Today, India has bloomed into the world’s third-largest startup ecosystem, which, as per Inc42 data, has raised more than $158 Bn+ funding between 2014 and 2024
As per government estimates, India is home to more than 1.59 Lakh DPIIT-recognised startups that have created 17 Lakh+ jobs in the country
As per DPIIT data, more than half (51%) of the DPIIT-registered startups in India are from non-metro cities
It was 2015 and the word “startup” wasn’t cool. That year on Independence Day (August 15), Prime Minister (PM) Narendra Modi announced the ‘Startup India’ initiative to encourage entrepreneurship among the youth of India.
Months later on January 16, 2016, the action plan for the scheme was laid down and the roadmap was created to make the country a startup powerhouse and create a conducive ecosystem for entrepreneurs.