Monday, February 23, 2015

Startup Funding In India: Overview

Brimming with young energy, India presently is a fertile ground of opportunities for the businesses of all sizes. In the startup space, market trends project eCommerce, logistics, IT, and the hospitality sectors as the game changers. As they become stronger, the demand for resources - human, capital, and liquid - is also increasing. The share of these sectors in increasing in the GDP and are currently offering improved employment opportunities. A convincing present and the promising 5-year economic outlooks are pulling in huge venture capital (VC) funding from within the India and outside. In 2014, the country with $4.6 billion in its booty is the third highest venture capital funding destination after the US ($58.9bn) and China ($8.9bn). Bangalore topped the national chart claiming over 50% ($2.6bn) of the total funding, followed by NCR and Mumbai.