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    Entrepreneurship Wave in India - NEW

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    harshil saluja
    India has seen a significant increase in entrepreneurial activity and startups in recent decades. According to a 2021 report, India now has over 5,694 active investors and 38,000 startups. The government has launched initiatives like Startup India to promote growth. Rapid digital transformation during the COVID-19 pandemic has led to unprecedented growth and consolidation of India's position as one of the fastest growing emerging tech markets. In 2021 alone, India nearly matched a decade's worth of unicorns and had 15 debutant IPOs that more than doubled from their issue price. Healthtech also saw rapid adoption in 2021 with increased telehealth usage and funding for healthtech startups rising 6 times compared to 2020.

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    Entrepreneurship Wave in India - NEW

    Uploaded by

    harshil saluja
    26 views2 pages
    India has seen a significant increase in entrepreneurial activity and startups in recent decades. According to a 2021 report, India now has over 5,694 active investors and 38,000 startups. The government has launched initiatives like Startup India to promote growth. Rapid digital transformation during the COVID-19 pandemic has led to unprecedented growth and consolidation of India's position as one of the fastest growing emerging tech markets. In 2021 alone, India nearly matched a decade's worth of unicorns and had 15 debutant IPOs that more than doubled from their issue price. Healthtech also saw rapid adoption in 2021 with increased telehealth usage and funding for healthtech startups rising 6 times compared to 2020.

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    India has seen a significant increase in entrepreneurial activity and startups in recent decades. According to a 2021 report, India now has over 5,694 active investors and 38,000 startups. The government has launched initiatives like Startup India to promote growth. Rapid digital transformation during the COVID-19 pandemic has led to unprecedented growth and consolidation of India's position as one of the fastest growing emerging tech markets. In 2021 alone, India nearly matched a decade's worth of unicorns and had 15 debutant IPOs that more than doubled from their issue price. Healthtech also saw rapid adoption in 2021 with increased telehealth usage and funding for healthtech startups rising 6 times compared to 2020.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    26 views2 pages

    Entrepreneurship Wave in India - NEW

    Uploaded by

    harshil saluja
    India has seen a significant increase in entrepreneurial activity and startups in recent decades. According to a 2021 report, India now has over 5,694 active investors and 38,000 startups. The government has launched initiatives like Startup India to promote growth. Rapid digital transformation during the COVID-19 pandemic has led to unprecedented growth and consolidation of India's position as one of the fastest growing emerging tech markets. In 2021 alone, India nearly matched a decade's worth of unicorns and had 15 debutant IPOs that more than doubled from their issue price. Healthtech also saw rapid adoption in 2021 with increased telehealth usage and funding for healthtech startups rising 6 times compared to 2020.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Entrepreneurship wave in India

    “The best way to predict the future is to create it.” with this thought, I harshil saluja is here
    today to present my thoughts on "Entrepreneurship wave In India".

    An entrepreneur is an individual who creates a new business, bearing most of the risks and
    enjoying most of the rewards through which Entrepreneurship is the creation or extraction of
    value.
    Gone are those days when India had the world’s lowest entrepreneurial activity, with just 5%
    of Indians owning a business. Today the scenario is entirely different. According to The State of
    Indian Startup Ecosystem Report 2021, India has over 5,694 active investors and 38K startups.
    Hence, the trend of entrepreneurship and startup boom is increasing. The startup ecosystem
    in India is changing, and SME’s or Small and Medium Enterprises are privileged today
    compared to what it was a decade back. The government has taken various initiatives to
    establish a favorable Indian Start-up ecosystem, and they have launched a new portal, Start-up
    India, to promote the growth of Indian Start-ups. With the latest technology, customer-
    friendly approach, new taxation policy, and relaxation in GST, ease of business registration, the
    startups in India have become a significant player in the Indian economy.
    India’s startup economy has been booming. The last decade has seen significant activity on
    multiple fronts including the founding of new startups, amount of funding and number of
    investment rounds, influx of global investors and startups, development of regulatory
    infrastructure, global mergers and acquisitions, and internationalization. Entrepreneurial
    success stories abound. At last count, India had 26 unicorns, with eight new entrants joining
    the club in 2018 alone.
    India’s current entrepreneurial ecosystem is a result of three waves of entrepreneurial activity
    with distinct focus areas – Information Technology (IT), consumerism and innovation
    The year 2021 has seen India make a mark for itself in the global entrepreneurial ecosystem.
    While the entire country saw a challenging time during the second wave of COVID-19 in May
    2021, Indian entrepreneurs continued building for the country. Rapid digital transformation
    and adoption of tech during the lockdown led to unprecedented growth. From being one of
    the emerging markets to consolidating its position as one of the fastest growing markets for
    emerging tech companies, this year has set the tone for what the next decade would look like
    for India. 2021 gave us nearly a decade’s worth of unicorns in one year alone and 15 debutant
    IPOs with the likes of Zomato and Nazara Technologies that more than doubled from their
    issue price.
    Another segment that has seen rapid adoption in 2021 is healthtech. While the pandemic shut
    billions in their homes, it also created health-related anxieties. People have started viewing
    healthcare as an integrated part of their lifestyle with an increasing focus on physical and
    mental wellness, as opposed to only curing the symptoms and illnesses at hand. This coupled
    with the lack of access to hospitals during the lockdown led to increased usage of
    teleconsultations, online pharmacies, and labs. Healthtech startups received a total funding of
    ~$2bn in 2021, 6x that of 2020.

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