Start-ups have put India on the World map by making it the third–ranked global start-up ecosystem in 2015.
However most of the start-ups as well as their backers and financiers are located in Delhi, Bangalore and Mumbai, A report on start-ups released at a CII Conclave said.
The focus tends to be on information technology enabled products and services including e-commerce, aggregates, analytic , and internet of things, health-tech, and on-line payments.
India has witnessed unparalleled growth in start-ups in the last five years, following the success stories of technology based companies like MakeMyTrip.com and Naukri.com a decade ago.
During the last financial year 2014-15, 98473 new companies were incorporated in India.
India has very large number of micro and small enterprises across various sectors, the report said adding however, existing surveys and studies on start-ups focus on those that use technology.
The focus on start-ups in India have, therefore came to, primarily, centre on innovative small companies leveraging technology to solve consumer problem.
A recent study by NASSCOM, India has around 4400 start-ups that employ close to 85,000 employees.
Total funding in start-ups is estimated to be $6.5 billion till 2015.
This excludes funding in start-ups incorporated before 2010, such as Flipkart, Quikr, Practo, Zomato and Inmobi, which if taken into account, will further inflate the investment figure.
Image Courtesy : IBN Live
