8 Reasons That Make India The Next Startup Nation

Rise in funding

According to curated data, a total of $9billion was invested and 1005 deals were signed in the Indian startup sector in 2015. The 2014 records show investment of $3billion and deals count limits to 300 only. That definitely shows a big jump in the financial gains of startups in India. Maximum deals have fallen in online and mobile category. Also, eight startups entered the unicorn club, that is, valued over $1billion.

Snapdeal sets an example

The second largest Indian e-commerce website. Snapdeal crossed $5billion valuation after $500million funding from investors like Alibaba Group, Foxconn Technology Group and existing investor Softbank Group. This makes Snapdeal beat pioneers like Grasim or Vedanta in terms of financial value. Also, this amount can be compared to Yes Bank’s market capitalization.

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