Date : Tuesday, August 18, 2015  
The Newsletter
Indiacom Newsletter


India expected to boom in startups

By 2020, India is estimated to have nearly 11,500 startups -an over three-fold increase from 3,500 startups today. According to data by research firm Traxcn - Nearly 17,000 crore has been invested in Indian startups between January and May, up from about 29,600 crore in all of 2014. About 95% of these deals were closed by overseas funds. Despite the rhetoric by Prime Minister Narendra Modi on encouraging startups, industry members rue the paucity of policy initiatives.

Read story on Times of India

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