Start-ups: India - Revision history

Jyoti: /* 2019; 2014-19 */

2025-04-13T10:14:46Z

‎2019; 2014-19

Jyoti: /* Profile of founders */

2025-04-01T07:32:13Z

‎Profile of founders

Pdewan: /* 2019; 2014-19 */

2025-02-25T09:56:59Z

‎2019; 2014-19

Pdewan: /* Seed- stage investments */

2025-02-25T09:54:13Z

‎Seed- stage investments

Pdewan: /* 2016-18: Seed- stage investments decline */

2025-02-25T09:47:10Z

‎2016-18: Seed- stage investments decline

Jyoti: /* 2021-22 */

2025-01-12T20:04:05Z

‎2021-22

Jyoti: /* Start-up Ecosystem */

2024-02-27T19:37:00Z

‎Start-up Ecosystem

Pdewan: /* Cities that funded the most Startups */

2024-01-17T15:41:24Z

‎Cities that funded the most Startups

Pdewan: /* Rank of Indian cities in hosting start-ups */

2024-01-17T15:40:09Z

‎Rank of Indian cities in hosting start-ups

Jyoti: /* Women */

2023-12-08T00:16:22Z

‎Women

← Older revision		Revision as of 10:14, 13 April 2025
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	For Indian startups, raising more capital is necessary as they have to build fullstack business models, which requires more funding, according to venture capital investors. “Startups are not merely an aggregation layer but also building a supply by creating an infrastructure around their set of services, all of which is capital-intensive and not apparent to us,” said Anand Lunia, founding partner at early stage investment firm India Quotient.		For Indian startups, raising more capital is necessary as they have to build fullstack business models, which requires more funding, according to venture capital investors. “Startups are not merely an aggregation layer but also building a supply by creating an infrastructure around their set of services, all of which is capital-intensive and not apparent to us,” said Anand Lunia, founding partner at early stage investment firm India Quotient.
		+
		+	==Late- stage deals==
		+	===2016-2024===
		+	[https://epaper.indiatimes.com/article-share?article=25_02_2025_015_009_cap_TOI February 25, 2025: ''The Times of India'']
		+
		+	[[File: Late- stage deals’ share in total funding of Start-ups in India, 2016-2024.jpg\|Late- stage deals’ share in total funding of Start-ups in India, 2016-2024 <br/> From: [https://epaper.indiatimes.com/article-share?article=25_02_2025_015_009_cap_TOI February 25, 2025: ''The Times of India'']\|frame\|500px]]
		+
		+
		+	Mumbai: The share of late-stage deals in total startup funding has dropped to under 60% through 2024 and 2023, inching closer to levels seen in 2016 when the contribution of big-sized cheques--typically over $50 million, stood at 54%. This is a far cry from the past few years when large deals easily made over 70% of total investments into startups—in 2021 when funding hit a peak amid the Covid-led surge, touching close to $40 billion, the share of late-stage deals stood at 76%, a report by Blume Ventures showed. Funding rounds with a size of over $50 million comprised the bulk of the share of late-stage investments for more than five years now.
		+
		+	Following the global tech downturn and a broader market correction, late stage funding into US startups have seen a sharp revival, thanks to the AI boom. AI funding alone made up about $97 billion of total large deals worth $120 billion in the market. In India, the flow of large-deals have been rather tepid except a few outlier funding rounds like that of quick commerce startup Zepto which bagged a little over $1 billion in capital from investors in 2024. “A thriving venture market like US has about 70%-75% late stage funding as more companies keep growing and require more growth capital,” analysts at the VC firm said.
		+
		+	In all, Indian startups garnered $11.2 billion in funding in 2024 of which late stage deals accounted for $6.6 billion, a steep drop from $28.6 billion seen at its 2021 peak. Global investment giants like SoftBank and Tiger Global have been going slow on new big India deals, leading to a drop in late-stage funding, TOI had reported. Even the time taken to close early stage funding rounds is getting longer.
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	== Seed- stage investments ==		== Seed- stage investments ==

