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The number of newly founded startups has increased from 733 in 2016–17 to over 14000 in 2021–22, making India the third largest startup ecosystem in the world after the US and China. [3] Among them, around 6600 startups have been in the FinTech industry, evaluating a market value of US$31 billion in 2021. [4]
T-Hub (Technology Hub) is an innovation intermediary and business incubator based in Raidurg, Hyderabad, Telangana, India. [1] Based on the triple helix model of innovation, it is a partnership between the Government of Telangana, three academic institutes in Hyderabad (the International Institute of Information Technology, the Indian School of Business and the National Academy of Legal ...
Startup ecosystems generally encompass the network of interactions between people, organizations, and their environment. Any particular start-up ecosystem [9] is defined by its collection of specific cities or online communities. In addition, resources like skills, time, and money are also essential components of a start-up ecosystem.
In order to support and nurture the startup ecosystem in India, with a particular focus on Gujarat, India Accelerator, the country's only accelerator partnered with GAN, has teamed up with the state of Gujarat's dynamic incubation facility, i-Hub. [3] The construction project was given a two-year deadline and got underway in 2020.
In India during 2017 and 2018 indicates a marked increase. [32] While in 2017, the space leased was 1.9 million sq. ft., it increased more than two times to 3.9 million sq. ft. in 2018. India has the third-largest startup ecosystem after China and the US with more than 5,200 startups.
In 2009, CIIE.CO launched iAccelerator, which was the first accelerator program in India for startups offering mentorships, market connections and access to capital. [ 14 ] [ 15 ] iAccelerator program provides three-month residential mentorship and guidance to the batch of selected startups.
The Asian startup ecosystem is the fastest-growing in the world. $42 billion were invested by venture capital firms and the main entrepreneurship hubs in India and China had 10% growth in startups and 50% growth in venture capital activity respectively. [16] [17] The US is investing dozens of billions into Asian startups and vice versa. Given ...
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]