Startups


    Start-ups in India

    India has emerged as a hub for start-ups in recent years, with a growing number of entrepreneurs and investors looking to tap into the country's vast potential. The Indian government has also taken several initiatives to promote start-ups, including the launch of the Start-up India program in 2016.

    Some of the popular start-up sectors in India include e-commerce, fintech, healthtech, edtech, and agritech. The country's large population and growing middle class provide a huge market for these sectors.

    Challenges and Successes

    One of the biggest challenges for start-ups in India is access to funding. However, there are several venture capital firms, angel investors, and crowdfunding platforms that are actively investing in Indian start-ups.

    Some of the successful start-ups in India include Flipkart, Ola, Paytm, Zomato, and Byju's. These companies have not only disrupted their respective industries but have also attracted significant investments from global investors.

    Overall, the start-up ecosystem in India is rapidly evolving, and with the right support and resources, it has the potential to become a major player in the global start-up landscape.

    Start-up India Action Plan

    Under the Start-up India Action Plan, the Indian Government has notified the definition of Start-up under G.S.R. notification 127 (E) dated February 19, 2019. As per the definition, an entity shall be considered as a Start-up if it satisfies the following criteria:

    • The entity is incorporated/ registered as: - a private limited company; or - a partnership firm; or - a limited liability partnership.
    • If already incorporated/ registered, the entity is less than 10 years old.
    • The Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.

    Start-up Accelerators and Incubators

    A Start-up accelerator is a mentorship program, usually spanning over 3-6 months, that gives Start-up entrepreneurs legal and financial assistance, seed funding, networking opportunities, and office space in return for equity/ownership. Mentorship and instructions offered by mentors and industry professionals often prove to be extremely beneficial to start-ups that focus on rapid and global expansion.

    A Start-up incubator helps in mentorship and support programs for Start-ups and small business enterprises that help in initial development and growth. Although similar to Start-up accelerators, there are few significant distinctions in Start-up incubators. Incubators, as the name implies, function as a "nursery" that provides seed funding. They are comparatively flexible or less stringent in their application process and do not adhere to any specific time frame.

    Ask Our Advisor

    • Validity of "Start Up" Recognition
    • Can existing Entity register itself as Start Up
    • Obtaining Registration certificate for the Start Up
    • Dividing Equity among co-founders of Start Up
    • Registration of Company under Start Up India Program, under the Limited Liability Partnership (LLP) or under Private Limited Company
    • Post Incorporation compliances for a Start Up
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