. The state-owned e-commerce platform Open Community for Digital Commerce (ONDC) clocked greater than 63 lakh transactions until November 2023, the doc learn. Regardless of going through world challenges in 2023 like valuation points, few IPOs, regulatory adjustments and macroeconomic and geopolitical developments, India stays the third largest tech start-up ecosystem globally, with over 950 tech startups based final yr. The cumulative funding for greater than 31, 000 tech begin ups has exceeded $70 billion (from 2019 to 2023), in line with a latest report by Nasscom in collaboration with Zinnov. “In 2023, regardless of going through world financial and regulatory challenges, Indian tech startups have prioritised the crucial of enhancing their enterprise fundamentals, driving profitability and development, ” mentioned Debjani Ghosh, President, Nasscom. “The proliferation of tech startups in tier 2 and three cities marks the ecosystem's resilience, ” she added. Navigating 2024, tech startup founders count on to proceed the income development path with measured steps specializing in optimising expenditure and maximising profitability for B2B tech startups. Investments in deeptech will proceed an upward development in 2024. With generative AI (GenAI) acceleration, 70 per cent of start-up founders are embedding synthetic intelligence (AI) of their options. As funding turns into scarce for the Indian startup ecosystem on the whole, the explosion of Synthetic Intelligence (AI) has given a brand new lease of life to entrepreneurs and founders within the nation, because the Centre extends assist to the sector. [ad_2]){kind=link}
NEW DELHI: Greater than 1.14 lakh startups in India have created over 12 lakh jobs thus far, the Finance Ministry mentioned in its newest evaluation of the Indian financial system.
Within the report titled, ‘The Indian Economic system: A Overview January 2024’, the Division of Financial Affairs mentioned that the 1.14 lakh startups recognised by the federal government underneath the ‘Startup India initiative’ created greater than 12 lakh jobs (as of October 2023).
The state-owned e-commerce platform Open Community for Digital Commerce (ONDC) clocked greater than 63 lakh transactions until November 2023, the doc learn.
Regardless of going through world challenges in 2023 like valuation points, few IPOs, regulatory adjustments and macroeconomic and geopolitical developments, India stays the third largest tech start-up ecosystem globally, with over 950 tech startups based final yr.
The cumulative funding for greater than 31, 000 tech begin ups has exceeded $70 billion (from 2019 to 2023), in line with a latest report by Nasscom in collaboration with Zinnov.
“In 2023, regardless of going through world financial and regulatory challenges, Indian tech startups have prioritised the crucial of enhancing their enterprise fundamentals, driving profitability and development, ” mentioned Debjani Ghosh, President, Nasscom.
“The proliferation of tech startups in tier 2 and three cities marks the ecosystem’s resilience, ” she added.
Navigating 2024, tech startup founders count on to proceed the income development path with measured steps specializing in optimising expenditure and maximising profitability for B2B tech startups.
Investments in deeptech will proceed an upward development in 2024. With generative AI (GenAI) acceleration, 70 per cent of start-up founders are embedding synthetic intelligence (AI) of their options.
As funding turns into scarce for the Indian startup ecosystem on the whole, the explosion of Synthetic Intelligence (AI) has given a brand new lease of life to entrepreneurs and founders within the nation, because the Centre extends assist to the sector.