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The government on Wednesday released data till December 25, saying at least 1,57,066 startups in India have been recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) and 7,59,303 users have registered on the online portal so far. Have done. , Startups in India have leveraged emerging technologies like artificial intelligence (AI), blockchain and IoT to solve local and global problems, according to Startup India’s Indian Startup Ecosystem Report.
Out of more than 1.5 lakh startups, 73000 have women directors.
According to the Ministry of Commerce and Industry, there are now more than 73,000 startups in the country that have at least one woman director. Those recognized under the Startup India initiative represent almost half of the 1,57,066 startups supported by the government. Which displays women empowerment and courage. The country has emerged as one of the most vibrant startup ecosystems globally and has established itself as the third largest startup hub. With over 100 unicorns, the Indian startup landscape is shaping the future of innovation and entrepreneurship.
13 new generation companies launched IPO
There has been a massive change in the entrepreneurial spirit in India in the last decade. Cities like Bengaluru, Hyderabad, Mumbai and Delhi-NCR have become hubs of innovation. Thirteen new-age companies launched their initial public offerings (IPOs) this year as startups raised a total of Rs. Rs 29,200 crore was raised. Out of this, the new case is worth around Rs 10 lakh. Rs 14,672 crore. There was an offer for sale (OFS) of Rs 14,574 crore. Of the 13 startup IPOs, 10 were mainstream and 3 were SME IPOs.
Accelerating the growth of startups in different sectors using various schemes
The cheap and widespread availability of internet along with a young and dynamic workforce has fueled the growth of startups in various sectors including fintech, edtech, health-tech and e-commerce. The flagship Startup India program launched in 2016 is a cornerstone in this effort. Initiatives like Atal Innovation Mission (AIM) and National Initiative for Developing and Harnessing Innovation (NIDHI) provide infrastructure and financial support to innovators. Additionally, MeitY’s Startup Accelerator for Product Innovation, Development and Growth (SAMRIDH) scheme aims to invest Rs. Rs 99 crore to support 300 software product startups with an outlay of Rs. Provides funds up to Rs 40 lakh.