2015 may be the best ever year for Indian startups, according to a NASSCOM-Zinnov report on the state of start-ups in India. Here's why:
#India ranks 3rd globally with more than 4,200 startups now. The number of investors backing startups has grown 130% from last year on the back of a strong consumer base, the popularity of mobile phones, an active interest by the political class as well as global investors. The top startup verticals for 2015 were the Internet of Things, analytics and health technology.
#Startups are set to net nearly $5 billion in funding in 2015 alone vs the cumulative funding of $3.2 billion over the 2010-14 period. 150% more startups expected to be funded this year over the 179 last year.
#The total number of active investors have more than doubled from 215 in 2014 to 494 in 2015, with Tiger Global, Sequoia Capital, Softbank, Warburg Pincus, and Alibaba leading the way and participating in deals worth more than $500mn
#Investors also have better access to more exit opportunities with more than 65 mergers and acquisitions in 2015, worth $750Mn.
#Number of incubators/ accelerators grew by 40% from 80 in 2014 to 110 in 2015.
#Nearly 55% of the incubators/accelerators are established outside Delhi's National Capital Region (NCR), Bangalore and Mumbai. They are thus providing an opportunity to entrepreneurs from non-metro cities to join in.
#57% of the founders fall in the 26-35 years age bracket. The average age of a startup founder is 28.
#Share of women founders has increased from 6% in 2014 to ~9% in 2015.
#40% of the startup founders hold an engineering degree.
# Driven by the high share of Business-to-Consumer focused startups, NCR witnesses the maximum amount of funding: ~$2.3 billion.
#Hyderabad, Chennai, Pune, Jaipur and Ahmedabad are the major up and coming startup destinations.