Startups India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015
According to research, Indian startups raised more than $12 billion in the first three months of 2022, compared to $4 billion in the same period the previous year. During the first quarter of this year, 528 firms, including 324 in their early stages and 123 in their growth stages, disclosed investment rounds totalling $12.06 billion, according to data tracking website Fintrackr.Â
According to figures published in December by a top startup journal, India has 82 unicorns with a total financing of more than $38.4 billion (from 2014 till December 4, 2021). According to Hurun Research Institute, India was the world’s third largest startup ecosystem this year, behind the United States and China.
According to a PwC India research, Indian entrepreneurs got unprecedented funding in the third quarter of last year, with $10.9 billion invested across 347 deals. Meanwhile, according to a recent research, India is anticipated to produce over 100 unicorns by 2022 as a result of increased investment activity.
The number of software-as-a-service (SaaS) companies in India has doubled in the last five years, and revenue from SaaS companies in India is expected to reach $30 billion by 2025.
Published By: Apoorva Wakodikar
Edited By: Subbuthai Padma
