According to a recent NASSCOM report, India’s startup Environment has grown over double. The country’s startup grew to 330 billion dollars between 2020 and 2021.
Highlights:
The year 2021 was a watershed moment for startups. Between 2020 and 2021, 65,000 startups generated 6.6 lakh direct jobs and 34.1 lakh indirect jobs.
The retail, EdTech, BFSI, Retail Tech, SCM and Logistics, Food Tech, and mobility businesses created the majority of the new jobs.
The number of value deals more than tripled. Deals worth more than $100 million USD saw a significant increase in the number of deals.
Among the startups, there is a willingness to take chances. The level of investor confidence has risen.
Investors from India were involved in 50% of the deals signed. The number of transactions grew by thrice.