STARTUPS

The scenario of Indian startups

India has the 3rd largest start up ecosystem after China and US. According to the economic time survey, the Indian start up ecosystem has increased over the last six years, the number of start-ups in India has increased to 14000 in 2021-22.

The Indian start-ups have raised 42 billion dollars in 2021, some of them are- Share Chat, Cred, Meesho, Nazara, Moglix, MPL, Grofers, UpGrad, Mamaearth, GlobalBees, Acko, Spinny.

These start-ups are not only developing innovative solutions but also generating large-scale employment.

There are 13 female unicorn entrepreneurs in 2021. Some of them are- Falguni Nayar (Nykaa), Gazal Kalra (Rivigo), Ruchi Kalra (OfBusiness), Divya Gokulnath (Byju’s), Ghazal Alagh (MamaEarth), and Saritha Katikaneni (Zenoti).

According to the survey, 20% of unicorn founders are non-engineers, and two-thirds of Indian unicorns have at least one or more founders from IITs, IIMs, or ISB.

In the recent budget 2022-2023, the government has allocated Rs 283.5 cr for the start-up India seed funding scheme that aims to provide funds to start-ups for product trials, market entry, and prototype development.

Source – economictimes.indiatimes.com

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