At least 14,000 new startups acknowledged in India, up 20 instances in 5 years
- ByStartupStory | February 1, 2022
As start-united states spread throughout India and new hubs emerge, the world’s third-biggest environment now has greater than 61, four hundred acknowledged start-united states and eighty-three unicorns with a complete valuation of $277.seventy-seven billion.
India`s start-up scene has been brimming with self-belief and extreme hobby over the last few years, however, 2021 noticed a brand new high—a document forty-four Indian start-united states done unicorn status, taking India`s universal tally to eighty-three. As consistent with the Economic Survey 2021-22, 14,000 new start-united states had been acknowledged through the Government of India as in opposition to 733 stated in 2016-17. The country`s rating withinside the Global Innovation Index, too, moved to forty-six from 81.
The year 2021 additionally witnessed 555 districts check-in as a minimum one new start-up—a majority of them being in Rajasthan, Delhi, Uttar Pradesh, Maharashtra, Gujarat, Karnataka, and Kerala—as in opposition to 121 districts in 2016-17. Over the previous couple of years, Delhi has changed Bengaluru because of the start-up capital of India. Over 5,000 acknowledged start-united states had been delivered in Delhi, at the same time as 4,514 start-united states had been delivered in Bengaluru between April 2019 and December 2021. With a complete of 11,308 start-ups, Maharashtra has the wide variety of acknowledged start-ups.
It is genuine that 2021 has visible remarkable ranges of funding. A large wide variety of unicorns and, more importantly, a chain of hit IPOs have proven that India can produce agencies of scale and create sizable shareholder value. That has certainly caused accelerated investor interest from across the world,” says Rajan Anandan, MD, Sequoia India.
He additionally stated that India`s deep expertise pool and fast adoption of technology, in addition, improved through Covid-19, generated tailwinds which suggested that increasingly more Indian agencies are creating a mark on the worldwide economy. “We desire that the Indian authorities open up the choice for distant places list subsequent yr, including an in addition raise to the startup ecosystem.
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