India's Entrepreneurial Ecosystem Turns Vibrant

BANGALORE: India’s entrepreneurial system is now seems to set on the track for its development plans. The year 2014 is not yet finished and the venture capital investment in India is on the peak shores. Recent years have seen quite a development in Indian markets; encouragement towards startups is a great call from the venture capital investors.

According to the report published by E&Y on Global venture capital insights and trends, 2014 revealed that “Although angels and incubators have grown in importance particularly in the start-up phase, where participation has risen to 25.5 percent from 13.7 percent in 2007.”

Development of more and more entrepreneurship in India will lead to more and more businesses in India, ultimately leading to generate more money in the country. Boosting the startups, for technology, brands and many more is contributing towards the economic development.

“The ecosystem for early-stage deals is growing enormously and entrepreneurs are feeling this is a great time to start a tech-enabled business in India, whether it is consumer facing or enterprise,” said Nikhil Khattau, managing director at Mayfield India, reports Economic Times.

Founded in 2011, Yournest is one such Angel Fund that provides funds for the Startups, which are ready with their innovative ideas and business plans to be launched in the markets. Presently, 45 entrepreneurs and professionals have contributed in the first fund of Yournest.

The excel rate for startups is not limited to tech-products only; Venture capitalists have shifted their focus on Healthcare, Retail/Consumer products too. In 2011 healthcare sector was valued in some $50 billion and estimations are that by 2015 the figures will get doubled.