Breaking out: How India’s startup ecosystem is expanding beyond online retailers and cabs

Breaking out: How India’s startup ecosystem is expanding beyond online retailers and cabs

Reuters After nearly a decade of e-commerce and ride-hailing dominating the ecosystem, business-to-business, or B2B, startups in India are finally having their day in the sun. Nearly half the firms founded in the country in 2017 operate in the B2B space, according to report by IT industry lobby Nasscom and consulting firm Zinnov released on November 2. In all, B2B startups now make up around 40% of the Indian startup ecosystem. “The growth of B2B startups is being driven by fintech, health tech, and B2B enterprise products,” the report said. The trend is supported by an increase in the […]