According to the NASSCOM-Zinov report on Indian technology start-ups the sector has created a whopping 80,000 jobs in the country in 2014-15.With 100 per cent growth in number of private equity, venture capitalists, angel investors along with a 125 per cent growth in funding over last year, Indian start-up ecosystem has risen to the next level. The total funding in the India based start-ups is estimated to be nearly $5 billion by 2015. Various central and state government start-up initiatives are further supporting this progressive phase of start-ups in India.
Key highlights of the report:-
· India is the youngest start-up nation in the world- 72% of the founders are less than 35 years old
· More than 50% of the 1200 startups focus on ecom, consumer services and aggregators
· 9% female founders and co-founders in startup ecosystem
· Number of accelerators grew by 40% from ~80 in 2014 to ~110 in 2015
· Total Funding in 2015, growth of ~125% over 2014
· Number of PE/VCs investment grown by 100% over 2014
· 80,000 jobs created by startups
Number of PE/VCs investment grew by 100% over 2014. Subsequently creating 80,000 jobs in the Indian #startup sector. pic.twitter.com/gL2GNHvs56
— NASSCOM (@nasscom) October 13, 2015
Key highlights of the report:-
· India is the youngest start-up nation in the world- 72% of the founders are less than 35 years old
· More than 50% of the 1200 startups focus on ecom, consumer services and aggregators
· 9% female founders and co-founders in startup ecosystem
· Number of accelerators grew by 40% from ~80 in 2014 to ~110 in 2015
· Total Funding in 2015, growth of ~125% over 2014
· Number of PE/VCs investment grown by 100% over 2014
· 80,000 jobs created by startups
India’s connected consumers driving growth. 50% #startups in '15 focus on consumer #internet, #aggregators or hyperlocal solutions. #NPC2015
— NASSCOM (@nasscom) October 14, 2015
