India’s Generative AI Startup Landscape Report, 2023

Generative AI (GenAI) in India is on track for exponential growth, with projections estimating a market value of over $17 billion by 2030. Home to over 70 funded GenAI startups, India is becoming a breeding ground for versatile, industry-agnostic AI solutions. 

Remarkably, 81% of these startups offer horizontal solutions that have applicability across multiple sectors, emphasising India’s burgeoning role as a global center for AI innovation.

State Of Indian Fintech Report, Q3 2023 InFocus: Consumer Lending

With an expected market size of $2.1 Tn+ and a strong 18% CAGR, India’s fintech sector is heading towards significant expansion.

Lendingtech, a segment within fintech, holds great promise. Despite facing hurdles during the COVID-19 pandemic, the industry’s outlook remains bright. It’s clear that fintech isn’t just surviving challenges but also shaping a path to a thriving future.

This report delves into the nuances of the fintech world, spotlighting consumer lending. By evaluating the post-Covid scenario and key drivers of the industry’s evolution, we aim to offer critical insights for stakeholders and innovators. Our goal is to highlight fintech’s immense potential and its enduring resilience as it steps into a realm filled with opportunities.

Indian Tech Startup Funding Report Q3 2023

A majority of Indian startup investors (approx 56%) surveyed by Inc42, anticipate that total investment in startups for 2023 will not surpass the levels achieved in the previous year. Notably, each quarter this year has witnessed a decline in investment compared to 2022, a trend that is expected to persist into the next quarter.

In Q3 2023, Indian startups received $1.7 Bn in investment, marking a 43% reduction from the same period last year. This decline can be attributed to a myriad of factors including a decrease in sizable investment deals, corporate governance issues within startups, and broader global economic challenges.

In this report, we decode the latest startup investment trends.

State Of Rajasthan Startup Ecosystem Report 2023

The startup ecosystem in Rajasthan has experienced remarkable expansion in recent years, with over 10,000 startups calling it home, of which 3,700 are officially registered with DPIIT. Collectively, these innovative startups have attracted a notable $307 Mn+ in funding since 2014. 

Pioneered by CarDekho, a plethora of startups spanning diverse sectors such as ecommerce, fintech, and enterprisetech have established their unique market positions in the state. In addition, Rajasthan is host to a dynamic investment ecosystem, comprising 250 active startup investors and 45 accelerators and incubators, all instrumental in nurturing the entrepreneurial ecosystem.

Indian Spacetech Startup Landscape & Market Opportunity Report 2023

The Indian Spacetech sector is experiencing rapid growth, with projections indicating that the total market opportunity could reach over $77 Bn by 2030. Importantly, with 150+ startups, the industry has already secured more than $285 Mn+ in funding since 2014, highlighting increasing investor interest and confidence in the capabilities of the booming Indian spacetech economy.

Though still an emerging field, spacetech’s rapid rise is nothing short of extraordinary. The growing spacetech sector aims to revolutionise a variety of industries through advancements in satellite technology, the exploration of asteroid mining possibilities, and cutting-edge space exploration initiatives.

State Of Indian Ecommerce Report Q3 2023

The total addressable market for Indian ecommerce is projected to reach $400 Bn by 2030, expanding at a CAGR of 19% from 2022. Since 2014, the sector has attracted over $33 Bn in investments and is home to 25 unicorns and 14 soonicorns.

However, the sector has shown some vulnerabilities; the second quarter of 2023 marked a substantial downturn, witnessing a sharp 71% drop in total funding and a 50% decline in year-over-year deal count.

Conversely, the rise of ecommerce in Tier II cities and beyond is shaping India’s ecommerce landscape in a promising way. A slew of D2C brands from these regions is generating buzz and poised to make meaningful contributions to the sector.

This report offers an in-depth look at India’s current ecommerce climate, with a special focus on the emerging startups that are making waves within the industry. It highlights the impressive growth of startups originating from Tier II cities and beyond, thereby shedding light on a new frontier in Indian ecommerce.