“Startup” - a word everyone must have heard some way or the other whether it’s from your children saying let’s buy grocery online to investing in stock markets. 2020 & 2021 have seen a significant boom in India’s startup ecosystem in the young, brilliant, and experienced minds solving the day-to-day life problems with their unique products and Rajasthan is not behind in this race. As per Rajasthan Government, Startups in Rajasthan raised over Rs 200 crore funding, some of the prominent ones are Deal share, Fleece, Medcords to name a few from some of the big investors like Bridgestone, Westbridge, and Rajasthan Venture Capital Fund.
According to the Economic Survey 2020-21, India is home to over 41000 startups which combined generated over 4,70,000 jobs, and in April-June 2021 along India has received funding of over 6.5 billion dollars.
This picture of long India is a consolidated effort of all the stakeholders involved whether its, central and state governments, academic institutions, business, and corporates. In recent times the government has taken several measures like broadening the definition of startup (less than 10 years of operations and has an annual turnover of fewer than 100 crores), simplifying regulations, providing tax exemptions, and setting up a Rs 10,000 crore Fund of Funds for startups operated by Small Industries Development Bank of India (Sidbi) while big companies and corporate increasingly seeking to engage and invest in open innovations are bringing paradigm shift and acting as a key driver in the growth of India’s startup ecosystem and that’s why we are calling it Long India (means you are optimistic and confident on Indian Economy)
One of the key intangible drivers of this growth is the changing perspective towards entrepreneurship where the institutions and environment (from family and friends) is supporting risk-takers to take a step forward towards their passion and follow dreams