Paul Sissman’s Post

𝙏𝙝𝙚 𝘿𝙪𝙖𝙡 𝙍𝙚𝙖𝙡𝙞𝙩𝙮 𝙤𝙛 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙎𝙩𝙖𝙧𝙩𝙪𝙥 𝙀𝙘𝙤𝙨𝙮𝙨𝙩𝙚𝙢: 𝙎𝙪𝙘𝙘𝙚𝙨𝙨 𝙖𝙣𝙙 𝘾𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚𝙨 !! India's startup ecosystem is a remarkable tale of growth, innovation, and resilience. As of October 2024, 1.52 lakh startups have been recognized under the Startup India program. While these ventures have created over 16.6 lakh jobs and driven innovation across 55 industries, over 5,000 startups have also faced closure—about 3% of the total. State-wise Closures: Maharashtra: 929 Karnataka: 644 Delhi: 593 Uttar Pradesh: 487 Telangana: 301 These closures highlight significant challenges like funding shortages, regulatory complexities, and market competition. However, the ecosystem continues to mature, learning from setbacks to foster sustainability and innovation. 💡 Takeaway: Startups epitomize risk and reward. The closures emphasize the need for robust financial access, simplified regulations, and mentorship to ensure long-term resilience. 🔗 What are your thoughts on balancing innovation with sustainability in the startup ecosystem? Let's discuss! #IndianStartups #Entrepreneurship #Innovation #StartupChallenges

In a significant milestone for India’s startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognized 1,40,803 entities as startups under the Startup India initiative, launched on 16th January 2016. The initiative, aimed at nurturing innovation and encouraging investments in startups, has seen substantial growth across the nation. As of 30th June 2024, Maharashtra leads with 25,044 recognized startups, followed by Karnataka with 15,019 and Delhi with 14,734. Other notable states include Uttar Pradesh (13,299), Gujarat (11,436), Tamil Nadu (9,238), Haryana (7,385), and Telangana (7,336). Among the smaller regions, Lakshadweep has 3, Sikkim has 11, and Ladakh has 16 recognized startups. 🔗 Read more at: https://lnkd.in/dpT-Azir

India has emerged as the world's best collaborative startup ecosystem with more than 1.25 lakh startups and 110 unicorns and is rightly preparing a nation-building roadmap with it. India's startup ecosystem is no longer confined to metro cities, it has become a social culture. Startups will play a big role in India's progress. Gujarat also has some institutes and companies which are doing very well, like i-Hub Gujarat SSIP Gujarat TiE Ahmedabad Shuru-Up Iroller Capital Pvt Ltd GVFL Limited Gujarat Chamber of Commerce and Industry etc. Apart from this there are others viz Milapsinh Jadeja Sanket Shah CA Swati Panchal CA Harsh Mehta Kedar Dave Amit Parikh Marmik Shah also do fantastic work. Suniel Shetty Startup India Dr Parul Patel Sanjaykumar Patel Devansh Lakhani - Angel Investor PURVANG MEHTA Purvangi Shah Lead Angels Network ASSOCHAM (The Associated Chambers of Commerce and Industry of India) Ravi Kedia Arpit Mehta Ashissh Pattel Samir Joshipura Ketan Nashit Rajnikant Patel CMO Gujarat Dr Jagat Shah, MBA, CMC, PhD. Jagdish Vishwakarma Indian Institute of Management Ahmedabad Nayan Parikh Mayur Vadher Vivek Kumar #STARTUP #STARTUPINDIA #FUNDRAISING #INVESMENT #BUSINESS #STARTUPNEWS #VIKSITBHARAT

India marks 1.4 lakh registered startups. As of June 30, 2024, according to the Department for Promotion of Industry and Internal Trade (DPIIT). In a statement to the Rajya Sabha, Union Minister of State for Commerce and Industry, Jitin Prasada, provided a breakdown of startups registered in different states and union territories. Maharashtra leads with 25,044 startups, making it the top state for startup registrations in India. Karnataka follows with 15,019 registered startups, while Delhi is close behind with 14,734. Uttar Pradesh ranks fourth with 13,299 startups, and Gujarat comes in fifth with 11,436. It's inspiring to see so many people in India embracing entrepreneurship and starting new ventures. The rise of startups is not only a testament to the innovative spirit of the country but also a positive sign for the economy. #startup #innovation #indianstartups #economy #growth

The number of startups has crossed 1.4 lakh. There were only 400 startups in India in 2016. Now that number has crossed 1.4 lakh. Union Minister of State for Commerce and Industry Jitin Prasad recently gave a written reply in the Rajya Sabha regarding the development of start-up companies in India. It says, “Maharashtra has the maximum number of 25,044 start-up companies. Karnataka is at the 2nd position with 15,019 startups and Delhi is at the 3rd position with 14,734 startups. 4th is Uttar Pradesh (13,299) and 5th is Gujarat (11,436). In 2016, the central government launched the 'Start Up India' scheme to encourage start-up companies. Incubation centers for start-up companies, the central government has taken forward the projects with an investment of Rs.10 thousand crores. The central government is creating various frameworks for startups to reduce their dependence on foreign investments and make domestic investments available. Due to this, the number of start-ups in India is increasing many times,” he said. Follow @busibeez to get to know more business news around you. #busibeez #startupnews #centralgovernment #startupgrowth #businessnews #mumbaistartups #gujaratstartups #tamilandustartups

