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Communications of the ACM

India Region Special Section: Big trends

The Rise of the Indian Start-Up Ecosystem

individuals wearing shirts of Indian restaurant aggregator Zomato

Credit: Shutterstock

Walk into any one of the many start-up events organized across India, and inevitably the image of an Indian bazaar comes to mind: people rushing around, shouting, bargaining, answering phones with great excitement, laughing loudly, boasting, blushing, and generally being optimistic, as if they are at the beginning of a rising trend of well-being.

Such optimism might seem justified. According to data compiled by Fortune magazine,a from just eight 'unicorns' in 2015, the number of start-ups in India valued at more than $1 billion has grown to 26. What is interesting is that in 2018 alone, India added eight unicorns to the club.


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