Technology and Business Services
Indian startup ecosystem slips 6 places in startup blink report
01 Jun 2020
1 min read
As India tries to ensure a better ranking in Ease of Doing Business, a StartupBlink report for 2020, which tracks startup ecosystems, revealed a big fall in its business score. However, the report put India’s quantity and quality score high.
- India slips from 17th rank in 2019 to 23rd in 2020
- India now has only four cities in the top 100 startup cities globally
- One positive change is the entry of Indore in the list at 419th rank
A recent survey by Praxis Global Alliance concluded that 37% of the Indian startup CEOs interviewed only had six to 12 months of cash reserves left. The widespread uncertainty in the market clubbed with the curbing of Chinese capital inflow in the economy has resulted in an overall slowdown in the venture capital deal flow in the Indian startup ecosystem.
This article was originally published on Inc42. Read more.
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