Consumer
internet companies raised over $4bn this year amid an unprecedented
global appetite for India's digital pie. Over 1,250 new ventures
sprouted, with the number of mobile-first startups growing fastest.
Here's how it unfolded and what lies ahead...
The Indian entrepreneurship eco system got its biggest fillip in 2014 as the year saw an unprecedented number of new businesses spring up, aided by an exuberant investor sentiment around startups. As more Indians took to their smartphones to access the internet, in many cases for the first time, numerous consumer technology ventures were built to cater to this growing population. But what vastly differentiated 2014 from the previous years was the never-seen-before amount of capital that was funnelled into these digital companies across all stages.
It wasn't only the bigger online commerce players which received gobs of money , thanks to the trickle-down effect even the early-stage startups were flush with funds. The entrepreneurial zeal was palpable across food technology , online travel, grocery delivery , offline-toonline services, all of which were the preferred sectors for starting up as a total of 1,259 new ventures sprouted through the year. Sample this: in the food tech space, for instance, out of 145 companies that operate in the country , 66 were created in 2014; almost half of the 83 local and home services ventures that exist today were built this year, according to data provided by Tracxn, which curates information about Indian startups and private companies.
The Indian entrepreneurship eco system got its biggest fillip in 2014 as the year saw an unprecedented number of new businesses spring up, aided by an exuberant investor sentiment around startups. As more Indians took to their smartphones to access the internet, in many cases for the first time, numerous consumer technology ventures were built to cater to this growing population. But what vastly differentiated 2014 from the previous years was the never-seen-before amount of capital that was funnelled into these digital companies across all stages.
It wasn't only the bigger online commerce players which received gobs of money , thanks to the trickle-down effect even the early-stage startups were flush with funds. The entrepreneurial zeal was palpable across food technology , online travel, grocery delivery , offline-toonline services, all of which were the preferred sectors for starting up as a total of 1,259 new ventures sprouted through the year. Sample this: in the food tech space, for instance, out of 145 companies that operate in the country , 66 were created in 2014; almost half of the 83 local and home services ventures that exist today were built this year, according to data provided by Tracxn, which curates information about Indian startups and private companies.
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