Startup India

The city is fast becoming a hotbed for food tech start-ups. With a huge multinational crowd, new players are entering the market. The start-ups might be serving food, but they identify themselves as tech firms, by marrying food and technology. The online delivery box model is very spicy right now. It will only get hotter because people are getting busier, which does not give them time to get back to their kitchen.

There is a start-up boom underway. Each day, a few budding start-ups founded by enthusiastic young students and college graduates open shop. According to Nasscom data, more than 3,100 tech start-ups were registered by the end of 2014 and the number is expected to rise to 11,500 by 2020. Many of them will down shutters in some time, while a handful will go on to become behemoths in their niche space, backed by big investor money. Meanwhile, in a highly competitive investment space, venture capitalists (VCs) and private equity (PE) firms are on the prowl for promising start-ups that could grow to become the next big global company with the right amount of funding and guidance. “The biggest challenge for VCs is to discover very early stage start-ups. If this decade is to be known for anything, it will be for the start-ups popping up left, right and center around the globe. A Nasscom study says India has the third highest number of start-ups in the world, behind the US and the UK.

India is not only a country of a million mutinies but it is also a nation of a million dreams. Combine this with the country’s young population and the internet boom and it is not surprising that today we have a plethora of startups spanning various sectors like e-commerce, consumer services and aggregators. These new age companies have not only made life easier for consumers, they have also ensured jobs for many. According to a Nasscom study, startups created 80,000 jobs in the country in 2015. This has been possible because the year was a boom year for the country’s young entrepreneurs. According to VCCEdge, the data research platform of VCCircle, angle and VC investors have sealed as many as 1,096 deals so far in 2015, up 68% from last year, a record jump.