Startup India And Foreign Investments - The Lucrative Factors For Indian Startup Ideas By CIOReviewIndia Team

Startup India And Foreign Investments - The Lucrative Factors For Indian Startup Ideas

CIOReviewIndia Team | Wednesday, 20 January 2021, 15:57 IST

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2020 was a year full of ups and downs for the Indian economy and its livelihoods. Due to the pandemic, caused by the novel coronavirus, the offline market went online and India’s GDP reached a record contract by 7.7 percent during the 2020-21 fiscal when the pandemic impacted the manufacturing and services sector.

In the upcoming Budget, it is predicted there will be a boost for domestic manufacturing in different sectors, aligned with the Government of India’s decisions on creating a self-reliant India.

Now, in 2021, recently on January 16, the Indian Prime Minister, Shri Narendra Modi announced a seed fund amounting to Rs. 1,000 crore for startups to set-up and realize their business plans. The respected PM also launched a dedicated television show, known as ‘Startup Champions’, which will be telecasted on the public service broadcaster Doordarshan (DD).

Narendra Modi addressed the BIMSTEC countries at the Startup India’s international summit Prarambh, saying that the Government is inching towards important steps for ensuring that India’s startups are not devoid of any capital funding.

Modi said, “To provide initial capital to startups, the country is launching a Startup India seed fund worth Rs 1,000 crore. This will help to start and grow new startups. Through the Fund of Funds, startups are already receiving assistance to raise equity capital. Going forward, the government will also help startups to raise debt capital by providing the guarantee.”

The majority of investor believes that for the best of the founders in the startup culture, will utilize the granular positivity out of COVID pandemic to gain momentum in the economy. Shielding the cause, renowned investing houses came forward to rescue.

It is expected that foreign investors will aim for Indian startups that present innovative solutions to the floor problems by developing solutions and owning them instead of searching outside the boundary.

The sectors like healthcare, biotech, edtech, and agritech at this hour are recognized as the game-changing sectors for India.

The sectors mentioned in the previous paragraph hold the scalability for startups that can present impeccable solutions. Realizing that Digital India this decade will be the prime focus of every business, profits from these sectors will not be marginal. Therefore, investors will take hold of this opportunity and ensure the ingenious growth of the startups.

Experts state that the digital transformation will be an exponential growth. Software-as-a-Service, fintech, and e-commerce are the other verticals where investors would bet the best.

Back in 2011, InMobi’s Founder and CEO, Naveen Tewari, who is recognized as India’s startup capital Bengaluru’s center attraction, with the achievement of a distinguishable feat of establishing two billion-dollar startups, with his advertising technology startup, InMobi, was the first to acclaim $1 billion startup-value status in India after receiving whopping funding of $200 million from the legendary investor Masayoshi Son’s SoftBank.

And just a few weeks back, in the previous month, Naveen, alongside his team continued to stay at the top when InMobi’s subsidiary Glance, which is a two-year-old mobile content startup, became a billion-dollar company after raising a fresh round of funding from the world’s search giant – Google, and existing investor, Mithril Partners.

Hence, it is predicted when funding is concerned, investors not only search for innovative and unique tech plans but also look around for interesting differently layered marketing content!

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