Technoglitch
Core Member
Venture debt firm InnoVen Capital has come out with a report that talks about trends and challenges along with opportunities that the start-up segment will witness this year.
Titled ‘India Startup Outlook Report 2016’, the report says that from a demographic angle, Delhi emerged as the most sought-after location for starting new ventures. Bengaluru and Mumbai came next as preferred start-up hubs.
An industry-wise analysis revealed that irrespective of funding stage, consumer internet and e-commerce were the most popular segments.
From a hiring perspective, 97 per cent start-ups felt they were likely to hire new employees where on an average 28 per cent would be on the technology front. The study shows that more than 5,000 jobs are expected to be created by about 130 start-ups in the next 12 months. Interestingly, the start-ups surveyed displayed significant gender diversity in their workforce.
It further added that 41 per cent of the VC-funded start-ups had women founders or CXO level executives, while this number stood at 31 per cent for boot-strapped ventures and at 29 per cent for ventures with angel funding.
Ajay Hattangdi, Group COO and CEO India said, “We are privileged to have a unique ring-side view into the venture ecosystem as it has matured over the years. By distilling that knowledge gained through the years into reports and research studies, InnoVen Capital hopes to share some of those insights with other fellow participants, many of who have contributed to the building and nurturing of the Indian start-up ecosystem. InnoVen Capital’s India Startup Outlook Report 2016 reveals a refreshingly optimistic and upbeat sentiment within the Indian start-up environment.”
Delhi most preferred location for starting new ventures: Report | Business Line
Titled ‘India Startup Outlook Report 2016’, the report says that from a demographic angle, Delhi emerged as the most sought-after location for starting new ventures. Bengaluru and Mumbai came next as preferred start-up hubs.
An industry-wise analysis revealed that irrespective of funding stage, consumer internet and e-commerce were the most popular segments.
From a hiring perspective, 97 per cent start-ups felt they were likely to hire new employees where on an average 28 per cent would be on the technology front. The study shows that more than 5,000 jobs are expected to be created by about 130 start-ups in the next 12 months. Interestingly, the start-ups surveyed displayed significant gender diversity in their workforce.
It further added that 41 per cent of the VC-funded start-ups had women founders or CXO level executives, while this number stood at 31 per cent for boot-strapped ventures and at 29 per cent for ventures with angel funding.
Ajay Hattangdi, Group COO and CEO India said, “We are privileged to have a unique ring-side view into the venture ecosystem as it has matured over the years. By distilling that knowledge gained through the years into reports and research studies, InnoVen Capital hopes to share some of those insights with other fellow participants, many of who have contributed to the building and nurturing of the Indian start-up ecosystem. InnoVen Capital’s India Startup Outlook Report 2016 reveals a refreshingly optimistic and upbeat sentiment within the Indian start-up environment.”
Delhi most preferred location for starting new ventures: Report | Business Line
