Foreign businesses are becoming more confident that Indian startups can raise Rs 1 lakh crore this year

India's startup ecosystem is one of the most vibrant in the world. Indian startups can raise capital of around Rs 1 lakh crore this year. At the Startup Mahakumbh, Rajan Anandan, managing director of venture capital firm Peak It is expected that Indian startups can raise $8-12 billion (Rs 66,316 to Rs 99,493 crore) this year.

Anandan said, that before 2021, the investment amount in startups was $ 8-10 billion. This will jointly increase to $60 billion in 2021 and 2022. Last year the investment amount was seven billion dollars, which people said was less. It could also have been zero because six years of funding was available in two years. This year we are on track to invest $8-12 billion.

Amitabh Kant, former CEO of NITI Aayog, said, startups should focus on corporate governance and correct valuation to continue innovation and growth. On the concern of startups in the country, Kant said, such companies will have to take strict steps to become sustainable and prosperous in the long run. He said I have seen startups growing. Many of them have also been seen collapsing. Therefore, corporate governance is very important. The responsibility for this also lies with them. There is a need for self-regulation in the startup ecosystem of the country.

Giving the example of Israel, Kant said, that due to innovation there, the government itself buys products from startups. If such innovation happens, there will be additional opportunities for startups in India to get government contracts and boost economic growth. If the government can make the first purchase, it will be the biggest catalyst to drive huge growth in many startups.

The $10 billion in funding, or about Rs 80,000 crore, that the Indian startup ecosystem receives annually is significant. Approximately twenty Indian startups are currently listed on the stock market. In the following seven to eight years, their numbers are predicted to reach 100.

Interministerial discussions on the policy for intensive technology startups are nearing their conclusion. It will soon be put into practice. We will work to create a larger fund, stated Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT). For the good of the nation and themselves, startups ought to turn their inventions into intellectual property rights. Extensive research and development can be used to accomplish this.