Wishesh Magazine November_2018 Wishesh Magazine November 2018 | Page 71

began across India and eight startups
became a unicorn in the year, the
highest in any single year, Nasscom
said.
Between January and September 2018,
Indian startups received $4.3 billion
funds, which is over 100 percent year on
year growth which means each deal had
an average of $9.4 million funding per
deal, an increase of 144 percent over
2017. In the current year, seed stage
funding went down 21 percent.
The year 2018 was likewise good for
mergers and acquisitions as there were
over 70 such activities which are a 15
percent rise over 2017, Nasscom said.
As far as startup ecosystem enablers
are concerned, India has more than 210
active accelerators/incubators, which is
an 11 percent increase when compared
to 2017.
Besides Silicon Valley and London,
Bengaluru has the third highest number of
startups in the world, according to a report
by trade body Nasscom and India’s startup
ecosystem is the world’s third largest, the
report said.
Amid 2013-2018, India saw between 7200-
7700 startups starting, and the overall base
is growing at 12-15 percent, the report said.
The Indian startup ecosystem generated
40,000 direct jobs in 2018 alone taking the
total employment in the segment to 1.6-1.7
lakh, Times of India said in its report adding
another 4-5 lakh people are estimated to be
employed indirectly.
In the last three years, over 35 corporate
accelerators/incubators have been
started by corporate firms in India. There
are as well over 14 international startup
exchange missions active in India as of
2018.
According to Nasscom, 50 percent of all
startups in India consists of Enterprise
Software, FinTech, and HealthTech
leading verticals, while Advanced Tech
startups grew over 50 percent in the last
year alone.
Data Analytics, Artificial Intelligence,
and IoT (Internet of Things) startups
are witnessing fastest adoption across
industry verticals, Nasscom said in its
report.
In 2018 alone, more than 1200 startups
NOVEMBER 2018 | WWW.WISHESH.NET