Indian Tech Start-up Ecosystem: Leading Tech in the 20s

NASSCOM’s report on “Indian Tech Start-up Ecosystem: Leading Tech in the 20s” underlines how Indian start-up ecosystem continues to expand and various elements of the ecosystem are coming together in symphony to give rise to an orchestra of innovation – right from Government support (State and Central), evolution of the investor landscape, increase in participation from the corporates, growth of national digital infrastructure, to incredible global exposure.

Key Highlights

Ecosystem Growth

  • Overall start-up base in the country expected to cross 9300 in 2019 – a consistent annual growth of 12-15%
  • Investment in start-ups were steady with USD 4.4Bn in Jan to Sep 2019 across 450 start-ups at a 5% y-o-y growth.

Growth Enablers

  • Fintech, enterprise, and retail tech are the most mature sectors with strong metrics across dimensions
  • Over ~45% CAGR growth in no. of start-ups across established, emerging and nascent hubs

Key Trends

  • 10 key trends reflect ecosystem’s growing breadth, depth and overall maturity in a competitive global environment
  • Trends cover emerging start-up hubs; leveraging deep-tech and focusing on underserved markets and more


  • Indian start-up ecosystem has the potential to grow 4X by 2025 in what would be a decade of exponential growth
  • Number of unicorns expected to be 95-105 potentially and the cumulative valuation to reach USD 350-390Bn.



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