Funding for Indian startups has grown exponentially to $155 Bn in 2024 from $8 Bn in 2016, according to the Department for Promotion of Industry and International Trade (DPIIT)👇

Highlighting the success of the Startup India initiative during a press briefing yesterday (January 10), DPIIT secretary Amardeep Singh Bhatia said that over the last nine years, the number of startups in the country has surged to over 1.58 Lakh from just 400 in 2016, ANI reported.

Of these, 48% of startups are based in Tier II and III cities, signalling that “entrepreneurship is no longer confined to metropolitan hubs,” DPIIT joint secretary Sanjiv Singh reportedly said.

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