Start-ups: India
This is a collection of articles archived for the excellence of their content. |
2015: Bengaluru has youngest entrepreneurs in world
The Times of India, Jul 29 2015
Shalina Pillai & Anand J
At average 28.5 yrs, Bengaluru has youngest entrepreneurs in world
Bangalore has the youngest startup ecosystem in the world, with the average founder's age at 28.5 years, according to a survey of the top 20 global startup ecosystems. In Silicon Valley , the world's largest startup hub, the average age is eight years older than in Bengaluru at 36.2 years. Kuala Lumpur comes closest to Bengaluru, at 30.5 years, followed by Sao Paulo, 31.7 years, and Berlin, 31.8%. Sydney has the highest average age among startup founders, at 40.3 years, according to The Startup Ecosystem report by San Francisco-based Compass, a research firm that provides global benchmarking tools.
Compass also finds that Bengaluru moved up four positions to rank 15 in 2015 among the top 20 startup ecosystems, advancing from rank 19 in the 2012 ranking. It was amongst those who made the biggest leaps. Others who made similar leaps were New York, Austin, Singapore, Berlin and Chicago. Silicon Valley retains the top spot in the survey that looks at performance, funding, market reach, talent, and startup experience.
There were only three cities Bengaluru, Singapore, and Sydney from Asia Pacific in the top 20. Many of the cities in the top 20 were US ones. New Delhi was not in the top 20, but was among the runners up, together with Kuala Lumpur, Hong Kong, and Jakarta in Asia Pacific.
Bengaluru saw the most growth in seed fund rounds over the last three years, with an annual average growth of 53%. It was followed by Sydney (33%) and Austin (30%). According to the report, which was compiled with the help of global startup database CrunchBase, Bengaluru has done well in the funding parameter with a rank of 6, just below Chicago.
2015: Number of Indian startup No. 3 in world
The Times of India, Oct 14 2015
India bags No. 3 spot in world's startup ecosystem Fuelled by $100 million flowing into the country's startups every week, the number of startups founded in the country has grown by 40% in 2015 over the previous year, said Nasscom's latest report on the Indian startup ecosystem. India is the third biggest startup ecosystem with more than 4,200 founded and it is expected that the country will receive $6.5 billion in funding in 2015. The largest startup ecosystems are the US (47,000-48,000 startups) and UK (4,500-5,000). Israel and China follow India.
India saw 1,200 startups being born in 2015. Currently, three-four startups are born each day . The number of startups is projected to grow to around 12,000 by 2020. The startups now employ around 85,000 people directly .
The report, launched in partnership with consulting firm Zinnov and Google, finds that 72% of the founders are less than 35 years old. The number of female entrepreneurs still constitutes only 9% of the entrepreneurs in the country , but the absolute number grew by 50% over the past year.
R Chandrashekhar, president, Nasscom, said, “The emergence of unicorns (startups with a valuation of $1 billion or more) and the big exits have created a lot of confidence in the ecosystem. Startups are now creating innovative technology solutions that are addressing social problems.“
