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    Literature Review

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    Deepak Jindal
    This paper analyzes the startup ecosystem in India and compares it to leading startup ecosystems in the US, Israel, Singapore, and New Zealand. It finds that while India has one of the fastest growing startup ecosystems globally, it still lags in areas like early stage funding, market size, and government support programs. The paper also examines current trends in Indian online startups and factors hampering growth, concluding that while the ecosystem has made progress, more support is still needed for Indian startups to compete globally.

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    Literature Review

    Uploaded by

    Deepak Jindal
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    This paper analyzes the startup ecosystem in India and compares it to leading startup ecosystems in the US, Israel, Singapore, and New Zealand. It finds that while India has one of the fastest growing startup ecosystems globally, it still lags in areas like early stage funding, market size, and government support programs. The paper also examines current trends in Indian online startups and factors hampering growth, concluding that while the ecosystem has made progress, more support is still needed for Indian startups to compete globally.

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    This paper analyzes the startup ecosystem in India and compares it to leading startup ecosystems in the US, Israel, Singapore, and New Zealand. It finds that while India has one of the fastest growing startup ecosystems globally, it still lags in areas like early stage funding, market size, and government support programs. The paper also examines current trends in Indian online startups and factors hampering growth, concluding that while the ecosystem has made progress, more support is still needed for Indian startups to compete globally.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views2 pages

    Literature Review

    Uploaded by

    Deepak Jindal
    This paper analyzes the startup ecosystem in India and compares it to leading startup ecosystems in the US, Israel, Singapore, and New Zealand. It finds that while India has one of the fastest growing startup ecosystems globally, it still lags in areas like early stage funding, market size, and government support programs. The paper also examines current trends in Indian online startups and factors hampering growth, concluding that while the ecosystem has made progress, more support is still needed for Indian startups to compete globally.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    ISSN: 2321-7782 (Online)

    Volume 3, Issue 4, April 2015


    International Journal of Advance Research in
    Computer Science and Management Studies
    Indian Online Start-ups: Can They Stand up Against the
    World
    Keshav Kumar
    Business Management Department, Indian Institute of Management, Udaipur, India
    Submitted by: Deepak Jindal (13107069)

    LITERATURE REVIEW

    Purpose:

    This scholarly paper intent to explore the start-up ecosystem of India and hence compare it
    with leading start-up ecosystems of the world like USA, Israel, Singapore and New Zealand
    in order find gaps in our system. It compared the initiatives taken by respective Government
    to boost up the ecosystem. Also analysis of current online start-up trends in India and role
    of incubators and accelerators. The market segments in which start-ups are investing and
    gaining success have also been focused. Factors that are hampering its progress and the
    future road map of online market in India have been discussed in this paper.

    Introduction:

    In its 2014 Start-up report, NASSCOM unveiled that India is the fastest growing start-up eco-
    system and with approximately 3100 start-ups it is third largest ecosystem globally. On
    average, more than 800 start-ups are setting up annually. NASSCOM projected that there
    would be approximately 11500 start-ups employing 250k people by 2020. At such a pace,
    online platform is a gold mine for start-ups in India.

    Since 2004, Indian start-ups have evolved in terms of visibility, market space and product
    utility. However, start-up ecosystem in India lacks in terms of breakthrough innovation and
    there is a gap in the early stage funding. This is constraining risk taking ability and innovation
    of start-ups. At the same time, the culture of incubators and accelerators has provided some
    relief to the India start-ups.

    Findings:

    India is considered to have one of the harshest environments for the start-ups to
    grow. Although it is the fastest growing economy, it ranks 140th in terms of nominal
    GDP per capita.
    Compared to Silicon Valley, start-ups in Bangalore are 24% more likely to be
    monetized. Bangalore has been ranked 19th in global level. The amount of fund
    raised in Bangalore is 74% less as compared to Silicon Valley. The start-ups in India
    are 67% more likely to face smaller market then compared to start-ups in USA.
    The government plays a major role in boom of start-up culture: examples,
    1. In USA, The Small Business Investment Corporation (SBIC) of USA operates as
    a fund to supply private venture capital for financial growth, expansion and
    modernization of small businesses. It invests 75% of VC fund capital to boost
    start-ups.
    2. Singapore Government provides a tax incentive to angel investors investing in
    Singapore based new ventures.
    The major emerging markets in India are Mobile payment gateways, voice
    recognition, micro-financing, and mobile-ad networks.
    The major factors hindering the growth of Indian start-ups are improper customer
    base planning, small number of angel investors and venture capital funds and
    inability of Indian banking system to lend without collateral.

    Conclusions:

    The analysis shows that online start-ups in India have come a long way since the starting of
    Internet technology in India. However, its ride in the last decade has been bumpy because
    of lack of support from Government, market, and blinded vision of the business aspect. The
    entry of accelerators and incubators has played a crucial role in shaping the path for these
    start-ups. However, it still has a long way to go before it could catch up with its counterparts
    in other countries.

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