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Indian Startup Ecosystem: An Overview History of Indian Startup Ecosystem Funds, Funders, and Funding: An Overview The Unicorns & The Soonicorns��0UÅ\LU[PHSZ!�0UKPHU�:[HY[\W�,JVZ`Z[LT�0UÅ\LUJLYZ�42Next: India’s Most Innovative Startups;OL�9VHKISVJRZ2020: The Road Ahead

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Executive Summary

Introduction ! "#! "$%!&%'#("

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Another CNCR region worth mention is Gautam Buddha Nagar, popularly known as Noida, a city in the state of Uttar Pradesh, adjoining south Delhi. Noida, another hitech city in the CNCR, houses the headquarters HUK�IYHUJO�VɉJLZ�VM�H�SHYNL�U\TILY�VM�JVTWHUPLZ�PUJS\KPUN�[OL�SPRLZ�of IBM, HCL, Wipro, Dell, Ericsson, and the NTPC.

One of the best realty destinations in India, Noida is also a media and LU[LY[HPUTLU[� O\I�^P[O� KVaLUZ� VM�TLKPH� JVTWHUPLZ�� PUJS\KPUN� UL^Z�channels WION, Zee News, NDTV, TV Today group, Network 18, and newspaper companies such as Amar Ujala, Dainik Bhaskar, and The Times of India operate from Noida.

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The city, thus, provides a good ecosystem for startups and is home to decacorn and unicorn Paytm and Paytm mall.

Situated in the remains of the Aravali Hills, Gurugram happens to have one of the best smart city infrastructures in India, something that has propelled it into becoming a unicorn hub.

Initially a base for BPOs in the post-IT/ITeS revolution in India, startup fever caught on in the city in early 2000 when Gurugram became a preferred base for new and upcoming online travel aggregators (OTAs). ;OH[�`LHY��4HRL4`;YPW��^OPJO�^HZ�MV\UKLK�HZ�HU�6;(��ZL[�\W�P[Z�VɉJL�in Gurugram, followed by OTAs such as Cleartrip (2006) and Ibibo group (2007).

The year 2008 saw the founding of foodtech startup Zomato, which went on to change how people pick restaurants and order home delivery. The city later witnessed the startup stories of India’s newly emerged unicorns ·�7VSPJ`IHaHHY� ���� ���:OVW*S\LZ��������+LSOP]LY`� ��������HUK�9P]PNV�(2013).

Soon, Gurugram’s Golf Course Road and Sector 44 became a favourite centre for startups. While Sector 44 is home to startups such as ShopClues, Cashkaro, and Rivigo, Golf Course Road was picked by WeWork, Ixigo, ReNew Power Ventures, and MakeMyTrip.

4HU`� SHYNL� JVTWHUPLZ� Z\JO� HZ� 4HY\[P� :\a\RP�� .VVNSL�� :HTZ\UN�India, Micromax, and Chevrolet India, are also based out of Gurugram, providing much needed corporate support to startups.

The once-agricultural land (before the 1970s) of Gurugram, with its famous DLF Cyber City, great digital infrastructure, and metro network, is now a Millenium City in many aspects.

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Some facts about the Foundation for Innovation and Technology Transfer, IIT-Delhi

The Delhi Startup Policy

The budgetary allocation for the Incubation

Policy in 2017-2018 was earmarked at INR 40

Cr with an aim to:

The NCT Delhi government has not yet released any fully startup-centric policy. However, in 2016, it approved the State Incubation Policy.

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(JJVYKPUN� [V� [OL� KYHM[� +LSOP� )\KNL[�� K\YPUN� ��������� Ä]L� UL^�institutions were selected for establishment of incubation centres. A total of 11 incubation centres have been set up at technical and higher education institutions/colleges.sample

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ORRNLQJ�WKURXJK�WKH�IXQGLQJ�OHQVDelhi and the National Capital Region, including Gurugram, 5VPKH�� HUK� .OHaPHIHK�� OHZ� VIZLY]LK� H� [V[HS� VM� ���� )U�funding through 1119 deals in the period 2014 to September 2018. Funding has consistently fallen from Q1 2016 to Q4 2017 with an exception of Q2 2017 due to $1.4 Bn funding of Paytm. However, the trend has taken a positive turn in 2018 and have shown consistent growth throughout the year. 180%(5 �2) � '($/6

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Amrita TBI, Amrita VishwaVidhyapeetham 2008 Kollam

Big data and analytics, cloud, consumer web, blockchain, AI, aardware, semi-conductors, mobile, cyber security

Funding, coworking locations, VC network, discounted services, internship pool, GST exemption, mentorship

Miqasa, Nextsky, Acceleron Labs, Hug Innovations, Studyowl Technologies

DLabs, Indian School of Business (ISB) 2014 Hyderabad Sector agnostic

Coworking, mentorship, investor connects, access to workshops !"

