India Rising — An Overview of India’s Burgeoning Startup Ecosystem

Executive Summary

This is the first report in our series on the Indian startup ecosystem.

• By the end of 2015, India had over 4,000 tech startups and ranked third after the US and the UK.
• Nearly 76% of India’s business-to-consumer (B2C) tech startups were concentrated in the e-commerce and online aggregators sector in 2015.
• A large proportion of startups, incubators and accelerators are situated in Bangalore, India’s main startup hub.
• The Indian government has launched campaigns such as “Startup India” and “Make in India” to encourage entrepreneurship and investment in the country.
• Business would likely benefit from clearer and more realistic government initiatives, objectives and policies for new businesses and entrepreneurs. Moreover, improving basic infrastructure in the country would contribute to growth in commerce.