Today We all are storming our brain in ‘Election Hot Bazaar’ that who will rule or win in 2019 lok Sabha election .parties are throwing word stone on each other, making some big promises but no one wants to talk on Peoples heart issues like jobs ,new start-ups, investment in india & many more , Many political parties alleged on modi govt about job creating but the fact is takes a miles if we study deep that many of the new tech start-ups has explorer their business when after modi govt came in to the power .the real facts is that millions of jobs opportunity has been revel in the market we know that but we did not get to know that reason behind .
Now, Indian ecosystem has before Start-up and after Start-up Eras
The online food delivery market in India is expected to grow by 34-36% over 2015 to 2020, according to Netscribes research
Do you know, in 2015, the government of India allocated 10,000Cr rupees to promote star-up culture, for the first time in the country? Do you know, near 5000 innovative start-up companies exist in India?
Start-up India campaign was first announced by Prime Minister Narendra Modi from the Red Fort in his August 15, 2015 address to the National Start-up India was inaugurated on January 16, 2016 by the Union Finance Minister, Mr. Arun Jaitley. Around 40 top CEOs and start-up founders and investors attended the event. Start-up India campaign was organized by Department of Industrial Policy and Promotion.
As a result, in accordance with its worldwide partners, India has its own billion dollar club to dwell about, which includes much celebrated businesses like Flipkart, Snapdeal, Ola, InMobi, Hike, MuSigma, Paytm, Zomato, and Quikr, fintech startup MobiKwik etc.
New food delivery industries they gone high up after modi govt came in to the power…..
Sources Ken Research: Rise in Income and Internet Facilities to Drive Online Food Delivery Market in India.
- Swiggy Pvt. Ltd
- Zomato Media Pvt. Ltd
- UberEats Pvt. Ltd
- Scootsy Pvt. Ltd
- Food Panda Indian Pvt. Ltd
- Foodista India Pvt. Ltd
- Bundle Technologies Pvt. Ltd
- Faaso’s Food Services Pvt. Ltd
- Pisces Services Pvt. Ltd.
The great idea of start-up received government’s encouragement
Think about this- near 5000 innovations new companies exist in India and the number is relied upon to reach more than 12,000 by 2020. India is likewise at third spot behind US and Britain regarding the quantity of new businesses.
India’s statistic profit is helpful for Start-ups with high potential. India as the youngest nation in the world and huge overall population has one of the largest consumer base in the world. For each special need of each segment of population there is open door for new pursuit. Our framework, human services, instruction frameworks needs to be upgraded, where new companies can have tremendous effect.
Success of Star-up schemes in India in past 5 years
India is gradually moving towards the start-up ecosystem. Therefore, in order to boost entrepreneurship, Government has created an entire ministry dedicated to helping new businesses. There are few initiatives like- MUDRA, MSME, ASPIRE, Skill development, start-up incubations etc., the government has taken to boost start-up culture in India which have actually worked and benefitted thousands of entrepreneurs of small to large capital business.
There has been a rapid increase in start-ups in versatile areas like retail, food delivery, consulting, e-commerce, medical services, delivery services, fitness etc. On an average 800 start-ups are born every year. Start-ups are evolving in terms of product capabilities, networking, taking calculated risks venturing into new spaces.
Delhi NCR and Bangalore has highest number of start-ups predominantly because of economic activities of population of both cities.
In Rajasthan, cities like Jaipur, Jodhpur, and Bikaner are witnessing increasing start-up activities in last 5 years. Successful start-up like Zo rooms was conceived in small city like Jodhpur. Former CM Vasundhara Raje’s brainchild Digital Rajasthan and Bhamashah technohub & Incubation center is a big milestone for generations.
Southern States like Karnataka, Kerala, Andhra Pradesh and Telangana have shown better results than the rest of the country in terms of their policies implementations for supporting startups. These states have focused on improving infrastructure, especially in the Tier-II cities.
Telangana has launched the largest incubation center in India as “T-Hub“. Andhra Pradesh has allocated a 17,000-sq.ft. technological Research and Innovation Park as a Research and Development laboratory.
- Revenue in the Online Food Delivery segment amounts to US$7,092m in 2019.
- Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 9.9%, resulting in a market volume of US$10,363m by 2023.
- The market’s largest segment is Restaurant-to-Consumer Delivery with a market volume of US$5,825m in 2019.
Hence, it will be very fair to mark- Before Start-up and After Start-up Eras in the country.