India is the fastest growing and third largest start-up ecosystem in the world after the U.S. and the U.K., according to a Nasscom (National Association of Software and Services Companies) a study.
The study, India Start-up Report 2014, by Nasscom also says India is poised to see a rapid growth in the number of product start-up operational by 2020. At present, there are around 3,100 start-ups in India, and is expected to grow to 11,500 by the end of 2020, says the study.
The Indian start-up ecosystem is rapidly evolving driven by extremely young, diverse and inclusive entrepreneurial landscape. An additional driving force is a four-fold increase in access to capital through VCs, angel investment and seed funding for the Indian entrepreneurs.
Contributed By Sonia Narula