Did you know? 23% of all unicorns in India are based out of Maharashtra! Let’s take a closer look at Maharashtra’s startup ecosystem  💸👇 Maharashtra based startups have raised over $23 billion in funding since 2014 – with Mumbai & Pune emerging as the most funded startup hubs in the state. 🚀 In 2023 alone, the government has recognised 5,801 startups from the state of Maharashtra, displaying a 21.8% rise from 2022. 🚀 In June, IPO-bound electric two-wheeler maker Ather Energy announced that it’s setting up its 3rd manufacturing facility in Maharashtra, to manufacture escooters and battery packs. 🚀 In April, Mega Networks revealed its plans to set up a factory for local manufacturing of artificial intelligence servers in Maharashtra by the third quarter of the ongoing fiscal year 2024-2025. 🚀 Maharashtra’s industries minister also said that the state is looking to expand its startups portfolio to a staggering 50,000 soon. #startups #mumbai #pune #maharashtra

riidl Somaiya Vidyavihar has joined hands with the Maharashtra State Innovation Society as an Ecosystem Partner to invite startup founders across the country to apply for the 6th edition of Maharashtra Startup Week 2024! Maharashtra Startup Week is a flagship initiative designed to identify, showcase, and support startups that can revolutionize governance and create large-scale impact across Maharashtra. This is an incredible opportunity for entrepreneurs to scale their innovations and contribute to the state's development. Process: 1. Submit your application online with just a few clicks! 2. The top 100 startups will be shortlisted for a pitching showdown. 3. Finally, 24 winners will be selected from various sectors, gaining several opportunities including work orders & pilots. What's at Stake: 🎯 24 winning startups will receive work orders of up to ₹15 lakhs each. 🎯 Upto 12-month support for the deployment 🎯 Opportunity to pilot solutions with various government departments. 🎯 Cloud credits, mentorship, and networking opportunities with investors. Eligibility Criteria: ✅ DPIIT recognized startups across India. ✅ Deployment-ready Minimum Viable Product (MVP). ✅ Innovation relevant to the Government of Maharashtra. ✅ Not a previous MSW winner. Apply before August 1st, 2024! Follow this link to apply: https://lnkd.in/dQdSTgjz Join us in driving innovation to make a tangible difference in governance and society! #riidl #SomaiyaVidyavihar #MSInS #Entrepreneurship #StartupEcosystem #Startup #MaharashtraStartupWeek #StartupIndia #StartupFounders #Entrepreneurs #Innovators

As of June 30, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognized 1.40 lakh entities as startups in India. According to a written response by the Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha, the number of DPIIT-recognised startups State/UT-wise has shown that Maharashtra tops the list with 25,044 registered startups. Karnataka is second with 15,019 registered startups, followed by Delhi with 14,734 startups. Uttar Pradesh has secured fourth place with 13,299 startups, while Gujarat is in fifth place with 11,436 startups. Read the full story here: 👇 https://lnkd.in/dxUcsHnA #startups #maharashtra #karnataka #uttarpradesh #business #indianstartupnews

🚀 India's Thriving Startup Ecosystem! 🌟 As India accelerates toward becoming a global innovation hub, we are proud to be part of this journey with Zodha Group, a startup built for the future and for the people! From Zodha Realty shaping the landscape of real estate, Zodha Pharmacy revolutionizing healthcare, Zodha Construction driving infrastructure growth, and much more, we are committed to making a difference across industries. Here's a quick glance at the number of startups registered across different states of India. From the tech hubs of Karnataka (9,191) and Maharashtra (14,140) to the emerging startup capitals like Delhi (8,954) and Uttar Pradesh (7,029), the entrepreneurial spirit is soaring high! 🌍💼 Key Highlights: Maharashtra leads with over 14K startups! Southern states like Karnataka and Tamil Nadu are emerging as innovation powerhouses. Northern states such as Delhi and Uttar Pradesh are catching up with incredible momentum. Even smaller regions like Goa and the northeastern states are contributing to India's startup revolution. At Zodha Group, we believe in building for the future, driving sustainable growth, and empowering communities through innovation. Join us in this journey of transformation and success! 🚀💼 #ZodhaGroup #Startups #Innovation #IndiaStartups #Entrepreneurship #BusinessGrowth #ZodhaPharmacy #ZodhaRealty #ZodhaConstruction #FutureBuilders #StartupIndia