Indian start-up ecosystem becomes more competitive with increasing investor interest
This year there has been a 1.5x increase in the number of PE investors backing tech start-ups
Adding over 1300 start-ups in 2019, India continues to be the third largest start-up ecosystem across the world
BENGALURU : Private equity investors in India are beginning to grow an appetite for investing in tech start-ups. PE investors typically invest in growth and late stage companies that have tangible assets. This year, however, there has been a 1.5x increase in the number of PE investors backing tech start-ups, from 40 in 2018 to 60 in 2019, according to a Nasscom report on the Indian Tech Start-up Ecosystem – Leading Tech in the 20s, released on Tuesday on the side-lines of the of the 16th Anniversary Edition of NASSCOM Product Conclave 2019 in Bengaluru.