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India adds over 1100 start-ups in 2019, continues to be 3rd
We have very strong pipeline of 50 soonicorns which are soon to be unicorns and that pipeline is growing pretty robustly Ghosh said there was also an increase in terms of job creation by startups
Adding over 1,100 start-ups in 2019, India continues to reinforce its position as the third largest start-up ecosystem across the world, taking the total number of tech start-ups to 8900-9300 in the last five years, NASSCOM said here on Tuesday. The IT industry body also said that Indian startup ecosystem is geared up for “10X” growth trajectory by 2025. “From 2014-2025 the 10 year period that we will see, the Indian startup ecosystem is geared up for 10X growth trajectory over these ten yerars, which is pretty phenomenal. We are expecting by 2025 the total number of unicorns to go up anywhere between 95-105 in India,” National Association of Software and Services Companies President Debjani Ghosh said.