NASSCOM Report: India-third largest startups hub in the world

November 7, 2019

The Nasscom report on Indian Tech Start-Up Ecosystem said that India continues to the third largest start-up ecosystem after China and US. India has added more than 1300 tech start-ups in 2019 according to the report. Between January to September in 2019, there were 8900 to 9300 startups as compared to 7700-8200 a year ago.

Highlights

The investment in startups in the period January-September, 2019 touched 4.4 billion USD.
The indirect jobs that created by the startup ecosystem can jump to 39 to 44 lakh by 2025 from 14 to 16 lakh in 2019
The Indian startups have the potential to grow about 4 to 5 times by 2025
Around 18% of the startups are leveraging deep-tech, fin tech, retail tech that are the most mature sectors with strong metrics
In 2019, the startups created 60,000 direct jobs as compared to 40,000 in 2018
Seven new unicorns were added in 2019. This takes the total number of unicorns in the country to 24 which is the third highest number of unicorns in a single country in the world. Unicorn refers to tech startup that reaches 1 billion USD market value. 71% of these unicorns are B2B focused.