India’s startup party seems to be far from over with venture investments set to scale $5b in 2015: Nasscom

Photo: Priyanka Parashar/Mint

The Indian start-up ecosystem will see funding worth $5 billion by the year end, according to a latest report by software lobby group Nasscom released on Tuesday. This marks a 125% rise in funding from $2.2 billion last year.

In 2015, 1,200 new tech start-up were born in the country taking the total to 4,200, making India the third largest tech start-up ecosystem behind the US and the UK but ahead of Israel and China.

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