India Is The Fastest Growing Startup Ecosystem In The World: NASSCOM
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India is poised to see a rapid growth in the number of product startup operational by 2020 reveals this study. Currently, there are around 3,100 startups in India, and is expected to rise to 11,500 by the end of 2020.
According to NASSCOM president
The study, futher, stressed that the rapid growth in startup will create an employment for around 250,000 people by 2020 as against the current 75,000.
In the last five years, there were more than 70 VC/PE have investment worth over $2 billion in the domestic start-up ecosystem, the study stated. In last three years, there were over 20 merger and acquisition deals worth $ 1billion.
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