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    Ram Kr
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    The document discusses start-ups and entrepreneurship in India. It defines a start-up as a young, growing company in its early stages of operation that is usually financed by individuals. India has the second largest start-up ecosystem in the world, with over 20,000 start-ups including 10,000 tech start-ups. Growth drivers for Indian start-ups include low costs, proximity to customers and vendors, the large domestic market, and India's young workforce. However, 90% of Indian start-ups fail within 5 years, and innovation levels remain relatively low. Some successful global and Indian start-ups are mentioned as examples.

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    Lecture 3 Start-Ups

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    The document discusses start-ups and entrepreneurship in India. It defines a start-up as a young, growing company in its early stages of operation that is usually financed by individuals. India has the second largest start-up ecosystem in the world, with over 20,000 start-ups including 10,000 tech start-ups. Growth drivers for Indian start-ups include low costs, proximity to customers and vendors, the large domestic market, and India's young workforce. However, 90% of Indian start-ups fail within 5 years, and innovation levels remain relatively low. Some successful global and Indian start-ups are mentioned as examples.

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    © All Rights Reserved
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    24 views8 pages

    Start-Ups & Entrepreneurship

    Uploaded by

    Ram Kr
    The document discusses start-ups and entrepreneurship in India. It defines a start-up as a young, growing company in its early stages of operation that is usually financed by individuals. India has the second largest start-up ecosystem in the world, with over 20,000 start-ups including 10,000 tech start-ups. Growth drivers for Indian start-ups include low costs, proximity to customers and vendors, the large domestic market, and India's young workforce. However, 90% of Indian start-ups fail within 5 years, and innovation levels remain relatively low. Some successful global and Indian start-ups are mentioned as examples.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 8

    Start-Ups &

    Entrepreneurship
    Introduction
    • A Start-Up is a young company that is beginning to grow and develop,
    is in first stages of operation & is usually financed by an individual or
    group of individuals.

    • A Start-Up is a young company that searches for an unknown business


    model in order to disrupt existing markets or create new ones.

    • A Start-Up is defined as an entity that is headquartered in India, which


    has opened less than 10 years ago & has an annual turnover of less
    than 100 Crores
    Start Up Ecosystem in India
    • 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 a system to create
    and scale new startup companies.

    • India has the second largest start-up ecosystem in the world ; expected to witness YoY
    growth of 10-12%

    • More than 20,000 start-ups in India, around 10,000 of these are technology led start-ups.

    • 1400 new tech start-ups were born in 2016 alone, implying there are 3-4 tech start-ups
    born everyday
    Growth Drivers for Start-Ups in India
    • Cost of doing business
    • Proximity to customers/ vendors
    • Size of domestic market
    • 7 Million College Graduates per year; 55% of youth prefer working in
    start-ups over corporates (as per a youth of the nation survey of 150K
    young Indians) Median age of founders :31 Years
    • Second largest consumer internet market in the world (overtaking
    China) with 462 mn internet users ; 80% of these are mobile based.
    Some Challenges
    • 90% Indian Start-Ups fail within 5 Years of conception

    • Number of IT Start-ups in the country has slumped to 800 in the first


    nine months of 2017 from over 6000 in all of 2016

    • India was among the bottom most countries in terms of global


    innovation according to a global study.
    Some Successful Start-Ups (Global)
    • Airbnb
    • Uber
    • Yelp
    • Fandango
    • Expedia
    • Spotify
    • And many others
    Some less known Successful Start-Ups
    (Global)
    • Zume food production known for its Robot made Pizza’s

    • Ritual-Social Ordering App

    • Databricks-helps companies analyse their performance through it’s


    analytics

    • Aurora- was founded by former employees of Google, Uber & Tesla-


    Self driving vehicles
    Some Successful Indian Start-Ups
    • Zomato
    • Ola Cabs
    • Flipkart
    • RedBus
    • PayTm
    • Mobikwik
    • Shuttl
    • OYO Rooms
    • And Many others

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