December 7, 2018
The summit, themed around ‘Mobilizing Global Capital for Innovation in India’, showcased the Indian startup opportunity for funding from around the world
Rising funding inflow has come hand in hand with India jumping the World Bank’s Ease of Doing Business ranking by 65 spots over four years to reach the 77th rank
The Venture Capital summit was attended by over 150 participants, including 100 funds from countries such as the USA, China, Japan, Hong Kong and Singapore
India has the world’s third largest startup base with more than 14,000 recognized startups. More than 8,200 startups were recognized by DIPP in 2018 alone
The Department of Industrial Policy & Promotion (DIPP) of the Ministry of Commerce and Industry, along with the Government of Goa, organised the annual Startup India Venture Capital Summit on December 7. The summit, themed around ‘Mobilizing Global Capital for Innovation in India’, showcased the Indian startup opportunity for funding from around the world. The startup summit enabled dialogue between Government and experienced Venture Capital fund managers on ways to further promote the startup ecosystem in India. Such funding events are aimed at attracting global capital into India’s fast-growing innovation and manufacturing space.
The summit highlighted the huge return-generating potential of India’s vast and diverse market monetized through cutting-edge technologies and supported by investor-friendly regulations. Rising investment inflow has come hand in hand with India jumping the World Bank’s Ease of Doing Business ranking by 65 spots over four years to reach the 77th rank. As a result the world’s fastest-growing major economy has become South Asia’s top-ranked economy. Last month, the Indian Embassy in China in partnership with the Startup India Association and the Venture Gurukool fund had organized the 2nd Startup India Investment Seminar in Beijing.
The latest Startup Venture Capital summit was attended by over 150 participants, including government officials, domestic and international startups, global fund managers and India’s vibrant entrepreneurial community. Participants from around 100 funds from countries such as the USA, China, Japan, Hong Kong and Singapore were among the attendees. India has the world’s third largest startup base with more than 14,000 recognized startups. More than 8,200 startups were recognized by DIPP in 2018 alone, leading to the creation of more than 89,000 new jobs this year, taking the total job creation contribution of recognized startups to 141,775.