India 75 Startups – Around August 15 of each year, anecdotes about the struggle for independence returns to the general consciousness. But the real work of independence actually began after August 15, 1947.
The early years in newly independent India would have been full of optimism and hope, although there was a tacit acceptance among the population that things would not be easy. And for the past 75 years, India has worked hard to live up to its geographic size and historical importance on the world stage.
Read Also : Digital India gave new legs to the internet ecosystem
India 75 Startups
Today, many of us are filled with similar optimism about India future on the global stage, much of which would depend on the role of Indian technology. But at the same time we can recognize that the road ahead will be full of obstacles.
So here a bold comparison If the dawn of the Internet age at the end of the 20th century was another moment of independence for India, then the last 25 years have been about developing maturity. The transition from an early stage ecosystem to the current growth phase began in 2021 as Indian startups raised record funding and soared up global rankings.
On the occasion of this momentous year and to coincide with the 75th Independence Day, highlighting how far Indian startups have come in the last seven years, since the announcement of Standup India, Startup India on Independence Day in 2015.
On that day, Prime Minister Narendra Modi stated: “We are looking at systems to enable new businesses. We must be Number 1 in startups. Start India and Stand Up India!” and launched the Startup India journey, which has grown exponentially.
The age of startups becomes the age of technology
In 2019, we said that India was in the era of startups after IT giants like Infosys, TCS, Wipro and others laid the groundwork. Three years is not a long time from the point of view of the maturation of the entire market, but the impact of the pandemic on traditional businesses and the boom in financing in 2020 and 2021 has definitely accelerated the development.
The maturity of the Indian market is evident from our data, which highlights the growth of startup, its maturity in terms of IPOs and exits, the growing participation of domestic and foreign investors, the increased focus on the unit economy amid the current slowdown.
The crack in the history of Indian startup
So the macro view is great for India, but it is only when we look at the growth, development and micro trends of the sector that cracks start to appear in the startup story. While it can be stated that for the last eight years the Indian government has made it easy to register new businesses, on the other hand the constant change in policy and lack of clarity even when the policy is present has made it difficult the life of new companies. , large technology companies and international giants.
Intense regulatory scrutiny on fintech sub segments such as digital loans, prepaid payment instruments, and buy now pay later BNPL have created complications for new startups.