Insta
Start-Up India Gains Momentum: 1200 New Ventures Added In 2018, Investment Up By 100 Per Cent, Says NASSCOM Report
Swiggy India. (Representative image) (Twitter/swiggy_in)
According to NASSCOM (National Association of Software and Services Companies), an industry body that represents India’s IT companies, India added around 1200 new startups in 2018, up 20 per cent from last year when it added 1000 startups.
The report also noted that 2018 was one of the best years for the Indian ecosystem as 8 startups like Zomato, Swiggy, Byju’s gained the ‘Unicorn’ tag. This was the highest ever addition to the list in a single calendar year. ‘Unicorn’ startups are those that have a market value upwards of $1 billion.
The report states that startups are exploring a wide variety of segments with 50 per cent of the startups are working in the enterprise software, Fintech and Healthtech. Startups working on Data Analytics, IoT (Internet of Things) and Artificial Intellficne (AI) have witnessed the fastest adoption across different industry verticals.
PM Modi had launched its flagship, Startup India programme in 2015 to build a strong eco-system for nurturing innovation and Startups in the country. It has also floated Standup India that aims to promote entrepreneurship among marginalised sections of the society.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
