The Indian startup ecosystem is being propelled by a 123 per cent rise in the country’s active investor count, IT industry body NASSCOM and Zinnov Consulting said in a new report.
“Number of active investors grew from 220 in 2014 to 490, (reflecting a) growth of about 123 per cent over 2014,” the report titled ‘Start-up India – Momentous Rise of the Indian Start-up Ecosystem’, said.
The number of accelerators/incubators in India grew by 40 per cent to 110 this year as compared to 2014.
On the other hand, the country’s angel investor count grew by over 150 per cent to 292 from 115 last year, the study found.
Rajan Anandan (Google Asia Pacific chief) and Ratan Naval Tata (former chairman of Tata Sons) are two of India’s most active angel investor. As on September 3, Tata had made 16 personal investments in startups while Anandan had put money in 29 startups.
Source : http://techcircle.vccircle.com/2015/10/14/indian-startups-benefit-from-rapid-surge-in-investor-count/