Indian Startups

The Ashneer Grover-BharatPe tussle that hogged the limelight since January has brought to the fore the need to fix corporate governance while maintaining moral integrity at the very top in the burgeoning Indian startup ecosystem. The Ashneer Grover-BharatPe tussle that hogged the limelight since January has brought to the fore the need to fix corporate governance while maintaining moral integrity at the very top in the burgeoning Indian startup ecosystem.

As per Orios Ventures Partners report, the Indian startups have raised $42 billion in 2021, up from $11.5 billion in the previous year. The Indian government has also recognized 14,000 new startups in 2021. As on January 2022, India has 83 unicorns with a total valuation of $277 billion.

The Rs 9,000 crore Dwarka Expressway Project is an access controlled expressway with a route alignment connecting Mahipalpur (Shiv Murti) in Delhi with Kherki Dhaula via New Gurgaon (Gurugram) in Haryana. It will feature 20+ flyovers and bridges, 2 rail over-bridges and underpasses, 11 vehicle underpasses, 20 underground pedestrian crossings, and a 2.5m wide cycle and bike path.

Additional Secretary, Ministry of Agriculture & Farmers Welfare, Dr Abhilaksh Likhi assured the Start Ups and Farmer Producer Organisations (FPOs) that they would be considered for providing equity grants, management costs, and other available support measures.Dr Likhi was speaking at the inauguration of 'Food, Agriculture and Livelihood' fortnight at the India Pavilion in EXPO2020 Dubai on Thursday.

According to Jio, the proposed investment is aimed at accelerating Glance's launch in several key international markets outside of Asia such as the US, Brazil, Mexico and Russia. Notably, Glance is aiming to create the world's largest live content and commerce ecosystem on the lock screen and will use the funds raised to expand globally.

The report on the democratisation of India's startup ecosystem showed a total funding of $39 billion, a rise of 255 per cent from $11.8 billion in 2020.Besides, the startup mortality rate came down to 1 per cent in 2021 as India witnessed a remarkable reduction in the number of dead-pooled businesses as against 16 per cent in 2016.

Most of India's startups are in the IT/knowledge-based sector and intellectual property, specifically patents, are key to this knowledge-based economy. India's ranking in Global Innovation Index has climbed 35 ranks which is a "remarkable progress, but the number of patents granted in India is still a fraction compared to patents granted in China, the US, Japan and Korea", according to the Survey, tabled in the Parliament on Monday.

Over 5,000 recognised startups were added in Delhi while 4,514 startups were added in Bengaluru between April 2019 and December 2021, according to the survey document. Maharashtra has the highest number of recognised startups at 11,308. India now has more than 61,400 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT). At least 14,000 recognised startups have been added in 2021-22 fiscal, according to the Survey.

Presented in Parliament by Finance Minister Nirmala Sitharaman, the survey document revealed that the number of new recognised startups increased to over 14,000 in 2021-22 from 733 in 2016-17. "India has become the third largest startup ecosystem in the world after the US and China," read the document. Forty-four Indian startups have achieved unicorn status in 2021 taking the overall tally of unicorns to 83, most of which are in the services sector, it added.

In 2021, total absorption in the office space segment was 6.3 million square feet, it said. Of the total, startups absorbed 1 million square feet. "Gurugram led the leasing activity accounting for 64 per cent share in overall transactions. Flight to quality is driving occupiers' real estate strategy and Noida Expressway, Golf Course Extension Road and DLF Cybercity drove the bulk of leasing activity as they looked for better-quality buildings," it added.