India bags third slot in global startup space

India has emerged as the youngest startup nation in the world with over 72% of founders are less than 35 years old.

  1. The country has presence of more than 4,200 startups, making it the 3rd largest startup base worldwide.
  2. The sector grew at the rate of 40% over the last year, overtaking Israel.
  3. Around 1,200 tech startups were born in the year 2015, out of which more than 50% focus on e-commerce, consumer services and aggregators business.
  4. Bengaluru remains the hot destination for entrepreneurs to launch their business and was ranked 15 globally.

Reasons for growth of Startups in India :

  • Investment by business tycoons like Ratan Tata and Azim Premji in startups.
  • Rapid increase in the availability of risk capital.
  • Large Indian enterprises have also formed dedicated corpus to invest in startups.

Impacts of Startups on India :

  • It is contributing to the Indian economy in many ways.
  • It is positively impacting the lifestyles of citizens.
  • They are creating innovative technology solutions that are addressing the key social problems that India is facing.
Start-up Ecosystem In India
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