Start-ups in india- retrospect and prospects

Abstract

A startup ecosystem is formed by people, startups in their various stages and various types of organizations in a location (physical or virtual), interacting as asystem to create and scale new startup companies. These organizations can be further divided into categories such as universities, funding organizations, support organizations research organizations, service provider organizations and large corporations.The start of 2016 witnessed the launch of the Start-up India initiative and a multitude of policies announced to help accelerate the growth of India’s startup ecosystem. The year witnessed the overall tech start-up base in India cross 4750,having grown at 10-12% . Indian start-up ecosystem also became more prudent with both investors and start-up founders focusing on profitability and optimizing the overall spend.