<h5>What is a start-up?</h5>  <p>Think of all the cool things that exist today that didn’t, just a few years ago. Whether you want to have farm-fresh veggies delivered to your home or pay a local store using your mobile phone; whatever your need or desire, chances are that a start-up exists to fulfil them. So what exactly is a start-up?
A start-up is a new company that’s in the early stages of its operations. The person who creates a start-up is called an entrepreneur. An entrepreneur is someone who starts a business based on their idea and tries to turn it into a product or service that people will buy or use.
It sounds cool and fun to launch a start-up, but remember, they are very risky. An entrepreneur has to put a lot of money into their start-up with no guarantee that it will be successful. Despite its high chance of failure, India is one of the best places in the world for entrepreneurs to create start-ups.</p> <h5>How come India’s start-up scene is so awesome?</h5> <figure>
        <img src="https://firebasestorage.googleapis.com/v0/b/newsahoot.appspot.com/o/what-is-indias-booming-startup-culture-all-about%2Fwhat-is-indias-booming-startup-culture-all-about-section1.jpg?alt=media&token=f8e72272-652b-4009-8f9f-c596d96183fa" alt="How come India’s start-up scene is so awesome?" >
        <figcaption>An entrepreneur staring at a wall filled with notes of his ideas. Photo by Per Loov / Unsplash.</figcaption>
      </figure> <p>India is the world’s third-largest start-up ecosystem, right after the USA and China. In 2016, there were 733 new start-ups in India. In 2021, the number of new start-ups in India was 14,000! The total number of start-ups in the country, according to the Government, is over 72,993.
What these numbers show is that start-ups are very popular in India. Let’s look at some of the reasons why India is such a wonderful ecosystem for start-ups:
1. Large market: Our population of 1.3 billion people is working to our advantage here. Such a large and diverse group of people have many needs and desires. Entrepreneurs are always looking for ways to solve our problems.
2. Rise of the internet: India has the second-largest internet user-base in the world. This makes it easier for entrepreneurs to communicate with Indians and sell them their products and services.
3. Government Help: The Indian Government has come up with various solutions and policies to encourage entrepreneurs to create start-ups.
Due to these supportive conditions, 42 start-ups became unicorns in India in 2021.</p> <h5>Wait, unicorns are real?</h5>  <p>Yep, but not the fantastic horses with a horn on their heads (although we do wish they were)!</p>
<p>
A unicorn is a start-up that is worth $1 billion (that’s around INR 7,500 crores). Since unicorns are super-duper successful start-ups, there’s only a limited number of them around the world. India has over 100 unicorns.</p> <h5>Did you know about these awesome start-ups created by kids?</h5>  <p>Grown-ups don’t get to have all the fun. Some entrepreneurs in India are children who are just a little older than you.
One of them is a teenager named Tilak Mehta who started a courier company named ‘PapersNParcels’. Advait Thakur started a technology company called Apex Infosys India when he was 15. Srilakshmi Suresh launched a technology company named eDesign Technologies when she was just 11!
Do you have an idea that you want to turn into a start-up?</p>

India is considered one of the best countries in the world for start-ups! How did India’s start-up scene get so awesome? Let’s find out.

India’s Booming Start-Up Culture

Hootcoins for this article have expired!

Justice U.U. Lalit Becomes the Next Chief Justice of India

When Is 5G Coming to India?

Twitter Takes the Government of India to Court

India’s Booming Start-Up Culture

Hootcoins for this article have expired!

Did you read these articles?

Justice U.U. Lalit Becomes the Next Chief Justice of India

When Is 5G Coming to India?

Twitter Takes the Government of India to Court