← Older revision		Revision as of 07:32, 1 April 2025
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	An analysis of the educational qualifications of startup founders in India shows that most tend to be engineers -- and 91% of them are male.		An analysis of the educational qualifications of startup founders in India shows that most tend to be engineers -- and 91% of them are male.
		+
		+	=Relocating headquarters to India=
		+	==As of 2025 Feb==
		+	[https://epaper.indiatimes.com/article-share?article=07_03_2025_012_015_cap_TOI Asmita Dey, March 7, 2025: ''The Times of India'']
		+
		+	[[File: Companies that have relocated their headquarters to India, till 2025 Feb.jpg\| Companies that have relocated their headquarters to India, till 2025 Feb <br/> From: [https://epaper.indiatimes.com/article-share?article=07_03_2025_012_015_cap_TOI Asmita Dey, March 7, 2025: ''The Times of India'']\|frame\|500px]]
		+
		+	For years, many Indian startups chose to register their companies abroad — often in the US, Singapore, or even the Cayman Islands — to access global investors and funding. But now, a wave of reverse migration is sweeping through India’s startup ecosystem. Companies that once set up their legal headquarters overseas are moving back to India, a trend known as “reverse flipping”.
		+
		+	The list includes big names like Razorpay, Udaan, Pine Labs, and Meesho, with some, like Zepto, having already completed the process. The shift isn’t simple — firms have to secure multiple legal and regulatory approvals and make hefty tax payments. Yet, many are taking the leap, driven by the promise of better IPO prospects, streamlined compliance, and India’s booming economy.
		+
		+	Notwithstanding the current state of the secondary market, the Indian capital market has matured significantly for IPOs, offering an attractive alternative to global markets. According to Alok Bathija, Partner at Accel, a software company with $50-$60 million in revenue and stable growth can now list in India, whereas a similar listing in the US would require nearly $500 million in revenue. With Indian markets offering higher valuations and greater accessibility, more startups are seeing the advantage of returning home.
		+
		+	''' Rise Of Reverse Flipping '''
		+
		+	Beyond IPO aspirations, shifting back also simplifies compliance, especially for startups in highly regulated sectors like fintech. Many of these companies generate the majority of their revenue in India and operate primarily within its financial system, making it logical for them to align with Indian laws. Amit Nawka, Partner at PwC, explains that fintech startups, as they grow larger and play a bigger role in India’s financial landscape, naturally fit better within the local regulatory framework. “As far as fintechs are concerned, as they get larger and contribute to India’s financial system, it is appropriate for them to be headquartered here, and it also gives regulators a sense of comfort,” he said.
		+	The trend is also being fuelled by the expansion of domestic funding options. Previously, Indian startups headquartered abroad had easier access to global investors, particularly US-based venture capital firms, which preferred to invest in companies domiciled within their jurisdiction. But that is no longer the case. According to Siddarth Pai, co-chair at the Indian Venture and Alternate Capital Association (IVCA), the rise of family offices and domestic venture capital funds has changed the game. “Not just the IPO-bound startups, but a whole host of other startups are looking to flip back to India, especially those in regulated areas. It becomes easier for a company to plan its expansion and get approvals for setting up new businesses if its parent company is regulated by RBI or Sebi,” he said. The abolition of the angel tax has further encouraged many startups to make the shift.
		+
		+	''' Impact On Indian Startup Ecosystem '''
		+
		+	Industry estimates suggest that more than 70 startups are currently in the process of reversing their domiciles, and at least 20 of them are major ecosystem players. However, around 500 Indian startups are still headquartered abroad, mostly in the US and Singapore. Among the most prominent companies to move back was PhonePe, which paid a staggering Rs 8,000 crore in taxes to shift its registration from Singapore to India. Sameer Nigam, co-founder & CEO of PhonePe, emphasised that for a highly regulated company like theirs, being based in India was the most logical decision. “India is where we started, India is where we are focused, and India is where we will stay for decades,” he said.
		+
		+	The Indian govt has taken steps to reduce bureaucratic hurdles and speed up the process for startups looking to shift back. Previously, an overseas startup merging with its Indian arm required National Company Law Tribunal (NCLT) clearance, a time-consuming procedure. Now, only govt and RBI approvals are needed, making the transition faster and more efficient. The rally in Indian tech stocks has also dispelled the longheld myth that startups must list on NASDAQ to achieve significant valuations. “India is one of the most robust IPO markets globally. In the last year alone, India had the highest number of IPOs globally, and second in value to the US,” said Varun Malhotra, Partner at Quona Capital. In 2024, India had 327 companies listing on the market, versus 183 in the US and 125 in Europe and 98 in China.
		+
		+	''' The Future of Indian Startups '''
		+
		+	For startups like Razorpay, moving back to India was an obvious choice. The company is paying over $100 million in taxes to make the transition, but CEO and co-founder Harshil Mathur believes it’s worth it. “The process of going public in India is much more streamlined today, making it a natural choice for startups like ours to grow and thrive in one of the world’s most dynamic economies. For Razorpay, reverse flipping aligns us closer to our primary market. India understands what Razorpay does, and it just makes logical sense for us to list on the market where people know us,” Mathur said.
		+
		+	With India rapidly emerging as a global startup powerhouse, this trend is only expected to accelerate. Sunil Khaitan, head of the financing group at Goldman Sachs India, predicts the “trend (will) accelerate in 2025, further positioning India as a key hub for entrepreneurial activity and leading to increased capital market access.” As regulatory reforms continue and the domestic investment ecosystem strengthens, the era of Indian startups incorporating overseas may soon be a thing of the past.
		+
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	=Start-up Ecosystem=		=Start-up Ecosystem=

