New Delhi, December 25 (IANS). The government on Wednesday said that the number of startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) in the country has increased to 1,57,066.
According to the Ministry of Commerce and Industry, there are now over 73,000 startups in the country with at least one woman director that have been recognized under the ‘Startup India Initiative’, almost half of the 1,57,066 startups supported by the government. Is.
India has emerged as one of the most vibrant startup ecosystems globally over the past few years and has earned its place as the third largest startup hub. The Indian startup ecosystem with over 100 unicorns is reshaping the future of innovation and entrepreneurship.
The ministry said that there has been a paradigm shift in the entrepreneurial spirit in India in the last decade. Cities like Bengaluru, Hyderabad, Mumbai and Delhi-NCR have become hubs of innovation.
A total of 13 startups companies launched IPOs in 2024. This number was much higher than in previous years. Whereas, this figure was 10 in 2021, 6 in 2022 and 6 in 2023.
All these 13 startup companies together have raised Rs 29,247.4 crore from the stock market. Of this, Rs 14,672.9 crore was fresh issue, while Rs 14,574.5 crore was offer for sale (OFS).
The widespread availability of affordable internet, as well as a young and dynamic workforce, has fueled the growth of startups in diverse sectors including fintech, edtech, health-tech and e-commerce.
According to the ‘Indian Startup Ecosystem Report’ presented by Startup India, India’s startups have leveraged emerging technologies like Artificial Intelligence (AI), Blockchain and IoT to solve local and global problems.
The ‘Startup India Programme’ launched by the Central Government in 2016 has been the cornerstone of this effort.
Additionally, initiatives like Atal Innovation Mission (AIM) and National Initiative for Developing and Harnessing Innovation (NIDHI) provide infrastructure and financial support to innovators.
–IANS
ABS/ABM
