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Bengaluru is one of the three largest cities in the world for launching young technology companies.
Each year, the Nbadcom Industrial Organization publishes a report on the health of the emerging business ecosystem in India. In his report released Thursday in Bengaluru, he said the industry, the third largest ecosystem of start-ups in the world, was doing well.
Investments reached more than $ 4 billion this year, more than double the billion investment last year. More than 1,200 new technology companies have entered the industry – and about 40,000 new jobs have been created.
The highest number of unicorns – companies investing more than $ 1 billion – per calendar year – was observed, along with eight new unicorns.
Nbadcom President Debjani Ghosh told NDTV: "The observed trends are going in the right direction, with a strong ecosystem of 7,200 to 7,700 people. There were 18 unicorns in total, of which only eight last year, and the more interesting it is that the time required for the unicorn has been reduced to five or six years for India, and we are almost catching up on China, where it is four to five years, which tells you that there is a market, the right kind of funds arrive – and of course the right kind of entrepreneurs with the right kind of products. "
2018 is an important year for the ecosystem of Indian start-ups, with the addition of more than 1200 startups and 8 #startups join the club of Unicorns – Insigh Key ts of the report & Indian Start-up Ecosystem – Approaches on the speed of escape & # 39; in # NPC2018 . pic.twitter.com/fd6kB5YuLw
NASSCOM (@nbadcom) October 25, 2018
Purpose The Continued decline in start-up financing of new start-up companies continues to be a source of concern for investors who prefer to invest in proven companies. Nbadcom hopes that the government and the industry will help.
Ms. Ghosh said, "Start-up funding has continued to decline, which is not a surprise given the way the ecosystem is evolving." It's quite normal for investors to turn around. to more mature companies Usually in these scenarios, the government intervenes – with not only funds, but a more structured approach to ensure that the initial stage is sound.We must have enough room for failure. need to create an environment where people can come in, experiment, fail, propose the following idea. "
" The greatest thing the government can do is buy from young people That's what I demand most from a government – more than funding, more than giving them space. "
The percentage of women start-ups has increased slightly, from 11% to 14% – and even if that In the right direction, Ms. Ghosh said it was not much to celebrate. "I'm going to accept that, the movement is going in the right direction, can it go faster, absolutely, and I think that's what we're focusing on." We're also seeing that new women's businesses are no longer limited to areas reserved for women "And I have no idea what that means! People thought that women would end up only in the retail business, in cosmetics or in nonsense. We see absolutely brilliant women in the deepest technologies. "The largest start-up areas, 40% of startups are from small cities like Indore, Jaipur, Pune and Kochi.The computer city of Bengaluru is among the top three cities to the world for launching new businesses in the technology sector
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