![]() ![]() In the first 10 months of 2014, there was an average of 24 deals a month, shows data from Tracxn, a startup data collection and analysis firm. In August- Oct 2015, there was an average of 53 funding deals a month, compared to 43 transactions in the first three months of 2015. However, the cheque sizes are shrinking, indicating that investors want their firms to be more careful about their spends. Though there's much hullabaloo about some startups retrenching employees and struggling to raise fresh rounds, data shows that many more funding deals are happening now than earlier in 2015 or, indeed in 2014. Number of venture capital deals and overall funding, 2014, 2015 Graphic courtesy: The Times of India, November 14, 2015 The domestic space sector, which currently accounts for 2% of the $447 billion global space economy, is expected to capture a much larger share going forward. The survey also pointed to the growth of startups in the space sector that shot up from 11 in 2019 to 47 last year. ![]() 5 lakh jobs in the country, wants to register around 50,000 new startups in the four years. The department for promotion of industry and internal trade (DPIIT), which earlier said government-recognised startups have created around 6. India boasts over 80 unicorns with an overall valuation of around $278 billion, while the total number of recognised startups in the country currently stands at 61,400. Under the digital initiative, other than having access to alternative investment funds, startups enjoy the benefit of an easier winding down process, as well. Government recognition offers several benefits to a startup, including exemptions on income tax and capital gains. Similarly, 555 districts had at least one new startup in 2021compared to only 121 districts in 2016-17, according to the survey.įor the rapid progress, stalwarts in the startup sector lauded the government’s Startup India initiative launched in 2016. Only 733 startups were registered during 2016-17. In addition, at least 14,000 new startups were recognised in India last year, up around 20 times in five years. While 44 startups became unicorns (valued at more than $1 billion), India overtook the UK to emerge as the country with the third-highest number of unicorns after the US and China that added 487 and 301 unicorns respectively in 2021. Last year, India’s booming startup ecosystem, too, set new records. Maharashtra, with 11,308 recognised startups, tops the charts among states. Delhi added more than 5,000 recognised startups between April 2019 and December 2021 compared to 4,514 added to the total tally of the Silicon Valley of India. New Delhi/Bengaluru: Delhi NCR has dethroned Bengaluru as the startup capital of India, the Economic Survey for 2021-22 showed, highlighting the rise of the national capital on the startup ecosystem. New Startups recognised in 2021-22 (till Dec 22, 2021)įrom: February 1, 2022: The Times of India Over 50% foreign funding in Indian startups from non-US investors, July 16, 2018: The Times of India ![]()
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