India has been stepping towards the milestone of touching it to the heights and the Nasscom reports say it boldly. Accounting a growth of 40% year-over-year, India has moved up a position to become the third fastest growing base of startups worldwide with the number of startups crossing 4,200 by the end of 2015, said Nasscom.
The startup sensation is quite experienced in this atmosphere where every young aspiring professional chases his/her dream to get into entrepreneurship. Where the risk factor is also high, but the big dream is far more than taking any risk. People resigning from their handsome salaries just to get lucrative with their passion for start-ups. This startup fever is therefore, striking where India has registered itself as the third fastest growing start up nation in the world.
NASSCOM president R Chandrasekha said “We are the fastest growing eco-system 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.”
As per the reports published by Nasscom in association with the reports shared by research firm Zinnov, 1200 startups were started in the year 2015 and 50% of the same are dealing in e-commerce services and aggregators business.
According to the statistics, around 4-5 startups are born every day with $5 billion investment and which brings India to the youngest startup nation in the world. It has been found that around 72 per cent of the founders less than 35 years old, and 50 per cent rise in share of female entrepreneurs in 2015 over 2014.
Bengaluru topped as the start up destination in the country and comes at the position of 15th globally. Around 65% of the total start ups of the country are located in Bengalauru, Mumbai and NCR. Bengaluru accounts for 26 %, NCR around 23% and Mumbai rests at 17% respectively.
The significant point that was reflected in the Nasscom reports show that around 80,000 jobs are created by startups only. Number of active investors grown from 220 in 2014 to 490, recording a growth of roughly 123% from a year ago.
The best feature that wobbles the mind is India gets $95 million funding every week.
The injected force of startups is pacing at scale that may shift India to no. 1 place in the coming years.
