Startups in India witnessed a $11 billion investment in 2018, growing twice from 2016. Over 1200 startups were registered in 2018 alone taking the total figure to above 7200, according to Arun M Kumar, Chairman & CEO, KPMG India.
He highlighted the impressive growth registered by the startup domain in the country in his inaugural address at the two-day TiEcon Kerala 2019, the eighth edition of Kerala’s largest conference on entrepreneurship, held at Le Meridien Convention Centre, Kochi. The mega event was organised by TiE Kerala.
He said B2B startups have recorded 40 percent growth. “We also have more than 210 active incubators, registering a growth of 50 percent from 2016. The ranking on ‘ease of doing business’ has gone up from 144 in 2014 to 77 in 2018,” he added.
Telecom companies, retailers and e-tailers, startup funds, government and regulators, logistics players, banks and financial institutions, digital wallets, content players, AI and Internet of Things have together created a powerful ecosystem for startups to grow, Kumar said.
Diese Geschichte stammt aus der November 2019-Ausgabe von Destination Kerala.
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Diese Geschichte stammt aus der November 2019-Ausgabe von Destination Kerala.
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