← Older revision		Revision as of 09:56, 25 February 2025
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	For Indian startups, raising more capital is necessary as they have to build fullstack business models, which requires more funding, according to venture capital investors. “Startups are not merely an aggregation layer but also building a supply by creating an infrastructure around their set of services, all of which is capital-intensive and not apparent to us,” said Anand Lunia, founding partner at early stage investment firm India Quotient.		For Indian startups, raising more capital is necessary as they have to build fullstack business models, which requires more funding, according to venture capital investors. “Startups are not merely an aggregation layer but also building a supply by creating an infrastructure around their set of services, all of which is capital-intensive and not apparent to us,” said Anand Lunia, founding partner at early stage investment firm India Quotient.
		+
		+	== Seed- stage investments ==
		+	===2016-18: a decline===
		+
		+	[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F11%2F28&entity=Ar02814&sk=9CDE8165&mode=text Sindhu Hariharan, Early-stage deals hit as unicorns reap benefits, November 28, 2018: ''The Times of India'']
		+
		+	[[File: 2016-18- Seed- stage investments in Indian Start-ups.jpg\|2016-18: Seed- stage investments in Indian Start-ups <br/> From: https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F11%2F28&entity=Ar02814&sk=9CDE8165&mode=text Sindhu Hariharan, Early-stage deals hit as unicorns reap benefits, November 28, 2018: ''The Times of India'']\|frame\|500px]]
		+
		+
		+	Is India’s unicorn companies having a funding economy of their own? As the Indian startup ecosystem records successive years of record-making investment activity, more particularly chasing unicorns, research shows that the activity is terribly skewed against early stage funding.
		+
		+	Investment tracker, CB Insights noted that India closed just $206 million of angel- and seed-stage deals in 2017- a decline from the $283 million raised in 2016, and just 2% of the total amount raised. The number of deals at this stage also saw a steep drop from 710 in 2016 to just 462 in 2017. The research found that every surge in India’s funding has been driven by companies valued at over $1 billion, stating that “it’s almost as if India’s unicorn companies have a funding economy of their own.”
		+
		+	Investment data accessed by TOI from research platform Tracxn showed that the trend continued in 2018 as well. As per Tracxn’s analysis, the number of deals at the seed stage has seen a steady decline from 2016 onwards - 2016 saw 756 deals valuing $289 million in the seed stage, 2017 recorded 581 deals at $272 million, and there were only 364 seed investments in 2018 at $215 million (till Nov 23). However, Series E and F rounds - typically fuelling growth of unicorns - grew 330% and 113% in terms of value, with deal counts growing at 33% and 150% respectively.
		+
		+	KS Viswanathan, VP industry initiative, NASSCOM, attributed this to a priority mismatch.
		+
		+	“The investor community continues to be fond of investing in consumer tech space, but there has been a shift in the interest of emerging entrepreneurs to start up in deep tech areas,” he told TOI.
		+
		+	Padmaja Ruparel, co-founder & president, Indian Angel Network (IAN) said the regulatory climate may have a role to play.
		+
		+	[[Category:Economy-Industry-Resources\|E START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA
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← Older revision		Revision as of 09:54, 25 February 2025
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	Financial technology received the maximum funding with $27 million (Rs 185 crore) last year.		Financial technology received the maximum funding with $27 million (Rs 185 crore) last year.

