BENGALURU: India's startup ecosystem has seen exceptional expansion in investments in 2018. But, worryingly, investments in the seed stage fell, and that during early stage grew just marginally, a Nasscom document launched on Thursday famous.
Overall investment grew 100% to $Four.2 billion in 2018 (January-September), from $2 billion in the similar period in 2017. "India's startup landscape has become the epitome of innovation and we are seeing many startups tackling locally relevant issues," mentioned Nasscom president Debjani Ghosh.
Indian startups have additionally completed volume and scale with 2018 seeing the addition of 8 unicorns, taking the whole quantity to 18. Unicorns are privately funded corporations that experience a valuation of more than $1 billion.
Bengaluru has the 0.33 highest selection of tech startups amongst world towns, the document mentioned. The first two are Silicon Valley and London.
On the whole, India continues to hold its place because the third-largest startup ecosystem, with 1,200 tech startups emerging in 2018, bringing the whole to between 7,200 and seven,700. The first two are the US and UK. The document mentioned the ecosystem created more than 40,000 direct jobs in 2018, taking the whole employment in the section to one.6-1.7 lakh. Another Four-Five lakh are estimated to be employed indirectly. The building up in Indian unicorns this year can be attributed to the pointy upswing in past due stage funding. tnn
Overall investment grew 100% to $Four.2 billion in 2018 (January-September), from $2 billion in the similar period in 2017. "India's startup landscape has become the epitome of innovation and we are seeing many startups tackling locally relevant issues," mentioned Nasscom president Debjani Ghosh.
Indian startups have additionally completed volume and scale with 2018 seeing the addition of 8 unicorns, taking the whole quantity to 18. Unicorns are privately funded corporations that experience a valuation of more than $1 billion.
Bengaluru has the 0.33 highest selection of tech startups amongst world towns, the document mentioned. The first two are Silicon Valley and London.
On the whole, India continues to hold its place because the third-largest startup ecosystem, with 1,200 tech startups emerging in 2018, bringing the whole to between 7,200 and seven,700. The first two are the US and UK. The document mentioned the ecosystem created more than 40,000 direct jobs in 2018, taking the whole employment in the section to one.6-1.7 lakh. Another Four-Five lakh are estimated to be employed indirectly. The building up in Indian unicorns this year can be attributed to the pointy upswing in past due stage funding. tnn
Bengaluru third biggest home to startups globally
![Bengaluru third biggest home to startups globally]()
Reviewed by Kailash
on
October 27, 2018
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