Jaipriya K S,
Content Writer, siliconindia

Over the last decade, the startup ecosystem of India has undergone a dramatic growth, redefining from a budding sector to an international powerhouse for innovation. In 2024, India has positioned itself as a third largest startup ecosystem in the world with more than 128,000 startups, 110+ unicorns, 1200+ accelerators and incubators, 5000 angel investors and 1400+ venture capital firms. The year witnessed significant investments from domestic as well as global investors where the capital infusion has greatly fueled the growth of inventive startups across diverse industries.

Government’s Support to Startups

In the success phase of Indian startup game, the contribution of Indian government plays a major role in supporting the startups through valuable initiatives like Digital India and Startup India. Especially, in the last interim budget, significant policy reforms such as the abolition of the angel tax have boosted the confidence among investors and crafted a more lucrative environment for startups.

Leading Innovators of the Year

The ground-breaking startups selected as ‘Startup of the Year’ in India have set themselves apart from the curve by launching pioneering solutions that addresses real-time problems with their extraordinary core expertise. To offer the finest products and services to their users, they have tapped all the possibilities to enhance the efficiency and accessibility using the advanced technologies such as blockchain, AI (artificial intelligence), and IoT. Their unique approach has prominently disrupted traditional sectors in a positive way and paved the way further for new opportunities in the market.

Dedicated to empower businesses to achieve their financial goals by providing personalized investment opportunities, Moneytecture is a professional platform of private wealth management services in India. Their core values that highlights their mission are tailored strategies, best market opportunities for investment, informed decisions, long-term support for financial growth, and personalized wealth consulting.

Established by a talented group of friends with inspiring ideas, Abhiwan Technology is a prominent provider of ground-breaking technologies and services. They offer streamlined and scalable solutions for businesses at all sizes. They have proven record of successful product development and a range of full cycle software development. With their extremely responsive industry-specific IT solutions, they have solved numerous issues in businesses.