IIT Hyderabad, Technology Business Incubator 2008 Hyderabad

Medtech, tech4social, visual informatics, data engineering, machine learning, language technologies, gaming, robotics

Mentoring, infrastructure, management services, seed support, angel support

Lemon Flip Solutions, PuREnergy, WiSig Networks, OSure Care

Amity Innovation Incubator 2008 Noida Sector agnostic

Business planning, company formation, legal & IPR assistance, managerial support, technology support, funding support

ApnaCircle.com, Anduril Technologies, GVC Microsystems, ITCons e solutions, Circuitsutra Technologies, RITSAN Media ventures, Biziga Solutions, Heuristics

Centre for Innovation Incubation and Entrepreneurship (CIIE) 2007 Ahmedabad, Pune Sector agnostic

Technology support, business support, funding support, mentorship

Ridlr, Banyan Nation, Zuvvu, Mobident, MedCall, InSolare, Agricx

Dream Incubator 2000 MumbaiTechnology, media, telecommunications, industrial goods, healthcare

Funding support, growth strategy implementation support, management base development support

Instamojo, Myra, HealthifyMe, 99 Games, Active.ai

Bhamashah Techno Hub 2018 Jaipur Sector agnostic

Infrastructure, technology, angel funding, access to venture capitalists, mentorship, exposure to national and international organisations & experts, coworking !"

ZDream Labs 2017 GurugramContent & media, education, logistics & warehousing

Mentorship, training, access to capital, direct investment !"

Indian Angel Network (IAN) Incubator 2010 New Delhi

IT/ITES, telecom, mobile VAS, gaming & animation, internet/Web, media & entertainment, education technology, Healthcare technology, manufacturing products, alternative energy, cleantech, cloud computing, retail technology

Business planning, seed funding, team building, providing strategic & operational guidance, marketing and promotion, advisories on IP & investment !"

Kerala Startup Mission 2006 Thiruvananthapuram Sector agnostic

Access to the sector experts & business mentors, Tailor made workshops, Industry & investor networks of KSUM circles, access to state & central govt. schemes, grants

Codesap Technologies, Axen Software, Eatabhi, Kappian

Society for Innovation and Entrepreneurship (SINE) IIT Bombay 2004 Mumbai Sector agnostic

Infrastructure support, virtual incubation, access to business networks, organises events and workshops, pre-incubation

IdeaForge, Mysuz, Voyager Infotech, Eisodus Networks, Collcraft Technology

IIM-Udaipur Incubation Center 2016 Udaipur

Distribution, logistics, financial inclusion, hyperlocal food delivery, agritech, cleantech, renewable energy Mentoring, networking, investor connect !"

Sardar Patel Technology Business Incubation Center(SP-TBI) 2015 Mumbai Technology

office spaces, advanced tech hub, seed funding, Access to talent, training, mentorship

BitGenie, eBZaar, Mobigic, PODS Ventures, TroPlay

Indigram Labs 2016 New DelhiAgribusiness, technology, education, healthcare

Commectivity, networking, funding support, access to resources, functional competencies

New Leaf Dynamic Technologies , Intello Labs Pvt Ltd., Sainhun Ventures, INCEVE Electronics

PlugIn 2016 Mumbai, Bengaluru Hardware, systems

Financial support, infrastructure & technical support, Mentoring, Product development and manufacturing

Linkeddots Engineering Solutions, Bharati Robotic Systems (India), Epocare Pvt. Ltd., Ayata Intelligence, Redcherry Analytics

AutoNebula 2016

1

2

3

4

5

6

7

8

9

10

11

12

13

14

13

14 PuneConnected transport, LIDAR, RADAR, cybersecurity, AI, IoT, autonomous vehicles

Seed funding, workshops conducted by global experts, mentorship, networking

Trackyo, Streak Helmet, Wiper, Raksha Safedrive, NEARPARK

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sample

94

venture capital & private equity funds

TO TA L N U M B E R O F V C A N D P E F U N D S I N I N D I A

L A U N C H E D I N 2 0 1 7

L A U N C H E D I N 2 0 1 8

I N T E R N AT I O N A L F U N D S O P E R AT I O N A L I N I N D I A

1 9 5

2 5

3

2 3 5

N U M B E R O F E A R LY- S TA G E F U N D S

N U M B E R O F G R O W T H - S TA G E F U N D S

N U M B E R O F L AT E - S TA G E F U N D S

S TA G E - A G O N I S T I C F U N D S

1 3 6

2 5

2

7 6

sample

01

sample