According to the recent report by Nasscom, the total number of technology product/digital startups in India is projected to be about 11,500 by 2020. With the massive increase in the tech investments in India, this number is expected to be much higher. Many Indian tech startups have managed to raise huge funding rounds this year including Flipkart’s $1 Bn funding then within few months raising another massive round, Snapdeal’s funding from SoftBank etc. to name a few.
These fundings shows how the Indian tech scene has started attracting VC attention.
In India, startups have attracted about 300 venture capital/private equity deals and 225 angel investment deals worth over $2.3 Bn since 2010 and over 20 mergers & acquisitions worth $1 Bn in the last 3 years.
According to a recent report by CB Insights, in 2014, 71 different VC investors (VC and Corporate VC) have made an investment in an Indian tech company, which is more than prior 4 years, and 22% higher than all of 2013. This makes it 4th straight year of growth in terms of the number of VCs making investments in India’s tech scene.