1. 1000+ new start-ups added (7% YoY growth)
2. 35% Mortality rate
3. 50%+ of new start-ups were in B2B segment with Fintech & Healthtech leading the pack
4. IoT, AR (augmented reality), Blockchain emerged as new sectors followed by Robotics & 3D Printing (with Logistics, Agri tech, SaaS sectors emerging in Tier II & III cities)
5. Bengaluru, NCR, Mumbai were major hubs
6. Tier II & III cities accounted for 20% of start-ups
7. 18% YoY growth in Social start-ups
8. Total amount of funding increased
9. Funding surged from 27% to 32% in B2B sector
10. Unicorns' funding rose to $6.4B
11. 53% dip in Seed-stage funding
12. Funding for start-ups that were founded in the last 5 years slipped from $2B to $1.8B
13. 30% increase in Accelerators
14. Non-US investors started to foray into India
15. Number of mergers/acquisitions rose, with many non-tech Indian companies acquiring start-ups
16. Indian government’s (NaMo's) continued its constant push towards creating a conducive startup environment via initiatives like 'Startup India', 'Standup India', 'Digital India'. Government also eased policies around running-businesses - better taxation policies implemented, easier methods to start up, greater access to loans, scaled-up support to establishing incubation centers. Government floated 50+ sector-specific & sector-agnostic schemes including Single Point Registration Scheme (SPRS), Bank Credit Facilitation Scheme, Pradhan Mantri Mudra Yojana (PMMY), etc. It also amended the new General Financial Rules, where it will give priority to products from Indian startups in official procurement.
17. 72% founders were less than 35 years old
18. Demonetization & GST fueled FinTech's growth
19. India ranked:
3rd largest start-up market, only after USA & UK
60th in Global Innovation index
2nd in Global Fintech-adoption index
5th in solving social issues with innovation
3rd in number of Startup Incubators/Accelerators, after China & USA
2. 35% Mortality rate
3. 50%+ of new start-ups were in B2B segment with Fintech & Healthtech leading the pack
4. IoT, AR (augmented reality), Blockchain emerged as new sectors followed by Robotics & 3D Printing (with Logistics, Agri tech, SaaS sectors emerging in Tier II & III cities)
5. Bengaluru, NCR, Mumbai were major hubs
6. Tier II & III cities accounted for 20% of start-ups
7. 18% YoY growth in Social start-ups
8. Total amount of funding increased
9. Funding surged from 27% to 32% in B2B sector
10. Unicorns' funding rose to $6.4B
11. 53% dip in Seed-stage funding
12. Funding for start-ups that were founded in the last 5 years slipped from $2B to $1.8B
13. 30% increase in Accelerators
14. Non-US investors started to foray into India
15. Number of mergers/acquisitions rose, with many non-tech Indian companies acquiring start-ups
16. Indian government’s (NaMo's) continued its constant push towards creating a conducive startup environment via initiatives like 'Startup India', 'Standup India', 'Digital India'. Government also eased policies around running-businesses - better taxation policies implemented, easier methods to start up, greater access to loans, scaled-up support to establishing incubation centers. Government floated 50+ sector-specific & sector-agnostic schemes including Single Point Registration Scheme (SPRS), Bank Credit Facilitation Scheme, Pradhan Mantri Mudra Yojana (PMMY), etc. It also amended the new General Financial Rules, where it will give priority to products from Indian startups in official procurement.
17. 72% founders were less than 35 years old
18. Demonetization & GST fueled FinTech's growth
19. India ranked:
3rd largest start-up market, only after USA & UK
60th in Global Innovation index
2nd in Global Fintech-adoption index
5th in solving social issues with innovation
3rd in number of Startup Incubators/Accelerators, after China & USA
Source:
Entrepreneur.com/article/304078
Yourstory.com/2017/12/challenges-achievements-indian-startup-ecosystem-2017/
Yourstory.com/2017/12/challenges-achievements-indian-startup-ecosystem-2017/
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