Indian start-up ecosystem becomes more competitive with increasing investor interest
Live MintPrivate equity investors in India are beginning to grow an appetite for investing in tech start-ups. This year, however, there has been a 1.5x increase in the number of PE investors backing tech start-ups, from 40 in 2018 to 60 in 2019, according to a Nasscom report on the Indian Tech Start-up Ecosystem – Leading Tech in the 20s, released on Tuesday on the side-lines of the of the 16th Anniversary Edition of NASSCOM Product Conclave 2019 in Bengaluru. Adding over 1300 start-ups in 2019, India continues to be the third largest start-up ecosystem across the world, taking the total number of tech start-ups to 8900-9300 in the last five years. The number of unique venture capital investment firms grew by 20% this year from 210 last year to 250 this year and included the likes of Das Capital, Cornerstone Venture Partners and Alpha Venture Partners. “Indian start-up ecosystem is becoming more competitive for investors,” the Nasscom report noted.