The Indian startup ecosystem is a thriving space for all the young entrepreneurs and businesspersons who want to make it big as far as self-employment and novel ideas of business are concerned. This ecosystem is home to a plethora of opportunities as it is the third largest startup ecosystem across the globe, with more than 96 thousand startups, and the value created by the same is USD 500 billion.
As per projections, by 2025, further development in this sector will lead to the total number of startups increasing to 2 lakhs, which will employ 3.25 million people. It is being projected that from 2021 up to 2025, a total of USD 150-200 billion will be invested in the Indian startup ecosystem, and by 2025, the Indian startup ecosystem will become the second largest in the world after the USA, and will also have 250 unicorn companies.
Along with this, India has also emerged as a software export giant with the largest engineering population in the world and exported more software (USD 148.3 billion) than Saudi Arabia exported oil (USD 145.3 billion) in the year 2021. If we take a gander at the functioning of the startups in India, 67 percent of all the startups are concentrated in Bengaluru, Delhi-NCR, and Mumbai, and between 2021 and 2022, Bengaluru saw 48 percent of the total deal value.
From 2014 to 2022, startups have raised USD 136 billion, with more than 520 accelerators and incubators, more than 750 institutional investors, more than 2480 active investors, and more than 950 acquisitions. 2022 saw startups raise USD 25 billion across 1,519 deals and 240+ M&As. Along with this, India’s 108+ unicorn companies have created USD 350 billion in value. 42 startups emerged as unicorns over 2021, more than the figure for the last six years combined. In 2022, 22 new companies emerged as unicorns.
India is also growing as a deep-tech hub, with more than 3830 AI startups, more than 1170 IOT startups, more than 190 AR/VR startups, and more than 40 robotics startups.
