Entrepreneurship in India added 1,200 new technology startups in 2018 compared to 1,000 last year, software lobby Nasscom said in a report on the startup ecosystem.
|Entrepreneurship in India Added 1,200 Tech Startups in 2018: Nasscom.|
For the first time in five years in 2017, the number of new technology startups had fallen, because financing had slowed down.
The report says that there are now approximately 7,700 technical startups in the country, which make it the world’s third largest. The increase in the number of startups added to the Indian ecosystem increased by 15% in 2018, total funding also went up to $ 4.2 billion.
Padmaja Rutherl, President of Indian Angel Network said, “Adding startup can cause more accelerators and incubators.”
The report has found that the number of incubators and accelerators has increased by more than 200% annually to 11%. The number of startups has increased, but in 2018 seed level financing fell 21%. Initial phase funding remained constant at 4%, which was $ 1 billion last year, seed-phase financing fell 53%.
Nasscom president Debani Ghosh said, “We are seeing a continuous decline in seed-phase funding, which is a concern.”Entrepreneurship
“We have to think about the alternative platform, where the government can play a role in China and Japan. If you start to tap in the seed phase, innovation will be killed.” Entrepreneurship
Ruparel said that in spite of recent policy changes to taxpayers, a deterrent would continue, citing high costs for entrepreneurs. “The reality is that seed financing is still not picking up, and fairy remains one of the main reasons,” she said.
But investors have said, while the initial phase deals have collapsed, the check size has increased.
Sanjay Nath managing partner, Early-Stage Venture Capital firm Bloom Ventures said, “I am not worried about this trend as the quality of entrepreneurs has improved and checks have increased in size, from which startup rounding rounds “In Bloom”, seed funding was 50 lakh rupees to the first fund from the first fund, and now it is now $ 1 million. “
In 2018, late-stage funding increased 259% year-to-year to $ 3 billion. The number of Unicorns added in 2018 was the highest yearly, this year alone, eight out of eight were out of eight out of eight.
Mergers and acquisitions (M & A) activity were also raised with increasing Indian corporate presence in Pi. Entrepreneurship
In the first half of the year, the annual growth rate was more than 15% with more than 75 deals.
In the last two years, the number of women entrepreneurs was 14%, which was 10% and 11%. The startup ecosystem added 40,000 jobs this year, the total employee base now stands at 1.7 lakh.