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The maturing startup scenario in India

Indian startup scenario has changed tremendously in a matter of a few years with 1000 startups being added to the list in the year 2018 alone.<br>Read more: http://bit.ly/2Ps4PoF

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The maturing startup scenario in India

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  1. TheMaturingStartup ScenarioinIndia

  2. India is growing, undeniably. So is the startup scenario in India. Over the past few years, a lot of new and encouraging stories have garnered much-deserved attention. The stories of startups in India are everywhere and you don’t even need to go anywhere to find out about them, they are playing right there, in front of our eyes around the day. Be it payment services like Paytm, PhonePe or educational startups like Unacademy, BYJUs or food delivery services like Swiggy or a bit more unconventional ones like mypetrolpump and PolicyBazaar they are everywhere and we come face to face with them for our day to day needs.

  3. Whatisastartup? There is no hard and fast rule as to which company could be referred to as a startup in particular. Any business structure that is a result of an out of the box invention or is powered by a breakthrough idea to solve a problem can be termed a startup. Startups could be working in not just the product domain but also in the services sector. It could be addressing critical pain points in ways more than one. Be it taking an existing idea and adding to it or coming up with an entirely new one, be it involve becoming an aggregator or products or services or exploring and supplying product/ services at a new channel, all fall under the category of startups. BrillatesqueStudio | 2020

  4. Whatarethekeysectors forstartupsinIndia?

  5. The key sectors for startups in India are: Ecommerce: Year on Year growth rate: 22% Popular startups: Flipkart, ShopClues, Snapdeal, etc. HealthTech: Year on Year growth rate: 28% Popular startups: Cult, Netmeds, GetActive, etc. Fintech: Year on Year growth rate: 31% Popular startups: PolicyBazaar, BankBaazar, PhonePe, etc.

  6. EdTech: Potential to reach INR142 billion by 2021 Popular startups: Unacademy, BYJUs, Learning Delight, etc . TravelTech: Potential to reach INR986 billion by 2021 Popular startups: Yatra, GoIbibo, OYO, etc. Logistics: Potential to reach INR15,595 billion by 2020 Popular startups: Delhivery, Blackbuck, etc. Consumer Services: Potential to reach INR1088 billion by 2020 Popular startups: Swiggy, Grofers, Justdial, etc.

  7. Whatisthe StartupScenarioinIndialike?

  8. The startup scenario in India is really India ranks 3rd when it comes to its ‘startup ecosystem’ with the first two spots occupied by the USA and China respectively. What a tremendous shift it has been from the situation only a few years back with over 1000 startups being added to the list in the year 2018 alone. To date, India has managed to have registered more than 20,000 startups with over 5000 falling in the tech-led category.

  9. The major drivers of this exponential growth are: Increasingsmartphone penetration, expectedtoreach 490.9millionby2022 The increasing smartphone and internet penetration is one of the major drivers of this growth. The number of active internet users in India is growing at a rapid scale with a year on year growth of 11%.The speed and magnitude of growth are immense and so has increased consumption of data and information from innumerable sources helping people make informed decisions. Expandingdomesticmarket The major challenge startups used to face was the resistance shown by people in trying out or consuming their products/services, especially because of the lack of information. The situation today stands changed and with an informed consumer at the other end that can be reached out through various channels.

  10. IncreasingtalentpoolduetoIT boomintheearly2000s India is buzzing with a huge talent base. The startup ecosystem in India could not be imagined without the necessary human resource to help build it. With the youth largely opting to pursue the field of IT, the human resource is only increasing hence strengthening the supply side. Availabilityofgoodfunding, creditstoincubators, angel investorsbanks, mentors, etc Credits to the growing startup scenario in India a good number of funders, investors

  11. Promisingproentrepreneurship policies overnment’s pro startup and pro entrepreneurship policies like ‘Startup India’, ‘Make in India’, ‘Digital India’, etc. are giving the necessary encouragement to business owners. Establishmentofstartup conduciveenvironment The sector was dominated by B2B ventures previously but now the rise in the number of B2C ones is evident. In that case, it is not surprising that about 35 billion USD has come into the country for investment in the past 4 years.

  12. TheHighestFundedStartupsinIndia

  13. ThestartupscenarioinIndia looksoptimisticbecauseof3 majorreasons:

  14. 1-Rising confidence of investors resulting in more cash inflow for startups in India. 2-Promising schemes being run by the government to encourage the startup wave in India. 3-Improving technological advancements.

  15. Someinterestingfactsabout thestartupecosysteminIndia:

  16. There’s a 7% year on year growth in the number of tech startups in India. With 105K people already employed by startups, a growth of 5% year on year is being observed. There are 18% SaaS-based software startups in the country. Till mid-2018 India had managed to drive in $35.3 billion worth of investment.

  17. TheTenCommandmentsfor understandingStart-ups

  18. FinalThoughts: As is evident the startup scenario in India has improved drastically over the years and major credit goes to the digital revolution and the ever-increasing consumerism. To top it the government is extending massive support and it is complemented by the interest of investors. That’s how the startup wave in India is catching speed and becoming mainstream. The growth is likely to increase leaps and bounds in the coming years and you as an entrepreneur shall not wait anymore to jump in.

  19. CedCommerceCanHelp CedCommerce offers the necessary technical online store solutions specifically made for building online marketplaces. As the startup scenario in India is improving you might as well begin your entrepreneurial journey. CedCommerce ’s marketplace packages and add-ons are ready made and reasonably priced solutions for building a multi- vendor eCommerce website. A marketplace armed with these solutions is undoubtedly going to possess the best in class features. For building your own multi-vendor marketplace platform and to see what our satisfied customers have to say about us.

  20. ContactDetails EMAILADDRESS support@cedcommerce.com PHONENUMBER (+91) -7234976892 MAILINGADDRESS CedCommerceInc, 1812NColumbiaBlvd, SuiteC15-653026, Portland, Oregon, 97217

  21. LET'SCONNECT VisitUsAt: cedcommerce.com

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