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Road to Recovery: Indian Tech Start-up Landscape 2024

April 3, 2025 279 0 nasscom insights Product/Startups

Road to Recovery: Indian Tech Start-up Landscape 2024

India's tech startup ecosystem has rapidly evolved into one of the world's largest and most dynamic, driving both innovation and economic growth. Over the past few years, we have witnessed remarkable progress within this ecosystem, in terms of rising startup formations, deepening technology capabilities, growing Indian investor confidence, and expanding sectoral diversification. However, macroeconomic fluctuations, funding cycles, and evolving regulatory landscapes have also reshaped the ecosystem, bringing both challenges and new opportunities. This 11th edition of Nasscom’s annual tech startup report,titled “Road to Recovery: Indian Tech Start-up Landscape 2024”, provides a comprehensive analysis of the Indian tech startup landscape, offering data-driven insights, emerging trends, and forward-looking perspectives. It captures the growth trajectory, funding patterns, innovation hotspots, evolving challenges, and interventions required for sustainable long-term growth, in line with Viksit Bharat 2047 vision.

Key Highlights:

 

  • India's unique competitive advantages and growing digital economy contribute significantly to its GDP growth rate of 6.4%
    • Discussion on factors that have led to this growth of Indian economy
    • Understanding how technology-enabled digitization is transforming business models in the industry
    • Understanding the key areas that India will need to work on in order to make Viksit Bharat 2047 vision a reality, and how Indian tech startups have already started to work towards strengthening these pillars

 

  • New tech startup creation in India grew 2.1X in CY24 over CY23 with emerging hubs continuously increasing their share in the pie
    • Breaking down the number of new tech startups and looking at the changes in startup creation trends through different lenses
    • Detailed analysis of changes in funding environment within the Indian tech startup ecosystem, including sectoral and DeepTech deep-dives
    • Understanding the changing exit dynamics in the Indian tech startup ecosystem

 

  • Indian ecosystem today has 800+ Incubators and Accelerators, a ~1.5X growth since CY19
    • Detailed analysis of the Indian Incubator and Accelerator (I/A) ecosystem, covering Academia, Corporate, Private, and PublicI/As
    • Analysing the nature and quantum of support provided by Academia, Corporate, Private, and Public stakeholders to the Indian tech startup ecosystem
    • Deep dive on the contribution of corporates in supporting the growth of the Indian tech startup ecosystem
    • Understanding the tech startup investor ecosystem in the country, and how the investor dynamics are changing

 

  • Indian tech startups outperformed their growth expectations in CY24, and show strong optimism for revenue and fundraising in CY25
    • Gauging the pulse of the Indian tech startup ecosystem to understand the changing sentiments of the founders, key challenges startups face,and how their severity has changed over the last year
    • Understanding what interventions, the stakeholders in the Indian tech startup ecosystem need to make to not just address these challenges, but also better position the ecosystem to contribute effectively to the Viksit Bharat Vision 2047.
    • Presenting a strategic playbook for all stakeholders to help them better navigate the present and capitalize on future opportunities.

For a lot more details on the tech startup landscape in India, download the full report.

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



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