Jaipriya K S,
Content Writer, siliconindia

Boasting over 112,718 DPII-registered startups, Indian startup ecosystem has seen an extraordinary growth in 2024. The annual growth rate of Indian startup ecosystem is estimated to remain powerful at 12-15%, freezing the position of India as a global startup leader. Indian startup ecosystem attracted over 150 billion in investments between the years 2014 to 2024. Taking the charge, the sectors such as fintech, e-commerce, and enterprise-tech have collectively contributed 52% of the total funding. The key startup hubs of India, Bengaluru, Delhi NCR, and Mumbai have stood high in the landscape by securing 89% of these total investments. Fueling the growth furthermore, the emerging sectors like semiconductor-tech and AI are also increasingly gaining investor attention with expected opportunities touching $17 billion by 2030. So here, let’s delve into the article to discover the 5 Top-performing Sectors of Indian Startup ecosystem-2024.

E-commerce: Reaching Rs. 7,591.94 billion in revenue, the e-commerce startups of India has redefined the industry with huge transformation with an annual growth rate of 11.45% with the anticipations indicating that the market of e-commerce could reach Rs.7, 591.94 billion by 2029. By the year 2029, the user base for e-commerce in India is expected to touch 501.6 million with an expected user penetration of 34%. Leading players like Flipkart, Nykaa, and Amazon continue to dominate the market. Notably, the announcement of Amazon’s $15 billion investment in India by 2031 has fueled the expectations on India’s e-commerce market. Other than these established companies, the budding players such as Smartworks, Mobikwik, and Ecom Express have also performed well through mega funding deals and announced their IPOs to raise further significant capital.

Funding Deal: Collectively, e-commerce startups in India have raised $5.2 billion through various levels of funding in 2024.