startups in India
India's startup ecosystem is thriving, boasting the third-largest number of startups globally with over 1.59 lakh recognized startups . This vibrant ecosystem is characterized by rapid growth, with an expected annual growth of 12-15%, and is reshaping industries through innovation and job creation. Key hubs like Bengaluru, Mumbai, and Delhi-NCR are at the forefront, with a growing contribution from Tier II and III cities. Key aspects of the Indian startup ecosystem: Rapid Growth: India's startup ecosystem is experiencing significant growth, with a 15% year-on-year increase in the number of startups. Global Recognition: India holds the third position globally in terms of the number of startups, with over 1.59 lakh recognized startups. Unicorns: The ecosystem is home to over 100 unicorns, companies valued at over $1 billion, signifying their potential to reshape markets. Government Support: Initiatives like Startup India have played a c...