ndian Start-up Landscape Displays Promising Future With more than 3,000 tech start-ups, India is the fourth largest base for young businesses in the world and it is expected that by 2020 the base will increase to 11,500 tech start-ups. This along with other interesting findings were revealed in ‘Tech Start-up in India: A Bright Future’ a study report by National Association of Software and Services Companies (NASSCOM) and Zinnov. The report suggests that the Indian start-ups with their unique solutions are witnessing increased traction in global whitespace opportunities such as Internet of Things, augmented realty, smart hardware, BI and many more.
With technology spreading its wings into different domains, ‘Domain+Tech’ solutions are taking over other trends. The emerging niche technology solutions are primarily focused on Ad-tech, Edu-tech, Health-tech, Agri-tech and many more. Geographically, Bangalore and National Capital Region (NCR) tops the chart for being home to maximum number of young businesses.
The findings also highlight that many trends are maturing in the ecosystem, especially funding aspect. Multiple and easily accessible platform like VC/PE, angel investors, incubators, financial institutes and even banks, are the driving force for the same. In fact, during 2010-2014 timeframe close to USD 3 billion is expected to be invested in Indian start-ups. Commenting on the new evolution of the ecosystem, Mr. Rajat Tandon, Senior Director, NASSCOM 10,000 Startups, added that “These latest findings clearly indicate the beginning of the golden era for young tech-based businesses, where opportunities for growth are much larger than the challenges in the ecosystem. We are proud to be once again at the cutting edge in helping to support a growing niche within this field, and we are excited to ink new partnerships as we close the year to accelerate our efforts in that direction.” For more details, download your free copy of the report. Share!