As India strikes in the direction of turning into a digital economic system, the expertise start-up ecosystem continues to witness a big development trajectory on the again of fast digitalisation and tech adoption.
A Nasscom and Zinnov report says over 1,600 tech start-ups had been added to the ecosystem final 12 months with a report variety of 12 new unicorns – the very best ever added in a single calendar 12 months. The Indian tech start-up base is witnessing a gradual development at a scale of 8-10 per cent yoy, in response to the report titled Indian Tech Begin-up Ecosystem – On the March to Trillion Greenback Digital Economic system.
Indian start-ups not solely managed to remain afloat amidst uncertainties and fast experimentations after the pandemic outbreak, but in addition strategically strengthened their playbook by changing the disaster into alternative. Relying on headwinds, 2021 guarantees to be a constructive 12 months for Indian tech start-ups – marching steadily in the direction of a trillion-dollar digital economic system purpose.
–Tech start-up base continues to broaden steadily at 8-10%
— Report 12 unicorns added in 2020 – highest ever in a calendar 12 months
— Investor sentiment recovered with H2 2020 funding up by 90% over H1 2020
— 2,100 start-ups leveraged deep-tech up from 1,600 in 2019
— Potential unicorn pipeline stays robust with 1.5X development since 2019
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