Startup India Claims a Threefold Surge in Startup Registration in 2018

As per Invest India, a programme run under Startup India, states that 24,935 startups are presently registered under Startup India initiative in contrast to last year (2018) when startups were 8,939 in aggregate.
  • BY Jaspreet Kaur

    Feature Writer, BusinessEx

  • |
  • Nov 19,2019
  • |
  • 7 Mins Read

The count of startups in India is increasing as the country has a robust startup environment and invariable demand that help startups to attain easy success in the short run. Reportedly, startups registered with the government’s initiative, Startup India Programme has incremented by three times in the past year (2018), reaching approximately 25K under this programme, Inc42 reported. 

As per Invest India, a programme run under Startup India, states that 24,935 startups are presently registered under Startup India initiative in contrast to last year (2018) when startups were 8,939 in aggregate.

In the latest post on Twitter, the Indian government’s investment promotion agency, Invest India UK, also informed that Department for Promotion of Industry and Internal Trade (DPIIT) acknowledges 26 startups on a daily basis.

The government-run programme, Startup India asserts to have 24,936 startups recognised by DPIIT. It also demonstrates state-wise startup registration done so far. Maharashtra with 12,101 registered startups along with 16 investors and 41 incubators has the highest number of startups in India, followed by Delhi-NCR having 10,304 registered startups along with 19 investors and 47 incubators and then, Karnataka holding 7670 registered startups with 11 investors and 49 incubators.

According to business intelligence firm, KPMG India’s report,“ Maharashtra has a vibrant startup ecosystem, primarily due to an increase in the number of startups. As per the Department of Industrial Policy and Promotion (DIPP), Maharashtra with a total of 2,787 startup registrations (out of 14,565), was ranked first in 2018, followed by Karnataka (2,107), Delhi (1,949) and Uttar Pradesh (1,201). This growth in the startup landscape could largely be attributed to Mumbai which has the third largest startup base, after Bengaluru and Delhi.”

“There are 50,000 registered startups in India, and there will be 50K more by 2024 at this pace,” Guruprasad Mohapatra, Secretary at the Department for Promotion of Industry and Internal Trade of India (DPIIT) said in a press conference.  

Please add your Comment

More from Jaspreet Kaur

Our Group Companies

Get Industry First Insights

Sign up for our exclusive Newsletter

  • Follow BusinessEx
Stay tuned & get updated