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India’s startup ecosystem continues to evolve at a rapid pace. Over the past few years, digital adoption and the rise of various e-commerce platforms have played a vital role in increasing our youth’s inclination towards startups. Today, 95% of Indian districts are home to at least one startup, and that is something to be proud of.
Besides these factors, multiple government initiatives and policies, better funding opportunities, and tech innovation across industries continue to significantly contribute to the growth of Indian startup culture. In the past few years, a handful of startups have been able to do a successful IPO, thus giving healthy returns to their investors while also strengthening the road to IPO for others.
Though the access to funding has improved for startups, it also remains a core challenge, in addition to other hurdles such as complex regulatory landscapes, attracting the right talent and retention, and an intense competitive environment.