−	~~== Seed- stage investments ==~~
−	~~===2016-18: a decline===~~

−	[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F11%2F28&entity=Ar02814&sk=9CDE8165&mode=text Sindhu Hariharan, Early-stage deals hit as unicorns reap benefits, November 28, 2018: ''The Times of India'']
−
−	[[File: 2016-18- Seed- stage investments in Indian Start-ups.jpg\|2016-18: Seed- stage investments in Indian Start-ups <br/> From: https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F11%2F28&entity=Ar02814&sk=9CDE8165&mode=text Sindhu Hariharan, Early-stage deals hit as unicorns reap benefits, November 28, 2018: ''The Times of India'']\|frame\|500px]]
−
−
−	Is India’s unicorn companies having a funding economy of their own? As the Indian startup ecosystem records successive years of record-making investment activity, more particularly chasing unicorns, research shows that the activity is terribly skewed against early stage funding.
−
−	Investment tracker, CB Insights noted that India closed just $206 million of angel- and seed-stage deals in 2017- a decline from the $283 million raised in 2016, and just 2% of the total amount raised. The number of deals at this stage also saw a steep drop from 710 in 2016 to just 462 in 2017. The research found that every surge in India’s funding has been driven by companies valued at over $1 billion, stating that “it’s almost as if India’s unicorn companies have a funding economy of their own.”
−
−	Investment data accessed by TOI from research platform Tracxn showed that the trend continued in 2018 as well. As per Tracxn’s analysis, the number of deals at the seed stage has seen a steady decline from 2016 onwards - 2016 saw 756 deals valuing $289 million in the seed stage, 2017 recorded 581 deals at $272 million, and there were only 364 seed investments in 2018 at $215 million (till Nov 23). However, Series E and F rounds - typically fuelling growth of unicorns - grew 330% and 113% in terms of value, with deal counts growing at 33% and 150% respectively.
−
−	~~KS Viswanathan, VP industry initiative, NASSCOM, attributed this to a priority mismatch.~~
−
−	~~“The investor community continues to be fond of investing in consumer tech space, but there has been a shift in the interest of emerging entrepreneurs to start up in deep tech areas,” he told TOI.~~
−
−	~~Padmaja Ruparel, co-founder & president, Indian Angel Network (IAN) said the regulatory climate may have a role to play.~~

	[[Category:Economy-Industry-Resources\|E START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA		[[Category:Economy-Industry-Resources\|E START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA

@@ Line 223: / Line 223: @@
 Financial technology received the maximum funding with $27 million (Rs 185 crore) last year.
-==2016-18: Seed- stage investments decline==
+== Seed- stage investments ==
 [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F11%2F28&entity=Ar02814&sk=9CDE8165&mode=text   Sindhu Hariharan, Early-stage deals hit as unicorns reap benefits, November 28, 2018: ''The Times of India'']
@@ Line 240: / Line 242: @@
 Padmaja Ruparel, co-founder & president, Indian Angel Network (IAN) said the regulatory climate may have a role to play.
 ==2017/ Overall funding: $9.5 billion==

