosystem and steps that need to be taken to make the environment more conducive for start-ups.
