A startup is a company that is in its nascent stages and is working on raising funds through multiple sources to make its mark in the industry. Many of the startups in the recent past have been tech-enabled, founded by engineers or IIT/IIM graduates. India has a vibrant startup ecosystem, with a notable number of startups across different sectors such as e-commerce, healthcare and finance. The significant boom of the startup culture in India in the recent years can be owed to a multitude of factors, including, but not restricted to, the large consumer base, growing number of entrepreneurs and investors and access to various sources of funding like the government initiatives. Some examples of successful Indian startups which have gained national and global recognition include Flipkart, Paytm, Ola and Zomato. Despite the challenges such as regulatory hurdles, lack of infrastructure, and stiff competition, the Indian startup ecosystem is poised for further growth and development in the coming years.