@@ Line 92: / Line 92: @@
 The department for promotion of industry and internal trade (DPIIT), which earlier said government-recognised startups have created around 6. 5 lakh jobs in the country, wants to register around 50,000 new startups in the four years. The survey also pointed to the growth of startups in the space sector that shot up from 11 in 2019 to 47 last year. The domestic space sector, which currently accounts for 2% of the $447 billion global space economy, is expected to capture a much larger share going forward.
-[[Category:Economy-Industry-Resources|E START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA
+==2023==
-START-UPS: INDIA]]
+[[File: Startups in India in 2023, city- wise.jpg|Startups in India in 2023, city- wise <br/> From: [https://epaper.indiatimes.com/article-share?article=13_12_2024_023_006_cap_TOI  Dec 13, 2024: ''The Times of India'']|frame|500px]]
-[[Category:India|E START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA
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+'''See graphic''':
-[[Category:Pages with broken file links|START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA
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+'' Startups in India in 2023, city- wise ''
 [[Category:Economy-Industry-Resources|E START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA

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	Meanwhile, all major Chinese ecosystems dropped in the overall rankings.		Meanwhile, all major Chinese ecosystems dropped in the overall rankings.
		+
		+	=States where start-ups flourish the most=
		+	==2023==
		+	[https://timesofindia.indiatimes.com/business/india-business/guj-ktaka-kerala-tn-best-for-startups/articleshow/106911903.cms January 17, 2024: ''The Times of India'']
		+
		+	[[File: State rankings on the basis of ecosystem for startups, 2024.jpg\|State rankings on the basis of ecosystem for startups, 2024 <br/> From: [https://timesofindia.indiatimes.com/business/india-business/guj-ktaka-kerala-tn-best-for-startups/articleshow/106911903.cms January 17, 2024: ''The Times of India'']\|frame\|500px]]
		+
		+	''' Guj, K’taka, Kerala & TN best for startups '''
		+
		+	''' DPIIT Assessment Done On 25 Action Points From Funding Support To Market Access '''
		+
		+	TIMES NEWS NETWORK
		+
		+	New Delhi : Gujarat, Karnataka, Kerala and Tamil Nadu ranked best states in providing a strong ecosystem for startups, according to the latest rankings. Among Union territories and smaller states, Himachal topped the list.
		+
		+	The rankings put together by the department for promotion of industry and internal trade (DPIIT) keep Bihar and Haryana in the same bracket of “aspiring leaders”. Although the former is considered a laggard on several economic parameters, it is seen to have undertaken several steps to support startups, just like Haryana where Gurugram is home to several MNCs and startups.
		+
		+	Each state was ranked which was then converted into percentiles and similar placed states were put in one segment. States in the 90-100 percentile were classified as “best performers”, while those with 30-49 were “aspiring leaders”. Delhi, Chhattisgarh and Jammu & Kashmir — which managed under 30 percentile — were put in the “emerging startups ecosystem” group.
		+
		+	Government officials, however, said that too much should not be read into it as the idea was to encourage states to compete and per form better and almost all states and UTs were working to develop a good ecosystem.
		+
		+	Apart from assessment on 25 action points ranging from institutional support to funding support and access to market, 33 states and UTs, were also gauged on the basis of feedback, both qualitative and quantitative.
		+
		+	In the initial years, DPIIT used to rank states based on the assessment, but for the last few years it has done away with that and instead clubs them based on the score.
		+
		+	Addressing an event whe re the rankings were released and startups were awarded, commerce and industry minister Piyush Goyal said that once a novelty has now become an integral part of the national mainstream.
		+
		+	He identified tourism as a sector with untapped function and encouraged them to explore innovative ideas around sustainable tourism. Artificial intelligence was another focus area, he said, adding that startups had made a substantial contribution in fintech, medtech, agriculture and drones.

