The growth of the software industry in the recent years, has beckoned a transformation- in India and across the globe.
In its three-day annual flagship NASSCOM Product Conclave 2014, held in Bangalore, NASSCOM, undraped the key findings of India Start-Up Report 2014.
The conclave talks about the fast growing product and start-up ecosystem in India, and provides a platform to engage with thought leaders in the product space, discuss issues of common interest and network, and helps in creating a bridge between budding entrepreneurs and businessmen, for proper mentorship.
They also mentioned that India is the third largest entrepreneurship base in the world.
The growth of the software industry in the recent years, has beckoned a transformation- in India and across the globe. With the advent of technology, and increasing number of internet users becoming consumers of e-commerce solutions and the related marketplaces, the Indian entrepreneurial industry is building global digital solutions to capitalize the exponential growth, it has seen in the recent years.
With stories of successful start-ups from India topping the charts, comes a mixture of product innovations and exciting new solutions. “The Indian start-up ecosystem is rapidly evolving, driven by an extremely young, diverse and inclusive entrepreneurial landscape.
An additional driving force is a four-fold increase in access to capital through VCs, angel investment and seed funding are allowing Indian entrepreneurs to work on building tailor-made products for their consumer market,” said the NASSCOM President, R Chandrashekhar.
Massive growth, capital availability and acquisitions are the leading drivers of the growing start-up ecosystem in India.
The Indian entrepreneurial industry, they say, is well positioned to address the entire Asian market opportunity, and is all ready to expand beyond the US and European region.