In this article, we are going to dive deeper into the startup ecosystem of India, and the strides they have taken to improve the current startups as well as create new ones over the years. Through initiatives from the government and funds from investors, startups in India have grown substantially.
In 2023, funding from both Indian and international investors totaled a whopping $8.4 billion dollars. This funding is a sign that these investors are interested in the creation and well being of startups, and the funding has no signs of stopping soon, allowing these startups to face resilience in the market with ease. Transportation and Logistics is among the top funded sectors in the past 10 years.
Through funding from these investors, and initiatives from the government like Startup India and Digital India, India has emerged as the world’s 3rd largest ecosystem for unicorn startups, as well as ranking 2nd in innovation quality.
When breaking down the best cities for startups in India, Bengaluru stands in first place as it received $70.4 billion dollars for startups within the last decade, with Delhi-NCR and Mumbai coming in at 2nd and 3rd spots respectively.
The future of India’s startup ecosystem appears to be trending in the right direction. The economy of India heavily relies upon the success of startups, meaning that India will focus on adding to the success of these companies, and continuing to fund and create initiatives to help benefit them. The finance ministry says that the economy of India is projected to grow at 7% in 2024, and another 7% in 2025. WIth these projected annual growth rates, India is set to be the 3rd largest economy in the world by 2027 with a GDP of $5 trillion dollars, a $1.3 trillion dollar increase from where it currently stands today at $3.7 trillion. Based on current projections and funding, there is no better time to invest in a startup in India. Contact us through our website or LinkedIn to learn more about our Master Franchise Opportunity.
(Photo: Unsplash)
Start your entrepreneurial success with MBE
MBE is expanding around the globe. Click below to get more information about our opportunities.
