The fourth edition of the NASSCOM-Zinnov report titled “Indian Start-up Ecosystem – Traversing the Maturity Cycle – 2017” is a compilation of facts, trends, and insights on the Indian tech start-up landscape. The report examines the evolution of the ecosystem, its growth drivers, and highlights the role played by investors, incubators/ accelerators, and the government.
India has witnessed a phenomenal progress of the technology start-up ecosystem in the last 10 years. The period was marked by the inception of several thousands of start-ups, rise of unicorns with a total current market valuation of over US$ 32 Bn and the emergence of category leaders in areas of Robotics, Analytics, EduTech, HealthTech, Fintech, etc. In 2017, the start-up base in India is expected to cross 5000 with a 7% growth from 2016. The number of new start-ups is likely to come down from 1400+ in 2016 to 1000+ in 2017 as entrepreneurs pivot their business models and explore untapped opportunities
Indian ecosystem continues to remain attractive for investors with almost US$ 6.4 Bn of funding in first half of 2017 demonstrating 167% growth over H1 2016. The start-up ecosystem also witnessed mushrooming of a significant base of companies building solutions for India centric grass root level problems across Healthcare, Education Inclusion, Financial Inclusion, Clean Energy and Agriculture.
The report has touched upon every aspect of the start-up landscape, and can be used as a solid reference guide in framing actionable directives for the ecosystem.
B2B’s share in new start-up addition rises from 34% in 2016 to 47% in 2017.
Insurtech and wealth management are emerging areas within fintech, while within healthtech, areas like anomaly detection, disease monitoring and tele-health are emerging.
The total base of advanced tech-start-ups currently stand at 700+, growing at 25-30%. Artificial Intelligence fastest growing at 75% growth in newly incorporated start-ups.
325+ start-ups emerging, with YoY growth of 18%, catering to social challenges in the areas of healthcare, education, financial inclusion, clean-tech, thus, building solutions for India specific problems.
Download the report and get detailed insights on the sector.
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