Data | What is the state of start-ups in India
4 years, 11 months ago

Data | What is the state of start-ups in India

The Hindu  

The startup ecosystem is only concentrated in a few States as of 2019. States with the highest start-ups image/svg+xml Preferred sectors The data and analytics sector was the most preferred choice for start-ups by a wide margin, followed by health, education and agriculture. Which sectors had the most start-ups image/svg+xml Funding sources Friends and families remain the biggest source of funding for start-ups. The graph shows the % share of funding source among the surveyed start-ups. What were the sources which funded start-ups image/svg+xml Income split While one-fourth of respondents reported annual turnover up to Rs 10 lakh, nearly one-fifth reported above Rs 1 crore.

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History of this topic

Public procurements may come with startup quotas
1 month, 1 week ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

India’s startup scene is picking up speed again
1 month, 3 weeks ago

India’s startup scene is picking up speed again

Hindustan Times  

Visitors to Bangalore, India’s tech hub, quickly learn why locals measure distances in minutes and not kilometres. India’s startup scene has had a difficult few years, as funding dried up and once high-flying firms crashed back down to earth. In January the banking arm of Paytm, an Indian fintech giant, was ordered by India’s central bank to stop all services …

Start-up funding falls 7% to $7.6 billion in January-September
3 months, 2 weeks ago

Start-up funding falls 7% to $7.6 billion in January-September

New Indian Express  

NEW DELHI: Indian start-ups have secured only $7.6 billion in funding in the last nine months, marking a 7% decline from $8.2 billion in 2023 and a 66% fall from $22.4 billion funding in 2022. The retail sector managed to attract $1.95 billion in funding so far this year, and this is a 23% increase from 2023 but a 61% …

Start-up India to move out of Invest India’s ambit: Goyal
3 months, 3 weeks ago

Start-up India to move out of Invest India’s ambit: Goyal

The Hindu  

Commerce and Industry Minister Piyush Goyal on Monday announced the Centre’s Start-up India initiative will be moved out of the aegis of the official investment promotion and facilitation agency Invest India, to a new non-profit company that could also house the National Start-up Advisory Council. “I took a decision a few days back… Let us create a company, under Section …

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi
5 months, 2 weeks ago

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi

New Indian Express  

NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha. He stated that the Government, to build a strong ecosystem for nurturing innovation, startups, and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on January …

19 Start-ups in Kalyana Karnataka Region Get ₹2 Crore Boost
5 months, 2 weeks ago

19 Start-ups in Kalyana Karnataka Region Get ₹2 Crore Boost

Deccan Chronicle  

Kalaburagi: In a major push to foster entrepreneurship in the Kalyana Karnataka region, 19 start-ups have received significant support under the 'Elevate' scheme, launched by the Department of Information Technology. IT-BT, Rural Development and Panchayat Raj and Information Technology Minister Priyank Kharge announced that Rs 2 crore has already been disbursed to these start-ups, with a total of Rs 4 …

Karnataka govt. offered ₹60 crore funding to 263 start-ups
5 months, 2 weeks ago

Karnataka govt. offered ₹60 crore funding to 263 start-ups

The Hindu  

As many as 263 start-ups were offered funding of over ₹60 crore by the Department of Information Technology and Biotechnology of Karnataka in 2022 and 2023, according to a report released here on Wednesday. According to the report, among the 263 winners, women entrepreneurs lead 47 start-ups, and 119 start-ups are from tier II and III cities in the State, …

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget
7 months ago

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget

ABP News  

The Commerce and Industry Ministry could be looking for more funds for start-ups in the upcoming Budget, an official said. Announced in April 2021 with a corpus of Rs 945 crore, the fund was launched to help provide financial assistance to new businesses for proof of concept, prototype development, product trials, commercialisation, and market entry. According to a report by …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months, 2 weeks ago

India’s startup growth to pave way to developed nation by 2047: PM Modi

Live Mint  

India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. In the field of Intellectual Property Rights, India is moving towards becoming the leading country among the top countries.” The Startup Mahakumbh was organized in collaboration with various entities, including Assocham, …

Telangana retains premier position in startup rankings; funding, capacity-building ecosystem major drivers
11 months, 3 weeks ago

Telangana retains premier position in startup rankings; funding, capacity-building ecosystem major drivers

The Hindu  

Telangana, along with six other states, has maintained its position as a top performer in developing startup ecosystems for budding entrepreneurs, according to the ranking of states and union territories by the Department for Promotion of Industry and Internal Trade, Government of India. During 2022-23 financial year, Telangana, India’s 11th largest State, contributed approximately 4.5% of the country’s Gross Domestic …

National Startup Day: Visionaries speak on new ventures’ role in driving growth
11 months, 3 weeks ago

