The Next Big Leap

16 | The Next Big Leap [ OVERVIEW OF START-UP ECOSYSTEM IN INDIA ] INDIAN START-UP ECOSYSTEM - SNAPSHOT FY23 was a turbulent year for the Indian start-up ecosystem, led by the drying up of capital inflows amidst rising economic uncertainties and geo-pol i t ical tensions. Start-ups showed significant resilience on the back of strong domestic economic fundamentals. Nonetheless, global economic headwinds were seen impacting start-ups in terms of decline in funding, layouts, and M&A. Against this backdrop, Dun & Bradstreet India has analysed 178 start-up companies onkey enabling factors, key challenges, disruptive technologies, trends, etc. key enabling factors in the success of a start-up in the next five Years Source: Dun & Bradstreet India Major challenges faced by Indian Start-ups for the next five years Source: Dun & Bradstreet India Indian start-ups have spearheaded their businesses by introducing new innovative products to the market. The focus on innovation and meeting unique local needs can be validated by the fact that over 80% of the respondents have mentioned that innovative and scalable products/ services and a strong customer- centric approach will remain their key enabling factors for success in the next 5 years. This continued focus of start-ups on innovation will strengthen their resilience during economically turbulent times. Dun & Bradstreet