Despite some figures being submitted after the May 30 meeting, the complete financial statement, including the profit and loss statement, was only provided on May 31
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The report further noted that India's household consumption nearly doubled in the past decade to USD 2.1 trillion last year, India is expected to surpass Germany (in 2024) and Japan (in 2026) to become the third-largest consumer market in the world
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Anbarasan announced that Global Startup Coordination Centres would be established in Singapore and the U.S. at a cost of Rs 1 crore, aiding Tamil Nadu-registered startups in expanding to global markets
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Additionally, Samant said, “The Union Government recently issued a list of startups in the last two years, out of which 8,300 are in Maharashtra, making it the number one state in the country"
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GlobalData's Deals Database analysis shows that from January to May 2023, India saw 475 VC deals with a disclosed funding value of USD 3.4 billion
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More than 110 deeptech startups were launched in these emerging areas in 2023, marking a twofold increase from 2022 and the highest growth in the last five years
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This figure marks a 4 per cent increase from H2 2023 but a 13 per cent decline from H1 2023. Despite this, India remains the fourth-highest funded country globally, trailing behind the US, the UK, and China
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Despite the dropouts, 38 new startups joined the index this year. Notably, travel aggregator ixigo went public with a USD 700 million valuation, skipping the gazelle stage after being identified as a potential unicorn in 2022
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With transparency as a core principle, Recur Club plans to deploy Rs 1000 crore through the Recur Scale program and an additional Rs 2000 crore via its Recur Swift program for startups in FY 24-25
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The seed fund, launched in April 2021, was allocated over four years to support eligible startups through incubators nationwide
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