3 start-ups take birth a day in India: Nasscom
Software industry lobby Nasscom expects some 1,200 new start-ups to emerge over the next year.
Bengaluru: With some 4,200 start-ups, India has displaced Israel as the country with the third largest number of new-age entrepreneurial ventures, still less than a tenth of the number in the US but snapping at second-placed Britain. Software industry lobby Nasscom expects some 1,200 new start-ups to emerge over the next year.
“Starting-up has caught the imagination of the country,” said Nasscom president R. Chandrashekhar, speaking to Deccan Chronicle on sidelines of its three-day product conclave in Bengaluru.
Nasscom’s ‘Start-up India’ report 2015 says India is also home to the youngest entrepreneurial population — some 72 per cent of start-up founders are less than 35 years old — and women have founded or co-founded nearly 10 percent of the start-ups. The number of female entrepreneurs have risen 50 per cent in just the last year. “The fact that a lot of talented young people are now taking this path and building a product that is new, innovative and has a big impact has become a big driver for growth in the start-up ecosystem,” he said.
While more than half the start-ups are in the e-commerce, consumer services and service aggregation space, “We are also the emergence of ventures in new areas like education, agriculture, healthcare, IoT,” he said. He said that given the kinds of problems that these areas still pose, start-ups are racing to help find “leapfrogging solutions” for them.
( Source : deccan chronicle )
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