National Startup Day: Visionaries speak on new ventures’ role in driving growth

Live Mint  

National Startup Day: In recent years, Indian startups have experienced extraordinary growth, propelling the country to the position of the third-largest startup ecosystem globally. Celebrating National Startup Day on January 16, key figures in the startup ecosystem shared insights on the crucial role the new ventures played in shaping India's future. India recorded over 112,718 DPIIT-recognised startups spanning 763 districts …

For start-ups, ethics and values will define legacy
1 year, 1 month ago

For start-ups, ethics and values will define legacy

Hindustan Times  

Over the past decade, the Indian start-up ecosystem has witnessed a remarkable transformation. Indian start-ups have achieved impressive milestones with over 100 unicorns including companies such as Flipkart, Ola, Paytm, and Zomato and garnering substantial attention. It’s also interesting to note that Indian entrepreneurs have not only excelled domestically but have expanded their operations internationally, making India a global player …

Starting your own business? These govt schemes can support your startup in India
1 year, 7 months ago

Starting your own business? These govt schemes can support your startup in India

Live Mint  

In this era of startups, India is leading the world as the country has created a robust ecosystem for businesses and entrepreneurs. List of schemes launched to help Indian startups 1) Multiplier Grant Scheme: The Department of Electronics and Information Technology initiated the Multiplier Grant Scheme to empower collaborative research and development among industries which helps to boost the growth …

Explained | Will the SVB collapse impact Indian start-ups?
1 year, 9 months ago

Explained | Will the SVB collapse impact Indian start-ups?

The Hindu  

The story so far: On March 10, banking regulators in the U.S. took control of the Silicon Valley Bank, which typically catered to start-ups, venture capitalists and tech firms, after it suffered a sudden collapse. Finance Ministry officials said the failure of SVB was likely to impact some Indian tech start-ups and IT firms, but that any broader “contagion” that …

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023
1 year, 11 months ago

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday presented the last full Budget of Modi 2.0 government ahead of the next Lok Sabha elections in 2024. The several initiatives announced for start-ups in Budget 2023 augur well for the growth of the vibrant start-up ecosystem in India besides promoting entrepreneurship and job creation. "The extension of incorporation date for tax exemption would …

Budget 2023 | Government extends support measures for start-ups
1 year, 11 months ago

Budget 2023 | Government extends support measures for start-ups

The Hindu  

Asserting the importance of entrepreneurship for the economic development of the country, Finance Minister Nirmala Sitharaman on Wednesday proposed to extend the period of incorporation for income tax benefits to eligible start-ups by one more year till March 31, 2024. India is now the third-largest ecosystem for start-ups globally and ranks second in innovation and quality among middle-income countries,” Ms. …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 11 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

India ideal for start-ups: Kishan Reddy
1 year, 11 months ago

India ideal for start-ups: Kishan Reddy

Deccan Chronicle  

HYDERABAD: Union minister Piyush Goyal on Saturday called for the creation of an international network of mentors, investors and entrepreneurs to strengthen the global start-up ecosystem while his Cabinet colleague G. Kishan Reddy said today’s youth wanted to be job creators instead of job-seekers. They were speaking at the inaugural session of Startup20 — the newest engagement group of G20 …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

Sustainable funding and the Indian start-up ecosystem
2 years, 1 month ago

Sustainable funding and the Indian start-up ecosystem

Hindustan Times  

India saw a staggering jump of 15,400% in the number of start-ups in just six years, going from 471 in 2016 to 72,993 in 2022. Despite the advancements made, India's businesses still face enormous obstacles that must be overcome if India is to become the world's leading start-up destination. The start-up ecosystem needs to create solutions that help companies in …

Here's how startups are changing students' mindsets today
2 years, 3 months ago

Here's how startups are changing students' mindsets today

India Today  

The Indian start-up ecosystem is moving at a scorching pace. Hitherto, more than 57,000 start-ups have been registered and the combined total start-up valuation is close to USD 450 billion. FROM SOUNDBITES TO SUBSTANCES As the center of gravity of the economy is shifting and start-ups are increasingly playing a larger role, the mindset of students is also changing. NO …

Start-up ecosystem: A goldmine of investment opportunities
2 years, 3 months ago

Start-up ecosystem: A goldmine of investment opportunities

Hindustan Times  

The word start-up was added to the layman's dictionary in January 2016 when the Government of India launched the Start-up India initiative. Economic survey 2022 highlighted that at least 14,000 start-ups were recognised by the department for promotion of industry and internal trade in India having at least one new start-up. The convergence of several factors is driving this investment …

