Journal of Community Mobilization and Sustainable Development

  • Year: 2024
  • Volume: 19
  • Issue: 3

Landscaping of Indian start-ups ecosystem with a special focus on agriculture

  • Author:
  • Pavan Kumar Kumawat1, Akriti Sharma1,*, Alka Singh1, K.V. Praveen1, Girish Kumar Jha2, Swati Singh3
  • Total Page Count: 12
  • Published Online: Jan 17, 2025
  • Page Number: 712 to 723

1Indian Agricultural Research Institute, New Delhi

2Indian Agricultural Statistical Research Institute, New Delhi

3ICAR-National Dairy Research Institute, Karnal, Haryana

Abstract

The Indian start-up ecosystem has evolved significantly, marked by a rapid increase in the number of unicorns and a substantial rise in funding. Indian start-ups are projected to generate 3.25 million jobs by 2025, with an estimated investment of $150–200 billion during 2021–2025. The number of unicorns is forecasted to increase from 108 in 2022 to 250 by 2025, highlighting the sector’s robust growth. At the same time, the Indian start-up ecosystem has expanded with over more than one lakh DPIIT recognized start-ups, including 102 Soonicorns valued at $34 billion in 2023. India, with its agrarian roots and burgeoning start-up ecosystem, is witnessing a remarkable surge in agribusiness start-ups, positioning itself as a global player in the sector. This study delves into the dynamic landscape of Indian start-ups, focusing specifically on the agribusiness domain. Drawing data from various sources, including the Start-up India platform, Inc42 reports, and industry reports, the research covers the period up to May 2023. Agribusiness start-ups, in particular, are thriving, with the sector poised to unlock a market opportunity exceeding $20 billion by 2025. This growth is fueled by innovations in market linkages, precision agriculture, farm management, and financial solutions. Funding for agribusiness start-ups has experienced an impressive Compound Annual Growth Rate (CAGR) of 49% from 2014 to 2021, outpacing the global rate. This research identifies key trends, sectors, and funding patterns in the agribusiness start-up landscape, offering insights into the mechanisms supporting these ventures while providing a policy directive to fuel agribusiness startup ecosystem with more effective agents.

Keywords

Indian start-up, Start-ups ecosystem, Agri-start-ups, Landscaping study