NASSCOM Startup Ecosystem Report 2015: India the Next Tech Hotbed
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With over $5 billion worth investment in 2015 and three to four startups emerging every day, India has paved its way to secure the third position in the world in terms of the number of startups, 4200 and counting, a growth of 40%, by the end of 2015.
The latest report by industry body NASSCOM and Zinnov, analyzes the current scenario and emerging trends across the various dimensions that define the Indian startup ecosystem, and gauge India’s position as a global startup hub that is becoming attractive for investors, startups, & corporates.
As per the statistics given in the report, the number of active investors in the ecosystem has grown from 220 in 2014 to 490 in 2015, depicting a 2.3X growth. Further, 8 out of every 10 top VC/PE Firms in India are foreign, and global investment in the Indian ecosystem is leading to an increased FDI.
The report also states that total funding in 2015 has grown by ~125% over 2014. Similarly, the number of accelerators grew by 40% from ~80 in 2014 to ~110 in 2015.
“We are the fastest growing ecosystem in the world – so the first big wow number. Compared to last year, we have moved up from being the fourth largest ecosystem in the world to the third largest. If all goes well, next year by this time we should be the second largest,” said NASSCOM President, R Chandrasekhar.
India serves as the fastest growing startup-base worldwide and stands third in technology driven product startups just after US and UK respectively.
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