30K+ 

$551 Mn+ 

40K+ 

 fund of funds established by the state government

$101 Mn+

Key Highlights

Between 2016 and 2021, over 4K startups were launched in the Kerala startup ecosystem. 95% of startups have been established in the last five years (2016 to 2021). In addition, the state has seen a total venture capital inflow of $551 million across 110 funding transactions.

For more than a decade, Kerala has been known for its proactive approach to assisting startups. The state's distinct socioeconomic factors, such as a high literacy rate and per capita income, allow it to cultivate the country's most promising startup ecosystem.

The purpose of this report is to quantify the growth of the state's local startup ecosystem as well as the impact of initiatives spearheaded by the state's Kerala Startup Mission (KSUM) on the entrepreneurial ecosystem.

The State Of Kerala Startup Ecosystem Report 2022