India's astonishing start-up boom – all you need to know in 5 charts
India: from job seekers to job creators
Image: REUTERS/Danish Siddiqui
Written by
Joe MyersFormative Content
Monday 3 October 2016
India is in the midst of a start-up boom. Supported by a range of government initiatives, new companies are popping up all over the country.
In fact, for the sheer number of new tech outfits, India is now the third-largest tech start-up hotspot in the world, according to a report by NASSCOM and Zinnov. Investment is rising, with the surge generating employment and providing solutions in areas from healthcare to agriculture.
The government’s Start-up India initiative promotes entrepreneurship and innovation across the country. It aims to turn India into “a nation of job creators instead of a nation of job seekers”.
These five charts explore the Indian start-up boom.
1. India is the third largest tech start-up location globally
Image: NASSCOM/Zinnov
India has moved to third on the global list, and now has more tech-driven start-ups than Israel and China. Only the United Kingdom and United States stand ahead of it.
The number of new start-ups is rising every year. By 2020, there are projected to be around 2,100 in the country altogether.
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2. Indian start-ups are going global
Image: Statista
As this chart from March 2016 shows, Indian firms are now breaking into global lists. Flipkart, the e-commerce company headquartered in Bengaluru (also known as Bangalore), takes ninth place on the list, with a 2015 valuation of $15 billion dollars.
3. Funding is concentrated in just three urban areas
Image: Your Story Research
In the first half of this year, well over three-quarters of financing was towards just three urban areas – Bengaluru, the National Capital Region (NCR), which includes Delhi; and Mumbai – saw over $2 billion in the first six months of 2016.
4. Two-thirds are in three cities
Image: NASSCOM/Zinnov
The bulk of Indian start-ups is also found in these three places. Over a quarter are in Bangalore, 23% in the National Capital Region, and nearly one in five in Mumbai.
5. Founders are young – the youngest in the world
Image: NASSCOM/Zinnov
Nearly three-quarters of start-up founders in India are younger than 35. Over a third come from an engineering background.
However, as the graphic shows, only around 9% are women. There is some good news, though: according to the report there was a 50% rise in the share of female entrepreneurs between 2014 and 2015.
The World Economic Forum’s India Economic Summit 2016 will take place from 6-7 October.
India: from job seekers to job creators
Image: REUTERS/Danish Siddiqui
Written by
Joe MyersFormative Content
Monday 3 October 2016
India is in the midst of a start-up boom. Supported by a range of government initiatives, new companies are popping up all over the country.
In fact, for the sheer number of new tech outfits, India is now the third-largest tech start-up hotspot in the world, according to a report by NASSCOM and Zinnov. Investment is rising, with the surge generating employment and providing solutions in areas from healthcare to agriculture.
The government’s Start-up India initiative promotes entrepreneurship and innovation across the country. It aims to turn India into “a nation of job creators instead of a nation of job seekers”.
These five charts explore the Indian start-up boom.
1. India is the third largest tech start-up location globally
Image: NASSCOM/Zinnov
India has moved to third on the global list, and now has more tech-driven start-ups than Israel and China. Only the United Kingdom and United States stand ahead of it.
The number of new start-ups is rising every year. By 2020, there are projected to be around 2,100 in the country altogether.
________________
Have you read?
India’s banking sector in 5 charts
India will have the world's largest population by 2060
India's growth is outpacing China's. Here's why
________________
2. Indian start-ups are going global
Image: Statista
As this chart from March 2016 shows, Indian firms are now breaking into global lists. Flipkart, the e-commerce company headquartered in Bengaluru (also known as Bangalore), takes ninth place on the list, with a 2015 valuation of $15 billion dollars.
3. Funding is concentrated in just three urban areas
Image: Your Story Research
In the first half of this year, well over three-quarters of financing was towards just three urban areas – Bengaluru, the National Capital Region (NCR), which includes Delhi; and Mumbai – saw over $2 billion in the first six months of 2016.
4. Two-thirds are in three cities
Image: NASSCOM/Zinnov
The bulk of Indian start-ups is also found in these three places. Over a quarter are in Bangalore, 23% in the National Capital Region, and nearly one in five in Mumbai.
5. Founders are young – the youngest in the world
Image: NASSCOM/Zinnov
Nearly three-quarters of start-up founders in India are younger than 35. Over a third come from an engineering background.
However, as the graphic shows, only around 9% are women. There is some good news, though: according to the report there was a 50% rise in the share of female entrepreneurs between 2014 and 2015.
The World Economic Forum’s India Economic Summit 2016 will take place from 6-7 October.
