Indian Startup Ecosystem

In: People

Submitted By alex74940
Words 707
Pages 3
Indian Society
Why is India a great startup ecosystem ?
There is a joke about India saying that « India is about the ABC’s » A, B & C standing for
Astrology, Bollywood and Cricket. It is time for the jokers to stop underrating India and to make the S of ABC’s stands for Start-ups.
India is the third biggest startup ecosystem in the world. In the past few years, the Indian startup ecosystem has been driven by factors like massive funding, growing domestic activities and cutting edge technology. The figures are impressive : 3,100 startups in 2014, a projection of more than 11,500 by 2020. Between 2010 and 2014, the infusion of VC and PE went from $13 million to
$1,818 million. Angel investment has also multiplied 8 times from $4.2 million to $32.2 million.
It’s a new paradigm for indian economy. It is changing the way the markets are working today in
1) Internet allowed a new access to knowledge :
We must underline that the Online Courses platform Coursera ( has more of 75% of its customers in developing countries such as India. Among those 75%, 50% are less than 18 years old. What does this mean for indian economy ? There are currently a lot of indian young people following lectures of top teachers from Harvard and other IVY League schools. In other words, millions of youngsters are getting new skills everyday on the Internet, but those skills do not have a big impact on their employability because they don’t receive diplomas.
This huge amount of skills transmitted daily thanks to is creating a generation of youngsters in India that wants to value their skills through entrepreneurship. A report, launched in partnership with Google and the consulting firm Zinnov, finds that 72% of the founders are less than 35 years old.Internet created a new equation in India :
Access to knowledge + new skills + low…...

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