NASSCOM Report on India’s Start up नासकाॅम रिपोर्ट
This Report on India’s Start up tries to understand the current state of open innovation in India. NASSCOM (National Association of Software and Services Companies) is a not-for-profit industry association.
NASSCOM Report on India’s Start up
This Report on India’s Start up tries to understand the current state of open innovation in India. NASSCOM (National Association of Software and Services Companies) is a not-for-profit industry association. It is a trade association of Information Technology and BPO of India. It consists of over 2800 member companies including both Indian and multinational organizations that have a presence in India. In India, this industry provides maximum employment in the private sector. NASSCOM Dedicated to expanding India’s role in the global IT order. According to the NASSCOM Tech Start-up Report 2021, the Indian startup ecosystem raised $24.1 billion worth of equity investment in 2021 and the report was titled ‘Indian Tech Start-up Ecosystem: Year of the Titans. Many records have been established this year across different areas: unicorns, funding, merger & acquisitions, investors, and more.
क्या होता है फील्ड्स मेडल जिसे गणित का ‘नोबेल प्राइज’ कहा जाता है
Key Points from the NASSCOM Report :
An unforgettable year for tech start-ups:
- 2250+ tech start-ups founded, taking total base to 25,000-26,000
- 42 unicorns added, up by 3.5X from last year
- $ 24.1Bn funding, up by 3X from last year
Ecosystem becoming more inclusive and diverse
- 29% of all tech start-ups based outside established hubs
- 10-15% of tech start-ups have at least one-woman founder/co-founder
- 48% of the tech start-ups are building solutions for India 1 and India 2 income group
Increasing breadth and depth in sectors
- BFSI accounts for 13 Unicorns, 35 potential unicorns and 25% of investments in 2021
- 35% of investments went to Retail and Retail Tech, EdTech, Food Tech, SCM & Logistics
- Significant uptick in Agri Tech, Automotive, Social Platforms, Industrial and Manufacturing
Intensifying corporate and investors participation:
- 260+ unique corporates active in 2021; up from 170+ in 2020
- 750+ unique institutional investors active in 2021; 1.8X of participants in 2020
- 3X more investors participated in mega-rounds (deals > $ 100Mn)
Source NASSCOM
