Strong Indian tech startup ecosystem, ripe for scale-ups: Nasscom report

A report by top IT industry body Nasscom points to a strong Indian tech startup ecosystem that's readt for scale-ups. Some of the key findings of the report are:

• The nearly 12,000 strong technology startup ecosystem in India defied all odds during the pandemic and has over 75 unicorns.

• More than $100 billion has been received in cumulative funding from 2010 till date

• This indicates rising global investors' confidence and trust in Indian startups.

• The maturity and diversity of the startup landscape is a driver for scaleup growth in India

Analysis of about 100 shortlisted "scale-up" stories in startups indicate a story of growth and focus over the past decade:

• Considerable acceleration in number of scale-ups with revenues  of over $15 Mn in the last 10 years

•  Bengaluru, Delhi-NCR and Mumbai leading hubs for scale-ups

• Fintech, retail tech and B2C segments : Key focus areas for scale-ups

• Nearly 5x industry average revenue growth of scale-ups from 2016-19

• About 5 years average time to scale for start-ups across all sectors

Indian start-up ecosystem expected to add additional 250+ scale-ups by 2025

• New scale-ups in emerging areas like D2C, edtech, Logistics, Automotive

• Mature sectors-fintech, healthtech, enterprisetech, retail tech will continue to add more scale-ups

• Time to scale expected at  around 5 years, however faster funding and larger ticket size rounds will accelerate future growth and valuations