India has driven the growing Twitter conversation about startup ecosystems globally in the last 90 days, reflecting real-world discussions about the explosive growth of the country’s startup industry.
In 2015, Indian startups raised $16 billion in funding. As the economic value of healthy startup ecosystems becomes more clear, India will play a key role in telling that story.
There have been more than 200 million potential impressions and 29,849 mentions of startup ecosystems on Twitter. Take a look.
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29,849 mentions: The global startup ecosystem conversation on Twitter in three months.
The big spike in mid-January was driven by a story from The Next Web about how India is one of the world’s fastest growing startup ecosystems.
What’s causing the rapid growth? Money, for one, according to the article:
“Between 2010 and 2014, the infusion of VC and PE increased from $13 million to $1,818 million. Angel investment too has multiplied almost 8 times from $4.2 million to $32.2 million. The country is projected to have more than 11,500 startups by 2020.”
From 2010 to 2014, according to the World Bank, the number of new businesses registered in India in a year has jumped by 51%.
In addition to the injection of foreign startup capital, this massive growth has also been fuelled by measures introduced by Indian Prime Minister Narendra Modi. In January of this year, Modi introduced a $1.5 billion fund for startups along with tax breaks for business owners and investors.
Besides India, the global startup ecosystem conversation on Twitter is talking about: geographic regions (Asia, Europe, Silicon Valley and Spain) and entrepreneurship as well as smaller conversations around funding and fintech.
Here’s a visualization of the most used terms:
Other highly shared articles online about startup ecosystems include:
- Spain’s startup ecosystem shows big potential
- The Top Startup Ecosystem Newsmakers of 2015
- Despite Unrest, The Israeli Tech Ecosystem Is Flourishing
Frequently Asked Questions
Why was India driving the global startup conversation on Twitter in 2016?
In early 2016 India drove the growing Twitter conversation about startup ecosystems, reflecting the explosive growth of its startup industry. Indian startups raised $16 billion in funding in 2015.
How large was the global Twitter conversation about startup ecosystems?
Over three months there were 29,849 mentions of startup ecosystems on Twitter and more than 200 million potential impressions. A big spike in mid-January came from a Next Web story on India's fast-growing ecosystem.
How fast did investment in Indian startups grow between 2010 and 2014?
According to The Next Web, VC and PE investment grew from $13 million to $1,818 million, and angel investment rose almost eightfold from $4.2 million to $32.2 million. India was projected to have more than 11,500 startups by 2020.
What did Prime Minister Narendra Modi do to support startups?
In January 2016 Modi introduced a $1.5 billion fund for startups along with tax breaks for business owners and investors. The World Bank also reported new business registrations in India rose 51% from 2010 to 2014.
What other topics featured in the global startup ecosystem conversation?
Besides India, the conversation covered regions such as Asia, Europe, Silicon Valley and Spain, along with entrepreneurship and smaller discussions about funding and fintech.