Tribune Trends Business’ 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

India’s Startup Ecosystem: Growth Amid Challenges India's vibrant startup ecosystem, celebrated as a hub of innovation and job creation, is experiencing growing pains. According to data shared by the Ministry of Corporate Affairs as of Dec. 5, 2024, over 5,000 startups recognized under the Startup India initiative have shut down—3.3% of the 1.52 lakh startups registered by the DPIIT. Maharashtra has reported the most closures (929 startups), followed by Karnataka (644), Delhi (593), Uttar Pradesh (487), and Telangana (301). While these numbers highlight the challenges faced by startups—including intense competition, funding shortfalls, and unclear market strategies—they also reflect the resilience of the ecosystem. 💼 Job Creation Amid Setbacks Despite closures, the Startup India initiative has significantly contributed to employment, creating over 16.6 lakh direct jobs across 55+ industries. Key contributors: IT Services: 2.04 lakh jobs Healthcare & Life Sciences: 1.47 lakh jobs Professional Services: 94,060 jobs Education: 90,414 jobs 🌟 These numbers underscore the transformative impact of startups, even in challenging times. MSMEs Face Similar Struggles The challenges extend to MSMEs as well. Since July 2020, 61,469 MSMEs (mostly micro-units) registered on the Udyam portal have shut operations, with 12,000 closures occurring between July and November 2024. This calls for actionable strategies to support these sectors: Improved mentorship access Sustainable funding channels Policies fostering long-term growth India’s entrepreneurial journey is one of persistence, innovation, and learning from challenges. By addressing these hurdles, we can continue building an ecosystem that thrives on resilience and drives economic growth. What are your thoughts on strengthening support for startups and MSMEs? Share your insights below! 👇 #StartupIndia #MSME #Innovation #Entrepreneurship #JobCreation #EconomicGrowth

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

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

Today, I came across an eye-opening article about India's startup ecosystem's challenges. According to recent government data, over 5,000 startups registered under the Startup India initiative have shut down as of December 5, 2024. This represents 3.3% of the total 1.52 lakh startups recognized by DPIIT. 📍 State-wise Closures: Maharashtra: 929 closures Karnataka: 644 closures Delhi: 593 closures Uttar Pradesh: 487 closures Telangana: 301 closures 💼 Despite Challenges, Positive Impact on Jobs: 16.6 lakh direct jobs created across 55+ industries. Top contributors: IT services (2.04 lakh jobs) and healthcare (1.47 lakh jobs). 🌟 Key Challenges: Funding shortages, especially in the early stages. Intense competition. Lack of clear market strategies. These closures remind us that while India's startup ecosystem is vibrant, sustainable growth requires stronger support systems—mentorship, funding channels, and market readiness. As the saying goes, “Every setback is a setup for a comeback.” This is an opportunity for stakeholders to reassess and build a more resilient entrepreneurial landscape. 👉 Follow me, CLOFY Technologies, and NextGen Cloud Pro Learning Hub for insights on startups, tech trends, and sustainable growth strategies. #IndianStartups #Entrepreneurship #StartupChallenges #Growth

Mr. Amandeep Srivastava, AVP- Technology Business Development, DRISHTI CPS, delivered an insightful #session on the Role of Incubators during the Workshop on Industry-Academia Interaction in Technology Intervention Startups and Entrepreneurship. The workshop, organized by the Rolta Incubation Centre at Maulana Azad National Institute of Technology (MANIT), Bhopal, was sponsored and guided by the Anusandhan National Research Foundation (ANRF), Government of India. In his session, Mr. Srivastava highlighted the transformative impact of incubators in nurturing #innovation, fostering collaboration between #academia and #industry, and supporting #startups in scaling their ideas into #successful, impactful #ventures. He emphasized how #incubators act as critical enablers, providing #mentorship, #resources, and an ecosystem conducive to #growth, thus playing a key role in the nation’s entrepreneurial landscape. DRISHTI CPS remains committed to empowering startups and driving #technological innovation. By supporting emerging #entrepreneurs, we contribute to building a robust, innovative ecosystem that advances India's technological landscape. India DST Indian Institute of Technology, Indore Bhupesh Kumar Lad Aditya SG Vyas akhilesh barve Dheeraj Rane Dr. Atreyee Ghosh Vaibhav Jain Kanwalpreet Arora

