Timeline of Indian startup ecosystem


The Indian startup ecosystem originated with software services startups serving Indian software needs, and later expanding to exporting software services. The next generation of Indian product startups had founders who had worked in these services startups, or were moving back from the Silicon Valley, having worked in product startups in the US. Venture capital investments were kicked off by TDICI, a government entity, followed by other investors from Silicon Valley.

The third wave of startups were founded in the dot-com era, included marketplaces, e-commerce vendors, and portals. The fourth wave started around 2007–2008, and comprised e-commerce, logistics, marketplaces, and advertising startups. These startups are regularly covered by the online media platforms, which focus on start-up coverage like 'YourStory' and NextBigWhat'.[1]

In the 2010's, India saw a wave of SaaS companies being founded in India with products mainly sold to customers in the US and Europe. Notable examples include Freshworks, Chargebee, BrowserStack, CleverTap and Whatfix.[2]

Currently, Business simplifying startups such as Advisorate, ClearTax, GroMO and fintech startups are gaining prominence in India. The edtech startups are the next in line.

List of notable events


DateKey eventSource
1968Tata Consultancy Services (TCS) started
1981Infosys started
1982CyberMedia formed[3]
1986Tally Solutions started[4]
1988NASSCOM trade association founded[5]
1988First VC investment in India by TDICI[6]
1992i-Flex Solutions founded[7]
1995VSNL provides public Internet access[8]
1996Zoho Corporation founded
2006InMobi founded as mKhoj
2008Funding exceeds 1B in one year[9]
2010 Freshworks (formerly Freshdesk) founded [10]
2013Redbus.in acquisition
2013NASSCOM 10000 startups[citation needed]]
2018Flipkart acquired by Walmart[11]

See also


References