{"id":76409,"date":"2021-01-12T17:09:44","date_gmt":"2021-01-12T11:39:44","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=76409"},"modified":"2021-03-01T13:51:15","modified_gmt":"2021-03-01T08:21:15","slug":"1600-new-tech-start-ups-and-12-unicorns-in-2020-nasscoms-indian-tech-start-up-ecosystem-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/1600-new-tech-start-ups-and-12-unicorns-in-2020-nasscoms-indian-tech-start-up-ecosystem-report\/","title":{"rendered":"1,600 new tech start-ups and 12 unicorns in 2020: Nasscom\u2019s Indian Tech Start-up Ecosystem report"},"content":{"rendered":"<p><strong>News:<\/strong>\u00a0National Association of Software and Services Companies (Nasscom) has released the annual start-up report \u2018Indian Tech Start-up Ecosystem \u2013 On the March to Trillion Dollar Digital Economy\u2019.<\/p>\n<p><strong>Facts:<\/strong><\/p>\n<p><strong>Key Takeaways from the Report:<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-76404\" src=\"https:\/\/i1.wp.com\/blog.forumias.com\/wp-content\/uploads\/2021\/01\/NASSCOM-Report.jpg?resize=446%2C234&amp;ssl=1\" sizes=\"auto, (max-width: 446px) 85vw, 446px\" srcset=\"https:\/\/i1.wp.com\/blog.forumias.com\/wp-content\/uploads\/2021\/01\/NASSCOM-Report.jpg?w=446&amp;ssl=1 446w, https:\/\/i1.wp.com\/blog.forumias.com\/wp-content\/uploads\/2021\/01\/NASSCOM-Report.jpg?resize=300%2C157&amp;ssl=1 300w, https:\/\/i1.wp.com\/blog.forumias.com\/wp-content\/uploads\/2021\/01\/NASSCOM-Report.jpg?resize=150%2C79&amp;ssl=1 150w\" alt=\"NASSCOM Report\" width=\"445\" height=\"234\" \/><\/p>\n<p><strong>Source: NASSCOM Report<\/strong><\/p>\n<ul>\n<li>India has added 1,600 new tech start-ups and a record 12 unicorns in 2020 (the highest ever added in a single year).\n<ul>\n<li><strong>Unicorn:\u00a0<\/strong>It is a term in the business world to indicate a startup company valued at over $1 billion.<\/li>\n<\/ul>\n<\/li>\n<li>The Tech start-up base continues to expand steadily at 8-10%. Sectors, which benefited from covid-19, such as edtech, agritech and gaming, are seeing a steady rise in first-time funding.<\/li>\n<li>Remote working continues to see significant adoption amongst tech startups, with around 30-35 % offering remote roles and 15-20 % companies having committed to remote work culture.<\/li>\n<li>In 2020, 14% of total investments were in deep-tech startups up from 11% in 2019.Furthermore, 87% of all deep-tech investments were in artificial intelligence (AI) and machine learning (ML) startups.<\/li>\n<li>India will have at least 12 more unicorns in 2021 taking the total count to 50.<\/li>\n<\/ul>\n<p><strong>Core growth drivers for Startup\u2019s in 2020<\/strong><\/p>\n<ul>\n<li>Digital acceleration, and shift from moving from offline to online<\/li>\n<li>Vocal-for-Local provided market support for start-ups to thrive<\/li>\n<li>Remote work enabled start-ups to reduce burn whilst accelerating growth of new start-up hubs.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.livemint.com\/companies\/start-ups\/nasscom-sees-12-startups-joining-unicorn-club-in-21-11610069945008.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Article Source<\/strong><\/a><\/p>\n<p><span style=\"font-size: 14pt; color: #ff0000;\">Read Also :<a href=\"https:\/\/forumias.com\/blog\/current-affairs\/\" target=\"_blank\" rel=\"noopener noreferrer\">upsc current affairs<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:\u00a0National Association of Software and Services Companies (Nasscom) has released the annual start-up report \u2018Indian Tech Start-up Ecosystem \u2013 On the March to Trillion Dollar Digital Economy\u2019. Facts: Key Takeaways from the Report: Source: NASSCOM Report India has added 1,600 new tech start-ups and a record 12 unicorns in 2020 (the highest ever added in&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/1600-new-tech-start-ups-and-12-unicorns-in-2020-nasscoms-indian-tech-start-up-ecosystem-report\/\">Continue reading <span class=\"screen-reader-text\">1,600 new tech start-ups and 12 unicorns in 2020: Nasscom\u2019s Indian Tech Start-up Ecosystem report<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":76415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1351,1310,3127,1305,9],"tags":[1302,1403,1428],"class_list":["post-76409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-factly-articles","category-daily-news","category-daily-news-updates","category-economy","category-index-reports-bodies","category-public","tag-eco_7","tag-eco_71","tag-st_2","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/01\/1600-new-tech-start-ups-and-12-unicorns-in-2020-Nasscoms-Indian-Tech-Start-up-Ecosystem-report.jpg?fit=1280%2C720&ssl=1","views":{"total":0,"cached_at":"","cached_date":1700591844},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/76409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=76409"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/76409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/76415"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=76409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=76409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=76409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}