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Report by NAASCOM Reveals Addition of over 1,300 Start-ups in India in 2019

While Bengaluru, Delhi-NCR, and Mumbai are home to 55-58 per cent start-ups in India, Jaipur, Ahmedabad, Kolkata and Kochi are the emerging start-up hubs in the country, said the report that Nasscom brought out in collaboration with global management and strategy consulting firm Zinnov

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Over 31 million people of Indian birth or descent are part of the Indian diaspora spread around the world. Of them, 3.1 million, or 10 per cent, are Indian-Americans living in the US.
The start-ups by Indian immigrants increased seven per cent over the prior period and a full 33.2 per cent of all start-up companies were founded by Indian Americans. Pixabay

India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US, according to a new report from industry body National Association of Software and Services Companies (Nasscom).

The total funding received by start-ups in 2019 stood at $4.4 billion, said the report, adding that total investment in the start-up ecosystem increased by 16 per cent year-on-year in 2019.

The cumulative valuation of the start-ups has now crossed $55 billion. The addition of 7 new unicorns in 2019 has brought up their overall number to 24, according to the report titled “India’s Tech Start-up Ecosystem”.

These 7 unicorns are Pune-based software company Icertis, Bengaluru-based Ola Electric, Delhi-based logistic courier service provider Delhivery, Gurugram-based cargo service Rivigo, Pune-based data protection and management-as-a service Druva, Mumbai-based fantasy sports platform Dream11 and Bengaluru-based online grocery store BigBasket.

The Indian start-up ecosystem has the potential to grow four times by 2025, it added.

Technology, Entrepreneurship, Resources
The approach is to create a bridge between the ‘physical’ and the ‘digital’, and between rural and urban through well-designed platforms, thereby amplifying the possibilities for creating start-ups across the country. Pixabay

“There are multiple levers propelling this remarkable growth of the ecosystem that are bolstering the Indian start-ups as well as creating an environment conducive for continued innovation,” said Nasscom president Debjani Ghosh.

“What stands out most starkly in this report is how various elements of the ecosystem are coming together in symphony to give rise to an orchestra of innovation – right from government support, evolution of the investor landscape, increase in participation from the corporates, growth of national digital infrastructure, to incredible global exposure,” she said.

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The report showed that during 2014-2019, an estimated 8,900 to 9,300 start-ups were born, with their overall base growing at 12-15 per cent year-over-year.

While Bengaluru, Delhi-NCR, and Mumbai are home to 55-58 per cent start-ups in India, Jaipur, Ahmedabad, Kolkata and Kochi are the emerging start-up hubs in the country, said the report that Nasscom brought out in collaboration with global management and strategy consulting firm Zinnov. (IANS)

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Google Announces New Prepaid Plans for YouTube Premium & Music

New Prepaid Plans Unveils for YouTube Premium and Music Premium in India

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Prepaid plans for YouTube Premium and Music Unveils
YouTube Music and YouTube Premium respectively offering premium and ad-free music streaming and content with their Prepaid plans. Pixabay

US-based search engine giant Google has announced new prepaid plans for YouTube Premium and YouTube Music Premium for users in India.

YouTube launched YouTube Premium and YouTube Music in India last March and while at the time users could only subscribe to a monthly plan.

Now, users will be able to purchase one-month or three-month prepaid plans for YouTube Premium and Music Premium in India.

“With these new plans for India, users can now purchase prepaid plans without enrolling in an ongoing subscription and enhance their viewing and listening experience with all the paid membership benefits for the period that they pay for,” the company said in a statement on Monday.

New prepaid plans announced by google
Social media apps allow users to connect and interact. Pixabay

The new YouTube Music prepaid plans in India start from Rs 109 for a month and Rs 309 for a period of three months.

The YouTube Premium prepaid plan, on the other hand, is priced at Rs 139 for one month and Rs 399 for three months.

ALSO READ: Google CEO Sundar Pichai Bets Big on YouTube For Future Growth

YouTube Music Premium offers ad-free music, download any song for offline playback, listen to music in the background while accessing other apps and YouTube Premium offers all the benefits of YouTube Music Premium.

Google says that prepaid plans can be purchased with credit or debit card using Visa or Master-card and the YouTube Premium page reads “many forms of payment are accepted”.(IANS)