The State Of Indian Startup Ecosystem Report 2020

Summary

From having a handful of tech companies to dozens and now thousands of innovative new ventures, India’s startup ecosystem grew immensely in the past decade. From 29K startups in 2014, the number has grown exponentially from 2015-2018 and will touch 55K startups by the end of 2020. With overall funding skyrocketing to touch $63 Bn between 2014 to H1 2020 alone, India has seen entry of 33 startups in the unicorn club having a combined valuation of $114 Bn. After steady growth in 2018 and 2019, in 2020 too, the Indian startup ecosystem was expected to remain stable in terms of funding and investor interest, but the pandemic has changed the game completely. With the funding winter coming in early, there’s a bigger focus on sustainability, which is also expected to play a part in the number of funding deals. Nevertheless, there are several positives still in the Indian market to give us hope about the future of startups. Growing from a nascent stage to a flourishing ecosystem to the current stage of maturity and stability, Indian startups have some of the best market conditions to take advantage of with digital products and services adoption at an all-time high. Once the medium and long-term pandemic impact subsides, there’s no stopping Indian startups. This report will act as a go-to-guide for just about everything one may want to understand about the Indian startup ecosystem. With deep, data-driven insights to influence strategic decision-making in governance, investments, growth, and other core aspects driving the Indian startup ecosystem.