Seed funding for startups fell over 20 percent to USD 200 million in 2019 according to a startup report by NASSCOM. The drop is despite the government moving to address concerns around angel tax.
On the other hand, overall funding has increased marginally with USD 4.4 billion being pumped into startups in 2019. We added 7 unicorns this year taking the tally of Indian unicorns to 24. Also, the projections for 2025 show that startups will employ 5 million people by then.
Startup Street is was present at the 16th edition of the NASSCOM Product Conclave 2019 in Bengaluru. On the sidelines of the conclave, NASSCOM hosted the eighth edition of the Emerge 50 League of 10 awards. The attempt was to recognise information technology products and services organisations that are redefining the benchmarks for the industry. Out of 600 nominations received, 10 startup's made it to the top of this list.