NASSCOM is the premier trade body and chamber of commerce of the tech industry in India and comprises over 3000 member companies including both Indian and multinational organizations that have a presence in India. Prime Minister Shri Narendra Modi, referred to NASSCOM as a "revolution," beyond its time-tested role as an association.
The 2021 edition titled "NASSCOM Tech Start-up Report 2021 -Year of the Titans" was released today by Minister Shri Piyush Goyal, and this year's report underlines how 2021 was the year of unparalleled growth in the Indian tech start-up ecosystem. Many records have been broken and new ones established this year across different parameters: unicorns, funding, merger & acquisitions, investors, and more. The report also highlights key aspects of the ecosystem which is strengthening its core such as rising inclusivity and diversity, intensifying corporate participation, deepening investors' commitment, and much more. The report also puts forth some proactive measures that would allow us to accelerate, and de-risk, the tech start-up ecosystem growth.
Also:Startup life is hard. This tiny nation shows that anything is possible
Debjani Ghosh, President NASSCOM
Debjani Ghosh is the President of the National Association of Software & Services Companies (NASSCOM) since April 2018. NASSCOM, a not-for-profit industry association, is the apex body for the 194 billion dollar IT BPM industry in India, an industry that had made a phenomenal contribution to India'sGDP, exports, employment, infrastructure, and global visibility.
"Indian startups are fast becoming the champions of India Inc's growth story with the number of direct and indirect jobs being created - driving significant economic and social growth. Not to mention the 2X increase in private market valuations. In 2022, the Indian startup ecosystem is poised to catapult its journey, with continued momentum across investments, M&As, IPOs, and unlocking value from breakout verticals such as Agriculture, Gaming, Blockchain, Web3, Automotive, Industrial and Manufacturing," noted Ghosh and Pari Natarajan, CEO of Zinnov, in the NASSCOM Tech Startups Report 2021.
Here are some of the key takeaways of the NASSCOM Tech Startups Report 2021:
Snapshot of the Indian tech startup ecosystem in 2021
An unforgettable year for tech start-ups:
India added the 3rd highest number of technology startup unicorns in 2021
Ecosystem becoming more inclusive and diverse
India tech startup ecosystem continues to strengthen at its core
Increasing breadth and depth in sectors
Also: Indian rideshare Ola faces crowded field to go beyond Uber playbook
The foundation of India's tech startup ecosystem is strong
Intensifying corporate and investors participation:
2021 growth rates in India's tech startup ecosystem were far greater than pre-pandemic highs
M&A pace rebounded massively with more than 70% growth over 2019
M&A pace was at record levels in 2021 for Indian tech startups
India's #TechStartups showed up to play big time in 2021..$24Blln in funding (excluding cos set up prior to 2011) 40+ unicorns, 11 IPOs, 198 M&A deals, 6.6lac direct n 34 lac+ indirect jobs.. 3rd largest tech start up base globally! YESS!@Rajeev_GoI @AshwiniVaishnaw@nasscom pic.twitter.com/M76d9PPFue
- debjani ghosh (@debjani_ghosh_) January 22, 2022
2021 was a defining year for public offers with 11 tech startups getting listed in India and overseas
Also:Indian water safety platform named winner of IBM Call for Code challenge
2021 was a defining year for India's tech IPO debuts
Here are 10 powerful statistics that highlight the record year in India's technology startup ecosystem:
1. India's tech start-up further cemented its place in the global start-up landscape
2. India's technology start-up ecosystem has expanded to a large pool of 25-26,000 startups that have been set up in the last ten years.
3. Start-ups are key for the country as they fuel innovation, value creation, and the multiplier impact on the economy
4. Three words that defined the start-up landscape in 2021 -Funding, Unicorns, and Exits
Also: With 900,000 developers, here's where the next big startup ecosystem will be
India's technology startup ecosystem covers multiple industries
5. Top 4 growth sectors