How Did Indian Startups Attract Over $150 Billion in Funding in a Decade?
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Synopsis
In an astounding revelation, Indian startups have amassed over $150 billion in private funding over the past decade. This remarkable growth reflects the success of initiatives like 'Startup India' and the transformative power of technology, significantly impacting every sector in the country.
Key Takeaways
- Indian startups have attracted over $150 billion in funding in the last decade.
- More than Rs 22,900 crore invested through government initiatives.
- India ranks 39th in the Global Innovation Index 2024.
- Over 1.5 lakh startups and more than 100 unicorns in India.
- The digital revolution has uplifted various sectors and communities.
New Delhi, June 12 (NationPress) There has been a notable increase in private investments over the last 11 years, with Indian startups and emerging entities securing an impressive over $150 billion in funding during this decade, as stated by Commerce and Industry Minister Piyush Goyal on Thursday.
More than Rs 22,900 crore has been funneled into over 1,270 startups through the government’s Fund of Funds for Startups initiative.
“India is adopting technology like never before! This digital evolution stems from a forward-thinking vision and timely policy measures led by Prime Minister Narendra Modi. Every segment of society and every facet of life has benefitted from 11 years of Digital India,” Goyal expressed in a post on social media platform X.
Intellectual Property filings by domestic startups have soared from 2017 to 2024, witnessing a remarkable growth of over 355 percent in patents and more than 543 percent in trademarks.
India now holds the 39th position globally in the 'Global Innovation Index 2024'.
Goyal expressed his pride in observing the significant effects of PM Modi’s transformative initiative ‘Startup India’ in enhancing innovation and entrepreneurship within the country.
“The extraordinary talent of our youth and women is propelling this revolution and fueling India’s economic advancement with unmatched enthusiasm,” he added.
India has emerged as the third-largest startup ecosystem globally, boasting over 1.5 lakh startups and more than 100 unicorns.
“11 years of Digital India have empowered every citizen with smooth services, financial inclusion, and last-mile connectivity,” stated Minister of State for Commerce and Electronics and IT, Jitin Prasada.
The digital revolution, which commenced 11 years ago, is embedded in nearly every policy-making and public welfare scheme, with detailed strategies aimed at benefiting the underprivileged and marginalized communities.
Prime Minister Modi took to X on Thursday, emphasizing the importance of “leveraging technology to deliver numerous advantages to the populace.”
“Service delivery and transparency have seen remarkable improvements. Technology has become a catalyst for uplifting the lives of the most disadvantaged individuals,” he further elaborated.
Point of View
The growth of Indian startups signifies a pivotal shift towards innovation and economic empowerment. The government's proactive measures and emphasis on technology have created a fertile ground for entrepreneurship. It is essential for the nation to continue supporting this ecosystem to ensure sustainable growth and inclusivity.
NationPress
17/06/2025
Frequently Asked Questions
What is the total funding attracted by Indian startups over the past decade?
Indian startups have attracted over $150 billion in funding in the last decade.
Who is the Minister of Commerce and Industry?
The current Minister of Commerce and Industry is Piyush Goyal.
What is the global ranking of India in the Global Innovation Index 2024?
India ranks 39th globally in the Global Innovation Index 2024.
How many startups are currently in India?
India has over 1.5 lakh startups, making it the third-largest startup ecosystem in the world.
What major initiative has contributed to the growth of startups in India?
The 'Startup India' initiative has significantly boosted innovation and entrepreneurship in the country.
