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NASSCOM report

NASSCOM report

The NASSCOM report on Indian Tech Start-Up Ecosystem stated that India continues to be the third-largest start-up ecosystem after China and the US. In the year 2019, India has added more than 1300 tech start-ups according to the report. Between January to September in 2019, there were around 8900 to 9300 start-ups as compared to 7700-8200 a year ago.

Key Points:

  • The investment in start-ups in the period January-September, 2019 touched 4.4 billion USD.
  • The indirect jobs created by the start-up ecosystem can jump to 39 to 44 lakh by 2025 from 14 to 16 lakh in 2019.
  • The Indian start-ups have the potential to grow about 4 to 5 times by 2025.
  • Around 18% of the start-ups are leveraging deep-tech, fin-tech, a retail tech that are the most mature sectors with strong metrics.
  • In 2019, the start-ups created 60,000 direct jobs as compared to 40,000 in 2018.
  • Seven new unicorns were added in 2019. This takes the total number of unicorns in the country to 24, which is the third-highest number of unicorns in a single country in the world.
  • Unicorn refers to a tech start-up that reaches 1 billion USD market value. 71% of these unicorns are B2B focused.

About NASSCOM :

NASSCOM is the National Association of Software and Services Companies. It is a non-profit trade association of Indian IT and BPO industries.

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