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Economic Survey: 19,400 startups in India but exit valuation still low for investors

Arun Jaitley said startup sector in the country is witnessing 'unusual dynamism', focussed on e-commerce and financial services

Press Trust of India  |  New Delhi 

India may boast of being home to around 19,400 technology-enabled startups, but exit valuation for the investors looking to cash in on the initial funding still remains low, says an official survey. Economic Survey 2015-16, tabled by Finance Minister Arun Jaitley in Parliament today said the startup sector in the country is witnessing "unusual dynamism", focussed on e-commerce and financial services. Read our full coverage on Union Budget 2016 "Indian startups have raised $3.5 billion in funding in the first half of 2015 and the number of active investors in India has ...

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First Published: Fri, February 26 2016. 13:56 IST
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