The surge in the vibrant startup landscape in India has shifted perspectives for many companies around the world. They’re looking at India from a completely different light, now that several Chinese investors are investing in Indian companies as well.
The 2017 NASSCOM-Zinnov report suggested that there were more than 1000 tech startups that were launched in the year, with the total number of tech startups now reaching around 5000+. The rapid rise of funded startups is going to increase further in 2018, with global investors looking to fund the future of the country.
R Chandrashekhar, President, NASSCOM, is bullish on the IT startup space. “The Indian startup ecosystem is maturing, driven by young, diverse and inclusive entrepreneurial landscape.
This is leading to emergence of focused domain solutions for verticals like healthcare, agriculture, and education. Findings of the report are a testimony to the potential of the start-up landscape and the scope of growth and opportunity that India presents.
NASSCOM will continue its drive towards catalyzing deep tech start-ups, build category leaders and support start-ups to create for India.” B2B tech startups have taken the cake with regards to growth in India in 2017. With Indian investors focusing on profitability and cash flow, B2B startups are an attractive avenue for investors to get good returns. Read more from thenewsminute.com…
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