Indian Startups

India Startup Report 2014 – India is Fastest Growing & 3rd Largest Start-Up Ecosystem Globally

0
India Startup Report 2014 - India is Fastest Growing & 3rd Largest Start-Up Ecosystem Globally

india-startup_report_2014

Yesterday, NASSCOM Unveils key findings of India Start-up Report 2014 at the 11th edition of its annual flagship Product Conclave in Bangalore. The conclave builds on the fast growing product and startup ecosystem in the country and provides a platform to engage with thought leaders in the product space, discuss issues of common interest and network with startups and partners to create a common framework for the future of the product startup ecosystem in India. The event will feature 225+ international and national speakers, showcase of 120+ product companies and curated 250+ meetings.

The NASSCOM top Emerge 10 companies will also be showcased on the sidelines of the conclave. These success stories are a mixture of burgeoning product innovations and exciting new solutions.

Key findings of India Startup Report 2014 by NASSCOM

  • ~3100 startups present in India, 3rd largest base in the world
  • 800+ start-ups setting up annually
  • By 2020 there would be ~11500 startups; employing over 250k people
  • ~300 VC/ PE & ~225 angel investment deals worth over USD 2 billion
  • Over 20 M&A’s worth ~USD 1 billion in last 3 years

The growth of the software product industry in recent years has signaled a transformation – in India and across the globe. With increasing numbers of online active users becoming consumers of e-commerce solutions and the related marketplaces, Indian startups today are building global digital solutions to capitalize on this rapid growth. Hyper-growth, capital availability and acquisitions are the leading drivers of the growing startup ecosystem in India. Indian start-ups today are well positioned to address the entire Asian market opportunity and also expand beyond the US and European region.

Expressing his views, Mr. R Chandrashekhar, President, NASSCOM, said, “The Indian startup ecosystem is rapidly evolving driven by an extremely young, diverse and inclusive entrepreneurial landscape. This is leading to emergence of focused domain solutions for verticals like healthcare, agriculture, and education etc. An additional driving force is a four-fold increase in access to capital through VCs, angel investment and seed funding is allowing Indian entrepreneurs to work on building tailor-made products for their customers. Simultaneously, we need to also work addressing challenges on creating supportive government policies in terms of ease of doing business, tax incentives, participation in government contracts, availability of risk capital etc. NASSCOM will continue to actively engage with stakeholders across to address these challenges.”

Speaking on the sidelines of the conclave, Mr. Ravi Gururaj, Chairman, NASSCOM Product Council, said “Scaling up, Design and Growth Hacking are the key priority for startups today. On the innovation front, it is imperative to increase collaboration and partnerships for product companies with platform players, IT Services, Global MNCs and CIOs. The conclave this year will showcase interesting technologies that are evangelizing the product space and that are poised to become ubiquitous across both the consumer and industrial fabric of our society.”

Like this content? Sign up for our daily newsletter to get latest updates.

Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

11,500 Startups To Come Up In India By 2020 – NASSCOM

Previous article

Bangalore Startup iViz Acquired by US-Based Security Firm Cigital

Next article

Comments

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.