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Over 1200 startup launched in ’18, all you need to know about the ecosystem

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More than 1,200 startups were launched in 2018, according to a new report. Moreover eight companies including Udaan, OYO, Freshworks, Zomato, Swiggy, Paytm Mall, Byju’s joined the unicorn club in 2018, the highest addition in a single year, taking the total to 18.

The total funding received by startups in January-September 2018 was $4.3 billion, says the NASSCOM-Zinnov annual report titled ‘Indian Start-up Ecosystem – Approaching Escape Velocity.’

“India’s startup ecosystem is approaching escape velocity,” said Debjani Ghosh, NASSCOM President.

Other interesting finding you need to know about

  • India is the third largest start-up ecosystem across the world
  • The total number of tech start-ups launched is between 7200-7700 over 2013-2018.
  • Post 2017, investment into start-ups have increased by over 100 percent, from $2 billion in 2017 to $4.2 billion in 2018.
  • The total number of start-up funding deals especially in the late stages (Series C, D, E, F) grew around 250%, from $847 million in 2017 to $3 billion in 2018.
  • Seed stage funding dropped this year by 21% to $151 million in 2018. Early stage funding saw a flat growth of 4% with $1 billion.
  • B2C Indian startups expanding globally was a key trend this year, with companies such as Ola, Oyo and Byjus setting business abroad.
  • Over 400 B2B startups have expanded globally already.
  • Startups in AI reported 120% funding growth in 2018 with over $150 million invested in 2018.
  • The base of advanced technology startups grew by 50 percent from last year.
  • Bengaluru ranks among the Top Three cities in the world for launching tech startups.
  • Global startups like Grab (Singapore) and Go-Jek (Indonesia) are coming to India for talent.
  • Indian B2C startups are also expanding globally.
  • There are now over 210 incubators and accelerators active in India, with a year-on-year growth rate of 11 percent; 70 percent of them were founded in the last three years.
  • Successful Indian entrepreneurs are also becoming angel investors.
  • The gender mix of founders has increased to 14 percent women, up from 11 per cent last year, but much more representation is called for.
  • Concerns have arisen over the decrease in seed stage funding.
  • The government too needs to open its procurement to more product startups.
  • More mentorship support is needed in incubators and accelerators.
  • Advanced tech startups could do with more assistance in certifications and patent filing, as well as global marketing

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