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@@ Line 18: / Line 18: @@
 =Cities that funded the most Startups=
 ==2020, 2021 ==
 [[File: Cities that funded the most Indian Startups in 2020, 2021.jpg|Cities that funded the most Indian Startups in 2020, 2021 <br/> From: [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL/2021/10/25&entity=Ar01716&sk=28F99BA0&mode=image  Oct 25, 2021: ''The Times of India'']|frame|500px]]
@@ Line 40: / Line 91: @@
 The department for promotion of industry and internal trade (DPIIT), which earlier said government-recognised startups have created around 6. 5 lakh jobs in the country, wants to register around 50,000 new startups in the four years. The survey also pointed to the growth of startups in the space sector that shot up from 11 in 2019 to 47 last year. The domestic space sector, which currently accounts for 2% of the $447 billion global space economy, is expected to capture a much larger share going forward.
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-[[File: The number of active start-ups in the major cities of India in 2013-19.jpg| The number of active start-ups in the major cities of India in 2013-19 <br/> From: [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2019%2F09%2F11&entity=Ar00300&sk=BB364DBE&mode=text  Shubhra Pant, Sep 11, 2019: ''The Times of India'']|frame|500px]]
+[[Category:Economy-Industry-Resources|E START-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIASTART-UPS: INDIA
-−
-−
-Bengaluru is India’s Silicon Valley, but here’s the surprise: Delhi, Gurgaon and Noida — collectively, Delhi-NCR — together are far ahead in the number of startups they are home to. Another reason to call the National Capital Region India’s startup capital region is that it is home to the highest number of unicorns — companies valued at over $1bn — which underlines the economic might it possesses.
-−
-The numbers were revealed in a report launched by Niti Aayog CEO Amitabh Kant in Delhi on Tuesday; at 7,039, Delhi-NCR is a runaway leader in the number of startups, followed by Bengaluru (5,234), Mumbai (3,829), Hyderabad (1,940), Pune (1,593) and Chennai (1,520).
-−
-Delhi alone, with 4,491 startups, is well ahead of Mumbai while Gurgaon (1,544), the magnet around which Delhi-NCR’s corporate world revolves, has more startups than Chennai and is almost equal to Pune. Noida, where mobile payment firm Paytm is based, has over 1,000 startups and is catching up with the others fast. In terms of the total startup valuation in India, Delhi-NCR’s contribution is almost 50%.
-−
-The report, titled ‘Turbocharging the Delhi-NCR Start-up Ecosystem’, has been prepared by The India Entrepreneur (TIE) network along with Zinnov, a Gurgaon-based management consulting firm.
-−
-Commenting on the findings, Rajan Anandan, MD of Sequoia Capital, India and TIE’s Delhi-NCR president, said the numbers had come as a surprise to them as well. “NCR is the strongest in consumer tech and services startups with real potential to make it to the top five globally in terms of the startup ecosystem and activity,” said Anandan.
-−
-According to the report, NCR — home to the likes of Zomato, OYO and Rivigo — has 10 unicorns, followed by Bengaluru with nine. Mumbai has only two.
-−
-The numbers were revealed in a report launched by Niti Aayog CEO Amitabh Kant in Delhi on Tuesday; at 7,039, Delhi-NCR is a runaway leader in the number of startups, followed by Bengaluru (5,234), Mumbai (3,829), Hyderabad (1,940), Pune (1,593) and Chennai (1,520).
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-Delhi alone, with 4,491 startups, is well ahead of Mumbai while Gurgaon (1,544), the magnet around which Delhi-NCR’s corporate world revolves, has more startups than Chennai and is almost equal to Pune. Noida, where mobile payment firm Paytm is based, has over 1,000 startups and is catching up with the others fast. In terms of the total startup valuation in India, Delhi-NCR’s contribution is almost 50%.
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-The report, titled ‘Turbocharging the Delhi-NCR Start-up Ecosystem’, has been prepared by The India Entrepreneur (TIE) network along with Zinnov, a Gurgaon-based management consulting firm.
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-Commenting on the findings, Rajan Anandan, MD of Sequoia Capital, India and TIE’s Delhi-NCR president, said the numbers had come as a surprise to them as well. “NCR is the strongest in consumer tech and services startups with real potential to make it to the top five globally in terms of the startup ecosystem and activity,” said Anandan.
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-According to the report, NCR — home to the likes of Zomato, OYO and Rivigo — has 10 unicorns, followed by Bengaluru with nine. Mumbai has only two.
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-'''  Delhi beckons entrepreneurs, but still has no govt-backed startup hub '''