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal
2 years, 5 months ago

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal

News 18  

Commerce & Industry Minister Piyush Goyal on Wednesday said 75,000 startups have been recognised in India and the startup ecosystem here continues to be fuelled by innovation, enthusiasm and entrepreneurial spirit. India is now home to 75,000 startups in the 75th year of Independence and this is only the beginning,” Goyal said in a tweet on Wednesday. pic.twitter.com/Dh6sVxUnLU — Piyush …

India witnesses a massive 15,400% rise in startups in last 6 years
2 years, 5 months ago

India witnesses a massive 15,400% rise in startups in last 6 years

Live Mint  

India registered a whopping rise of 15,400% in the number of startups that rose from from 471 in 2016 to 72,993 as on 30th June 2022. In a written reply to a question in the Rajya Sabha, Union Minster of State for Commerce and Industry Som Prakash stated that the Startup India initiative was launched in 2016 with the objective …

Telangana among top 10 start-up job creators
2 years, 5 months ago

Telangana among top 10 start-up job creators

Deccan Chronicle  

Hyderabad: Wednesday was a proud day for Telangana in the Parliament, as it figured among the top 10 states and Union territories in job creation through start-ups and launching start-ups, according to the data tabled by the Centre. In terms of job creation, Telangana ranked seventh, while it ranked eighth for the launch of new start-ups recognised by the Union …

Start-ups in India brace for ‘long and bitter winter’
2 years, 5 months ago

Start-ups in India brace for ‘long and bitter winter’

The Hindu  

With funding starting to dry up due to global macro-economic factors, the startup ecosystem in India is bracing itself for a “long and bitter winter” and potential mass lay-offs in the next 12-18 months, particularly in sectors such as ed-tech and gaming that got a significant push during the pandemic, according to experts. As per data from the Ministry of …

Startup Ranking 2021: Gujarat, Karnataka, Meghalaya top achievers, check category-wise best performers
2 years, 6 months ago

Startup Ranking 2021: Gujarat, Karnataka, Meghalaya top achievers, check category-wise best performers

India Today  

The department for promotion of industry and internal trade has announced the startup rankings 2021, a study that included 24 states and 7 UTs in total, and ranked them in the categories of -- best performers, top performers, leaders, aspiring leaders, and developing startups. The exercises were created in order to help states and union territories build local startup ecosystems …

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees
2 years, 7 months ago

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees

News 18  

Although start-ups are resorting to lay-off of employees as they cite cost-cutting as the primary reason, data show that the overall funding for these new-generation enterprises during January-April this year is almost the same as last year and even the number of companies raising over USD 100 million is also higher than last year. Interestingly, the data showed that the …

India Needs 10 Lakh Start-ups To Generate 1 Crore Employment: Report
2 years, 7 months ago

India Needs 10 Lakh Start-ups To Generate 1 Crore Employment: Report

ABP News  

New Delhi: Indian start-ups have created more than 7 lakh employment across the country to date since the government rolled out the Startup India initiative on January 16, 2016. according to CMIE data, unemployment in the country hovers at 7.3 per cent in May, 2020, which means 7.3 per cent of the country’s workforce is jobless. The rate of unemployment …

Start-ups anchoring knowledge economy
2 years, 9 months ago

Start-ups anchoring knowledge economy

The Hindu  

When the Kerala Startup Mission set up an Innovation and Entrepreneurship Development Centre at the MES College of Engineering at Kuttipuram in 2015, Vimal Govind and friends, then in their third year, had no plan to become entrepreneurs. If not for the handholding and support by the KSUM, our idea of manhole drain cleaning robotic drone would not have managed …

Favourable policy helping start-ups in Karnataka: Minister
2 years, 11 months ago

Favourable policy helping start-ups in Karnataka: Minister

Deccan Chronicle  

Bengaluru: Extolling the start-up policy of Karnataka, the state Minister for IT-BT and Skill Development Dr C N Ashwath Narayan on Sunday said that out of 46 start-ups chosen from across India for the National Start-ups Awards-2021, 14 are from Karnataka. Addressing a press conference on the achievements of start-ups from Karnataka on the occasion of National Start-ups Day, Dr …

Central Govt Announces First-Ever Startup India 'Innovation Week'
3 years ago

Central Govt Announces First-Ever Startup India 'Innovation Week'

News 18  

The Centre will organise the first-ever Startup India “Innovation Week” from Monday to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc under one platform to celebrate entrepreneurship and promote innovation, and to showcase the spread and depth of entrepreneurship across India, an official statement said. According to the Commerce and Industry Ministry statement, the …

India leading the world in field of start-ups: PM Modi in 'Mann Ki Baat'
3 years, 1 month ago

India leading the world in field of start-ups: PM Modi in 'Mann Ki Baat'

