The startup industry has gained prominence in many parts of the world in the past few years. With the explosion of technology and young people wanting to start their own businesses, we definitely need more startups, and the number continues to rise in India. The importance of startups in India resides in their potential to address a wide range of concerns, from employment to innovation, growth to...
With one of the world’s greatest start-up ecosystems, India is quickly becoming the favourite home for unicorns, from Urban Company to Byju’s, from Up grad to Nykaa. According to statistics, Indian start-ups have flourished in recent times, with a total investment of $6.6 billion in 2018, rising to $10 billion in 2020, and then to $36 billion in 2021. Clearly, India has a plethora of...
Are you a start-up-er? Ever heard of that term before? My guess is you haven’t. Well a start-up-er is an individual who is passionate about working with small, driven groups of entrepreneurs, wearing multiple hats and working long and crazy hours in order to achieve a target or complete a goal. Further, these individuals on the hunt for jobs in start-ups in India thrive in an environment that is...
Post the pandemic, the government of India is on a mission to build a strong startup ecosystem. For the support and benefit of entrepreneurs, the government has created a ministry that is dedicated to assisting new businesses and providing them with valuable expertise and other facilities in order to grow. Considering the fact that the country is offering various government schemes to...
Startups today are playing a crucial part and contributing handsomely to the growth of the economy. They are the vibrant, diverse and innovative channel through which smart ideas and tech are changing the way we live. Additionally they are creating more jobs, building value in products, adding to the foreign exchange kitty, improving the standard of living and a lot more. It is evolving so fast...
The micro, small and medium enterprises development (MSMED) Act of 2006 states that an MSME is any micro, small and medium enterprise (MSME), operational in the manufacturing or service sector. A new MSME definition further categorized them based on the value of their individual investment in equipment and the annual turnover of the enterprise. The importance of MSMEs can be gauged from the fact...
The early-stage startup ecosystem in India is flourishing. Fresh reports indicate a steady uptick in the number of incubators and a growing trend of young minds being more inclined towards entrepreneurship. No wonder the startup sector in India is today a vibrant vertical, full of innovative ideas and performance driven parameters, which have surpassed all previous benchmarks and are now playing...
Over the last few years, a bold new breed of entrepreneurs bursting with ideas have emerged on the Indian business landscape. Nimble and confident, they are raring to scale up their global ambitions. This is the startup generation. According to the Economic Survey 2021-22, the Department for Promotion of Industry and Internal Trade (DPIIT) has officially registered over 61,400 startups in India...
When top global investors look at India today, they see a country full of potential. A large population, sizable untapped markets, diverse cultures, spending habits; all this supported by very entrepreneur and enterprise friendly government initiatives, has meant that the Indian economy is attracting big ticket investors like a magnet. The point to be noted here, is that these investments...
Every country’s economy is a composition of diverse businesses. The common classification of industries has been primary, secondary and tertiary and in their own way, each industry contributes to the overall growth of the economy and in turn to the rising standard of living. Over the years however, the startup sector has come into its own and is transforming the business ecosystem like no other...