India is now at the third number in the list of countries where the growth of start-ups is the fastest. There has been a growth of 40% in YOY basis and as per Nasscom, by the end of 2015, the number of start-ups will surpass the count of 4200.
“We are the fastest growing eco-system in the world – so the first big wow number. Compared to last year, we have moved up from being the fourth largest ecosystem in the world to the third largest. If all goes well, next year by this time we should be the second largest,” as told to NDTV by NASSCOM President Chandrasekhar.
As per a report published in The Hindu, by Nasscom and research firm Zinnov, around 1200 technology start-ups took their first breath in the year 2015 and out of these 1200, 50% deals in e-commerce, consumer services and aggregators business.
Every day 3 or 4 start-ups are set up with capital investment of worth $5 billion. With 72% of founders less than 35 years old, India has become the youngest start-up nation worldwide and there has been a 50% increase in the number of female entrepreneurs in 2015 on YOY basis.
Bengaluru has been ranked 15 globally as the Indian entrepreneurs are attracted most towards it for setting up their business.
Some main points of Nasscom’s report:
- With 72% of the start-up founders of less than 35 years, India has become the youngest start-up country worldwide.
- The amount of funding done every week is $95 millions.
- Number if M&A deals is over 65
- Out of 1200 start-ups, 50% deals in e-commerce, consumer services and aggregators.
- The percent of females in the position of founder or co-founder of start-ups is 9%.
- There is an increase of 125% in total funding in 2015 in comparison to 2014.
- Jobs created by start-ups – 80,000.
- 123% of growth in a year in the number of active investors as it grew to 490 in 2015 from 220 in 2014 to 490.
- Over 65% of the start-ups are set up in NCR, Mumbai and Bangalore.
- Every day 3-4 start-ups come into existence.
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