India TV News  

Highlights PM Modi said India is leading the world in the field of start-ups. Asserting that this is an era of start-ups, Prime Minister Narendra Modi on Sunday said India is leading the world in this field with more than 70 start-ups having crossed the valuation of USD 1 billion. It is true that this is the era of start-ups …

Planning a startup? Check these 5 seed stage incubation programmes in India
3 years, 8 months ago

Planning a startup? Check these 5 seed stage incubation programmes in India

India Today  

Some of the world’s most successful startups in India have been backed up by Startups Incubators. IAMAI Industry body IAMAI has launched the country's first virtual incubator for short and mid-term needs of technology-related startups arising amid the global pandemic situation. The primary function of the virtual incubator is to address the needs of the start-ups located outside the major …

India is in the middle of a much-needed start-up revolution
4 years, 2 months ago

India is in the middle of a much-needed start-up revolution

Hindustan Times  

Five years since Prime Minister Narendra Modi launched the Start-Up India initiative, we are witnessing a golden chapter in the history of Indian entrepreneurship. India now has 38,756 officially-recognised start-ups –– with 27 unicorns, eight of which achieved this status in 2020 –– and is the third-largest tech start-up hub globally. The Atal Innovation Mission, Niti Aayog, has built an …

Aim to See Delhi Among Top 5 Global Destinations for Startups, Says Kejriwal as He Begins Process for New Policy
4 years, 5 months ago

Aim to See Delhi Among Top 5 Global Destinations for Startups, Says Kejriwal as He Begins Process for New Policy

News 18  

Delhi Chief Minister Arvind Kejriwal on Saturday held a meeting with a panel of industry leaders and young entrepreneurs to kick-start the consultation process for Delhi’s new policy on start-ups. “The new start-up policy aims to accelerate the growth of start-ups in Delhi and transform the city to make Delhi as one of the top 5 global destinations for start-ups,” …

Delhi Govt Kick Starts Consultation for Drafting New Start-up Policy
4 years, 5 months ago

Delhi Govt Kick Starts Consultation for Drafting New Start-up Policy

News 18  

The Delhi government on Saturday kickstarted the consultation process for drafting a policy to make the national capital one of the top five start-up destinations in the world. The Delhi government will soon release the draft start-up policy and launch an online forum to seek inputs from the general public on it, the statement said. "The report states that Delhi-NCR …

Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth
4 years, 11 months ago

Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth

Firstpost  

To reduce startup ‘infant mortality’ and encourage angel investments, risk-taking, creation of jobs, it is hoped the government will allow for tax exemption for amounts invested in accredited startups. The government has acknowledged that the startup sector has a significant role to play in achieving its projected target of transforming India into a $5 trillion economy by 2025. To reduce …

Indian start-ups has potential to create over 12 lakh direct jobs by 2025: Report
5 years, 2 months ago

Indian start-ups has potential to create over 12 lakh direct jobs by 2025: Report

India Today  

India's start-up ecosystem has the potential to create up to 12.5 lakh direct jobs by 2025, from 3.9-4.3 lakh direct jobs in 2019, according to a new report from industry body National Association of Software and Services Companies. The number of indirect jobs created by the start-up ecosystem in India can jump to 39-44 lakh by 2025 from 14-16 lakh …

Indian start-up ecosystem becomes more competitive with increasing investor interest
5 years, 2 months ago

Indian start-up ecosystem becomes more competitive with increasing investor interest

Live Mint  

Private 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 …

Budget 2019: Start-up fund gets special mention, exclusive TV show to begin for start-ups
5 years, 6 months ago

Budget 2019: Start-up fund gets special mention, exclusive TV show to begin for start-ups

India Today  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. About Start-up India programme: The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. "Several studies …

Budget expected to enhance start-up fund
5 years, 6 months ago

Budget expected to enhance start-up fund

India TV News  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. The Fund was set up with …

More than half of start-ups are from tier-2 and tier -3 cities: Survey
5 years, 6 months ago

More than half of start-ups are from tier-2 and tier -3 cities: Survey

The Hindu  

Of the over 16,500 recognised start-ups as on March 1, 2019, nearly half were from the tier-2 and tier-3 cities, as per the Economic Survey 2018-19. The Economic Survey showed that Maharashtra with nearly 19% of the recognised start-ups tops the list of state-wise distribution of recognized Start-ups in India. As regards to industry-wise distribution of recognised start-ups, IT Services …

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India
5 years, 6 months ago

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India

ABP News  

Budget 2019: Start-ups are disrupting traditional industries like never before and are poised to be one of the key pillars of growth for the economy. Few expectations in this regard are - An ‘exception based’ approach needs to be adopted for applicability of angel tax; Immunity to be granted from angel tax on past tax orders ; Current regulations impose …

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