Growing trend of startups in India

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Even though your parents or friends might tell you to be safe and get a ‘real job’, don’t allow others to dissuade you from launching a startup if YOU believe that it will work.

Perhaps the first question that may get raised when you tell your friends and family that you are interested in a startup is, ‘Do you know enough?’ And the answer may be that you don’t. It’s impossible to know about anything thoroughly until you try it yourself and improvise as you go along.

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Then, there’s the question of whether or not you’d be taken seriously because of your lack of experience. The answer to which again is a No. Because the truth is that if you are young and ambitious, people will take the time to listen to you. If in your heart, you believe that you have a good idea and have enough passion to see it through, chances are you are more likely to succeed than fail.

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In October 2014, India’s fastest growing e-commerce startup Snapdeal raised $627 million at a reported valuation of over $2 billion. At the same time, India’s Uber-style service, Ola raised $210 million while being valued at over $1 billion in under 3 years. Then in December, India’s largest online retailer Flipkart raised another $700 million at over a $11 billion valuation. In January 2015, India’s online restaurant guide Zomato bought US based startup Urbanspoon for over $50 million, making this deal the largest purchase of a US-based internet company by an Indian startup. Obviously, a startup isn’t a bad idea after all.

According to an article in Firstpost, India is home to 3,000 tech startups, the fourth largest base for young businesses in the world. And according to NASSCOM, it is expected that this base will increase to 11,500 tech startups by 2020. Geographically, Bangalore and National Capital Region (NCR) tops the chart for being home to maximum number of young businesses.

According to NASSCOM, 10,000 Startups program, the positive changes in the Indian startup ecosystem, has led the way for 3 trends that are shaping the Indian economy with a potential to shake things up: Digitization, faster innovation cycles, and the rise of young, ambitious talent.

Don’t let anything stop you, if you think your idea is the Next Big Thing!

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