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-The interesting part is that beyond these 10 unicorns, NCR has another 10 soon-to-be unicorns and once they touch the $1-billion mark, it will be very difficult for any other city to beat NCR in this area,” Kant said while launching the report.
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-Delhi-NCR also has three of India’s four most valuable listed internet companies — Info Edge, MakeMyTrip and indiaMART. “It is quite motivating for budding entrepreneurs like me to know that Delhi has such a strong startup ecosystem. When you see so many companies touching the unicorn mark, you also get inspired and motivated to reach there,” said Meghna Saraogi, founder of Styledotme, a Gurgaon-based startup.
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-The report also pointed out that Delhi-NCR also has a diverse mix of startups with maximum activity in consumer products and services (14% of the total), followed by e-commerce, health, and education tech. Reacting to the findings, Sakshi Vij, founder of MylesCar said, “I think Bangalore has always been marketed better than Delhi probably because they started early. But Bangalore is now saturating as a market.”
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-But on the flipside, the success story of Delhi-NCR hasn’t quite led to organic growth in its support system where Bangalore is still the best-placed city in India. For a region that plays host to 23% of the country’s total startups, there is not a single government-backed startup hub in Delhi-NCR. Besides, only 10% of all incubators in India are located in Delhi-NCR and only 8.5% of all accelerators are based here. The report, highlighting this, called for a robust infrastructure setup in and around Delhi to sustain this growth rate. “When it comes to government initiatives to boost startup activity, assistance must also be provided in NCR,” said Anandan.
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-Meanwhile, Kant assured industry members that, “We are willing to open up to 25 incubation centres in NCR as long as we get viable business models. We will also speak with the Haryana and UP government and push for the development of startup hubs in Noida and Gurgaon.”
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	''Indian Start-ups: <br/> Women employees, presumably as in 2018; <br/> 2015-17: Women founders''		''Indian Start-ups: <br/> Women employees, presumably as in 2018; <br/> 2015-17: Women founders''
		+
		+	=Women-led startups=
		+	==2014-2023==
		+	[https://timesofindia.indiatimes.com/business/india-business/bengaluru-tops-in-women-led-startups-mumbai-is-second/articleshow/105338303.cms Nov 20, 2023: ''The Times of India'']
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		+	[[File: Women- led startups, city wise, presumably as in 2023.jpg\| Women- led startups, city wise, presumably as in 2023 <br/> From: [https://timesofindia.indiatimes.com/business/india-business/bengaluru-tops-in-women-led-startups-mumbai-is-second/articleshow/105338303.cms Nov 20, 2023: ''The Times of India'']\|frame\|500px]]
		+
		+	BENGALURU: The Karnataka capital is home to 1,783 women-led startups, followed by Mumbai and Delhi at 1,480 and 1,195 respectively, showed data from startup data platform Tracxn. Noida, Kolkata, and Ahmedabad took the eighth, ninth and tenth spots with 324, 184 and 181 women-led startups respectively.
		+
		+	With more than 61,400 startups, India’s startup ecosystem has added more firepower to become the third-largest hub globally after the US and China.Bengaluru has been one of the top startup ecosystems in India that has catalysed risk-taking among entrepreneurs with a conducive policy framework. But the gender divide is still stark. A slew of initiatives from incubation programmes, grants and fellowships offered to women-founded startups are trying to address the gender gap.
		+
		+	Karnataka, for instance, is the first state in the country to provide grant-in-aid of Rs 50 lakh to encourage innovators who need early-stage funding to startups without taking equity in return. This programme has put the spotlight on women entrepreneurs, resulting in 30% winners being women founders.
		+
		+	Tracxn counts Zomato, Byju’s, Ofbusiness, Upstox, Lenskart and Open among the top 10 women-led startups in the country. The funding landscape for women-led companies showed a significant surge in the number of rounds, rising from 171 in 2014 to 460 in 2022. However, in 2023, the number of rounds dropped to 185. The funding into women-led startups has decreased from 183 startups in 2014 to a mere 7 this year.
		+
		+	The number of women-led unicorns from 2008 to 2018 was 14, the data showed. Bengaluru-based neobank Open, which became the 100th unicorn, has two women co-founders — also its COO Mabel Chacko and CFO Deena Jacob. Nykaa, Mamaearth, Hasura, Pristyn Care, OfBusiness, Mobikwik, The Good Glamm Group, and Livspace are the other Indian unicorns with at least one women co-founder.
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	=Rank of Indian cities in hosting start-ups=		=Rank of Indian cities in hosting start-ups=