Addressing a programme marking a decade of the Startup India initiative at Bharat Mandapam here, he assured that the government stands firmly with startups in every effort, expressing deep faith in their courage, confidence, and innovation, which are shaping India’s future.
Over the past decade, Indian startups and emerging enterprises have attracted more than $150 billion in private investment, spanning venture capital, private equity, and growth funding, placing India among the largest startup investment destinations globally.
Indian startups continued to attract steady investor interest this week, raising a total of $97.45 million across 26 deals.
Indian startups raised a total of nearly Rs 13,800 crore ($1.65 billion) in February this year, a 19.5 per cent increase from nearly Rs 11,460 crore ($1.38 billion) in January, according to a new report.
The Department for Promotion of Industry and Internal Trade (DPIIT) has formed a landmark partnership with the Startup Policy Forum (SPF) to establish India as a global hub for innovation and entrepreneurship.
As AI continues transforming sectors like healthcare, finance, manufacturing, and education, implementing proactive measures to ensure its responsible development is crucial, they emphasised.
Moreover, 13 early-stage startups secured funding worth $33 million during the week.
In its message to Indian Startups, the Confederation of Indian Industry (CII) asked them to keep their valuation realistic and distinguish between the organization's and its founder's goals.
The Indian startups continued to raise funds at a normal pace, and last week, 22 startups secured over $447 million in the country.
At current valuations, it translates to approximately 4.5x return for VCs on their investments, the report mentioned.
