Status of Start-Up Revolution in India.
                     STATUS OF START-UP 
REVOLUTION IN INDIA
INTRODUCTION
 The Startup India Initiative has completed its five years and 
India is witnessing a golden chapter in the history of Indian 
entrepreneurship. 
Source: baliyans.com
India in the middle of a Start-up revolution
 India now has 38,756 officially recognised start-ups with 27 
unicorns and eight of which achieved this status in 2020.
 The Praxis Global Alliance has stated that the start-ups are 
growing at an average rate of 12–15% annually.
Source: baliyans.com
Investments
 The start-ups have raised $63 billion between 2016–20 in 
funding and the investments in start-ups are growing 
incrementally each year with $16.7 billion till May 2020.
 The new farm acts give greater choice to farmers and 
incentivise start-ups to transform the agriculture value chain in 
storage, finance, transport, aggregation, and marketing.
Source: baliyans.com
The Atal Innovation Mission
 The Atal Innovation Mission has built an ecosystem of 8,800 
tinkering labs, 4,000 mentors and over two-and-a-half million 
students, and acted as a conduit for over 3,500 innovations 
while supporting 1,500 start-ups.
Source: baliyans.com
Student Entrepreneurs
 The National Education Policy, 2020 promotes student 
entrepreneurs by offering vocational education in partnership 
with industries and introducing coding for schoolchildren.
Source: baliyans.com
Opportunities and Growth
 India’s huge diversity in culture, language, ethnicity and 
religion has proved to be a blessing for start-ups if solutions 
are successful in addressing the needs of diverse customers 
pan-India, they can likely find market uptake in other 
geographies such as Africa and Latin America.
Source: baliyans.com
Technological Change
 The technology startups play a crucial role in addressing the 
challenges of India’s resource constraints, and requirement of 
low-cost and high-impact solutions.
 The technological change has reduced the cost of building digital 
products over the last decade and has provided access to 
consumer markets.
Source: baliyans.com
Political Will and Government Support
 The union as well as some state governments increasingly 
recognises startups as important engines for economic growth.
 The ‘Startup India’ is a flagship initiative launched by the Prime 
Minister in 2016 is aimed at building a strong ecosystem that is 
conducive for the growth of startup businesses.
Source: varindia.com
Open Innovation
 The large companies are facing pressure to innovate rapidly 
and their challenge is two-fold:
 Innovate incrementally to grow their existing business while 
understanding ongoing changes in their industry.
 Making provisions for more radical innovations.
Source: baliyans.com
Challenges associated with Start-up revolution
 Building and Scaling an Indian Startup
 Diversity and the Digital Divide
 Taking Products to Market and Low Willingness to Pay
 Hiring Qualified Employees
 Complex Regulatory Environment
Source: silliconindia.com