Indian Tech Start-up Ecosystem – On the March to a Trillion Dollar Digital Economy”
Blog: NASSCOM Official Blog
“Indian Tech Start-up Ecosystem – On the March to a Trillion Dollar Digital Economy” underlines how Indian start-up ecosystem maintained its growth even during turbulent times of COVID-19. It covers core growth drivers which have led to the acceleration of India’s Digital Economy Ambition. It also highlights the trends which reflects the stakeholders strategy and ecosystem standing for 2020
Key Highlights
The Resilient Indian Tech Start-up Ecosystem:
• Tech start-up base continues to expand steadily at 8-10%
• Record 12 unicorns added in 2020
• Enhanced penetration of deep-tech with 2100+ start-ups leveraging deep-tech
• Investor sentiment is recovering with H2 2020 funding up by 90% over H1 2020
Leading to Acceleration of Priority Themes for India’s Digital Economy Ambition
• Fintech: 35% of retail investors are using FinTech
• HealthTech: 2.2X growth in online consultations
• Enterprise: 58% of unicorns in 2020 are B2B tech start-ups
• Edtech: 2.6X more equity investments in 2020 (vs 2019)
Indian founders have strengthened their playbook to convert crisis into an opportunity
• Remote Work – as a capability
• Growth at ‘affordable’ cost
• Think Global – sooner, than later
• Banyan Tree – ‘capture’ adjacencies
Other Key Trends:
• Unicorn club and the pipeline of potential unicorns, have expanded significantly
• Investor sentiments positive- clear recovery evident in deal value and numbers
• Corporate M&A pace and investments recovering gradually
• Deep-tech adoption is increasing and is expected to accelerate further
The post Indian Tech Start-up Ecosystem – On the March to a Trillion Dollar Digital Economy” appeared first on NASSCOM Community |The Official Community of Indian IT Industry.
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