Building Rajasthan as the Next Digital Hub! Col. Rajyavardhan Rathore (Hon’ble Minister for Industries and Commerce, IT&C, Skills & Entrepreneurship, GoR) shared his insights at the Rising Rajasthan Summit 2024, emphasizing that success is built on courage, knowledge, and action, with skills being crucial to shaping the future. He highlighted Rajasthan’s vision to lead digital transformation, focusing on nurturing talent and fostering innovation to drive the state’s growth as a digital powerhouse. Watch the video to get full insight. #RisingRajasthan2024 #StartupConclave #InnovateWithiStart #GlobalInvestmentSummit #RajasthanStartups #RajasthanInnovation #InnovateInRajasthan #iStartRajasthan NITI Aayog DOIT&C Invest India Startup India Col Rajyavardhan Rathore Rising Rajasthan

India's Startup Sector Faces Challenges : X Over 5,000 startups, or 3.3% of the 1.52 lakh recognized under the Startup India initiative, have shut down, according to government data shared in the Lok Sabha by Jitin Prasada Minister of State in the Commerce Ministry. Several factors contribute to the high closure rate of startups: ✔ Funding Challenges: Many startups struggle to secure consistent funding, especially in the early stages. + Scalability Issues: Despite innovation, scalability often remains elusive due to market constraints or operational inefficiencies. Market Saturation: Certain sectors, like food and beverages or e-commerce, face stiff competition, leading to consolidation or exit. Policy Hurdles: Regulatory compliance and lack of clear support mechanisms can hamper growth. While closures are concerning, the Startup India initiative has also been a significant driver of employment. Startups have created over 16.6 lakh direct jobs across 55+ industries, with IT services, healthcare, and education leading the charge. This dual narrative highlights the challenges startups face, but also their critical role in bolstering India's economy and employment landscape. #startup #startupindia #startupnews #trendingnews #entrepreneur #entrepreneurship

Over 5,000 startups registered under the Startup India program have shut down. That’s around 3.3% of the 1.52 lakh startups recognized by the government. India’s Startup Scene: Rapid Growth Faces a Reality Check India's once-burgeoning startup ecosystem is experiencing a significant slowdown. Over 5,000 startups registered under the Startup India program have ceased operations, representing approximately 3.3% of the 1.52 lakh startups recognized by the government. This data was shared by Jitin Prasada, a Commerce Ministry official, during a Lok Sabha session on December 10, 2024. Where Are the Closures Happening? Maharashtra leads in startup closures, with 929 reported shutdowns. Other states also grappling with significant closures include: Karnataka: 644 closures Delhi: 593 closures Uttar Pradesh: 487 closures Telangana: 301 closures Meanwhile, smaller states like Arunachal Pradesh and Sikkim reported only one closure each, highlighting the concentration of startup activity in larger, urbanized regions. This disparity reflects varying challenges across states, such as access to markets, funding, and infrastructure. Startup Contributions Amid Challenges Despite setbacks, startups have played a vital role in job creation. As of October 31, 2024, startups across more than 55 industries have created over 16.67 lakh direct jobs: IT Services: Leading the way with nearly 2.04 lakh jobs Healthcare and Life Sciences: 1.47 lakh jobs Education, Food & Beverages, and Construction: Significant contributors to employment Niche Sectors: Passenger experience and dating services created fewer jobs, reflecting varied growth patterns. Why Do Startups Shut Down? Several recurring challenges contribute to the closure of startups: Funding Issues: Many startups struggle to secure adequate funding, especially during their early stages. Scaling Problems: Despite innovative ideas, startups face hurdles in scaling due to market and operational challenges. Overcrowded Industries: Intense competition in certain sectors forces many to exit. Regulatory Hurdles: Complex regulations often stall or slow growth. These challenges underscore the harsh realities of sustaining a business beyond its initial excitement. #indiastartups #startups #closedstartups #5000startups #innovativepakistan #registeredstartups

🚀 Why Maharashtra Leads India’s Startup Revolution 🌟 Maharashtra stands out with over 6,000 DPIIT-recognized startups in 2023. Here's why: ▪️Mumbai’s Financial Hub 💰: 50% of India’s unicorns thrive here, thanks to abundant funding and mentorship. ▪️Global Connectivity 🌐: Major airports and ports facilitate international expansion. ▪️Diverse Sectors 🔄: From fintech to healthcare, startups across industries are flourishing. ▪️Pro-Business Policies 🏛️: The Maharashtra State Innovation Society supports startups with incubation and funding. ▪️Talent Pool 🎓: Top institutions like IIT Bombay fuel innovation. Other States to Watch: 🪙Gujarat: 2,000+ startups with strong entrepreneurial policies and GIFT City. 🪙Karnataka: 2,500+ startups, especially in tech, led by Bengaluru’s IT dominance. 🪙Tamil Nadu: 1,500+ startups in manufacturing and IT, supported by robust infrastructure. Maharashtra’s blend of finance, infrastructure, and global reach keeps it ahead. #Maharashtra #Startups #Innovation #Entrepreneurship #India #Gujarat #Karnataka #TamilNadu