The startup industry in India is growing faster than ever before. In 2014, there were 3,100 startups and now it is predicted that there will be 11,500 by 2020. With the recent boost in IT jobs in India, alongside a current rise in food startup companies, it seems the startup Industry in India could grow massively in 2016. One of the most important advancements for India’s startups is the recent partnership between TechHub and Google, which will benefit India- based startups for the first time.
This means India’s TechHub members in Bangalore will have access to training and mentorship from Google’s experts, an initiative that could transform the technological and startup industry in India, which would be a massive boost for the economy.
As TechHub’s global Co-Founder and CEO Elizabeth Varley states, “We are excited to bring this partnership to India to increase TechHub’s support to Indian startups. In Bangalore, we see a huge variety of startups creating innovative products, and we want to help them succeed both in India and all around the world. TechHub and Google for Entrepreneurs is a strong partnership that will empower Indian entrepreneurs to go global from the very beginning.”
The food industry in India has particularly benefited from the rise in startups. Small restaurants all over India are profiting from food delivery startups. Online platforms used to manage food delivery services have become increasingly popular in recent years. Fast food restaurant ‘Leon Grill’, now gets more than 55% of its orders from these online platforms. Swiggy, the online food ordering startup based in Bengaluru, says they are growing by 30-35% every month. The demand for e-commerce technology supplied by startup companies is clearly high, and with more and more restaurants desiring the online platforms provided by startups, there could be a need for more entrepreneurs in the future.
The funding and support for entrepreneurs in India by Google and the current popularity of online food delivery services provided by startups will certainly contribute to a growth in the number of startup companies being founded by Indian entrepreneurs over the next few years. As well as resulting in more employment opportunities for recent graduates who can put their expertise in managing new technologies to use.
How Can You Join the Startup Community?
If you are a budding entrepreneur and would like to enter the world of startups, the current growth in this community means that now is a good time. First of all, you will need to assess whether you have the skills and mentality to become an entrepreneur. Entrepreneurship isn’t for everyone, and it takes a lot of hard work. But if you think you have what it takes to turn an idea into a reality, it may be worth working for a startup company before you decide to begin your own, so that you gain some experience in the sector and learn from the experts.
If you are looking to create your own startup business,make sure you represent yourself, and your business effectively online. Web presence is very important in the startup world, so make sure you create an interesting and professional blog. It is also vital that you create a good-looking and fully-functional website for your startup, as we’ve learnt from the success of food startups in India, online platforms are very popular. Be certain that the online platform you create for your business is up to scratch, by purchasing an Indian domain from a company like 1&1. This will mean instead of .com, your website will end with .in, instantly showing your customers that your company is based in India, and therefore is integrated into the India’s startup community.
The rise in startups across India not only opens up new jobs for budding entrepreneurs, it also suggests that India will see significant economical improvements in the future. America’s Silicon Valley is currently known for the world’s most renowned startups, but in a few years’ time, India could certainly begin to catch up.
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