With highest startup growth rate globally, India ranked fourth with startups over $50 million funding

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Published September 26, 2023 at 4:00pm

Update September 26, 2023 at 4:01pm

    According to Scaleup Report by Startup Genome, 12,400 startups surveyed

    India boasts 429 startups, attracting a noteworthy VC investment of $127 billion

    Startup Genome conducted this survey across 80 cities in over 40 countries

India has secured the fourth position globally in terms of the number of startups that have attracted funding exceeding $50 million, as revealed by the inaugural Scaleup Report by Startup Genome.

In a comprehensive survey spanning 12,400 startups, India’s ranking places it just below the United States (7,184 startups), China (1,491 startups), and the United Kingdom (623 startups).

However, India surpasses the UK in both the total amount of venture capital (VC) investment these startups have garnered and the cumulative value of tech investments.

According to the report, India boasts 429 startups, attracting a noteworthy VC investment of $127 billion, alongside a remarkable cumulative tech investment value of $446 billion.

Startup Genome, a research and advisory firm specializing in innovation policy, conducted this survey across 80 cities in over 40 countries, evaluating more than 60 diverse metrics.

The report also highlights India’s distinction in having startups that draw over 50 percent of their customer base from outside their own continent, thus exhibiting an impressive global reach. Furthermore, India holds the highest rate of startup growth among the surveyed nations.

In terms of founding timelines, startups established between 2006 and 2016 constitute more than half of the global startup ecosystem, with the 2013–2016 cohort being the largest, encompassing 3,700 startups. The report also notes that approximately 33 percent of all startups are the brainchild of serial founders.

On the industry front, BioPharma stands out as the leading sector with the highest number of startups worldwide, boasting over 1,800 startups, closely followed by Fintech with 1,700 startups on a global scale.

With highest startup growth rate globally, India ranked fourth with startups over $50 million funding

https://newsfirstprime.com/wp-content/uploads/2023/09/Startup-India-New.jpg

    According to Scaleup Report by Startup Genome, 12,400 startups surveyed

    India boasts 429 startups, attracting a noteworthy VC investment of $127 billion

    Startup Genome conducted this survey across 80 cities in over 40 countries

India has secured the fourth position globally in terms of the number of startups that have attracted funding exceeding $50 million, as revealed by the inaugural Scaleup Report by Startup Genome.

In a comprehensive survey spanning 12,400 startups, India’s ranking places it just below the United States (7,184 startups), China (1,491 startups), and the United Kingdom (623 startups).

However, India surpasses the UK in both the total amount of venture capital (VC) investment these startups have garnered and the cumulative value of tech investments.

According to the report, India boasts 429 startups, attracting a noteworthy VC investment of $127 billion, alongside a remarkable cumulative tech investment value of $446 billion.

Startup Genome, a research and advisory firm specializing in innovation policy, conducted this survey across 80 cities in over 40 countries, evaluating more than 60 diverse metrics.

The report also highlights India’s distinction in having startups that draw over 50 percent of their customer base from outside their own continent, thus exhibiting an impressive global reach. Furthermore, India holds the highest rate of startup growth among the surveyed nations.

In terms of founding timelines, startups established between 2006 and 2016 constitute more than half of the global startup ecosystem, with the 2013–2016 cohort being the largest, encompassing 3,700 startups. The report also notes that approximately 33 percent of all startups are the brainchild of serial founders.

On the industry front, BioPharma stands out as the leading sector with the highest number of startups worldwide, boasting over 1,800 startups, closely followed by Fintech with 1,700 startups on a global scale.

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