2015 was a year of unprecedented growth for Indian start-ups with capital inflow of more than $9Billion over a 1000 deals. Prime Minister of India, Mr. Narendra Modi unveiled his vision about start-ups in India through a glittering event at Delhi and launched Startup India Stand Up India program in January. The event saw attendance from around 2000 startups from all over India as well as high ticket value investors such as Masayoshi Son from SoftBank among others.
A number of factors like better Internet connectivity, capital investment, risk appetite and domestic market size contributed to this scene. India ranks 4th in world in terms of no. of startups with 72% founders <35 years of age. The start-up ecosystem has seen some volatility as well. Certain segments such as Food Tech saw a lot of churn with start-ups shutting down within a year! Nonetheless, every startup ecosystem goes through ups and down and its completely fine to see some market corrections here in India as well.
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