Comments
After the start-up boom in 2015 that saw maximum start-ups being founded in the last decade, the eco-system has matured with more focus on deep-tech and enterprises, say investors.
“According to me, what we saw in 2015 was an outlier,” said S Gopalakrishnan, co-founder of Infosys and Founder, Axilor Ventures. According to a Tracxn report, a market-research platform that tracks start-ups, the period between 2007 and 2017 saw close to 40,000 start-ups.
Close to 12,187 start-ups were founded in 2015. It dropped by 50 per cent to 7,699 in 2016 and a further 68 per cent to 2,460 in 2017. Between 2011 and 2014 the number of start-ups founded were 1741, 2853, 3737 and 6398, respectively. According to Gopalakrishnan all the promotions leading up to 2015 had resulted in the high. .
Total funding in 2015 was $5 billion, a 125 per cent increase over 2014, says a 2015 Nasscom report.In that year, the number of Private Equity and Venture Capital firms grew 100 per cent. Many HNIs considered start-up investment a viable option. Angel investors grew to 292 in 2015 from 115 in 2014. Global companies such as the Alibaba Group and SoftBank were beginning to invest in huge numbers. The year also saw significant mergers and acquisitions. For instance, Ola acquired TaxiForSure for $200 million. All these instilled confidence in the investor community, the Nasscom report stated.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.