According to a recent report from the policy advisory and study firm Startup Genome, India ranks fourth worldwide with respect to the number of startups that have received over $50 million in reported venture capital (VC) investment.
According to the list, the US, China, and the UK are the only countries that rank higher than India.
According to the report, India has 429 scale-up businesses, with cumulative VC investments of $127 billion and $446 billion in technology. India also outperformed the UK in terms of total VC investment as well as the total amount of tech value invested by these scale-up companies.
The report also emphasizes the significance of interconnectedness on a global scale. Starting businesses with a large global network have a 3.2 times higher chance of scaling than those with few connections abroad. With a strong 66% correlation between these factors, ecosystems that are more connected with major global hubs like Silicon Valley, New York City, and London see their start-ups expanding internationally at a noticeably higher rate.
The Scaleup Report by The Startup Genome is a thorough investigation into the variables, practises, assets, and traits influencing the success of scaleup start-ups. It makes a distinction between new businesses that make $50 million or more in four to eight years and those that don’t.
Due to the ongoing funding winter, growth phase and later-stage funding have decreased over the past 1.5 years in the Indian startup ecosystem. The maturation of India’s startup ecosystem is demonstrated by the rising number of startups that have achieved scaleup status.
India is fourth in the world for start-ups receiving over $50 million in funding. India has seen 429 scaleups and $127 billion in VC investment. Most Indian startups have 50% or more non-Asian customers.