05/13/2019

B2B Startups Jump Four-Times to 3,200 in 2014-18

The number of business-to-business (B2B) startups has jumped four times to 3,200 in 2018 from 800 in 2014, enabling faster growth of the ecosystem, attracting investments worth USD 3.7 billion from USD 797 million, during the period, says a report. However, this has been mostly centered around Bengaluru, Mumbai and Delhi-NCR, says a report by Netapp, a leading player in data management and hybrid cloud services, and global management consulting firm Zinnov. The concentration of this ecosystem in to these three cities can be largely be attributed to the spurt in the need for digital transformation of enterprises, financial institutions, hospitals, government, SMEs, the report said.

Note: The coverage is based on a wire flash by Press Trust of India basis NetApp – Zinnov study.

Blog Source: Financial Express, Livemint, Times Now, Moneycontrol, Business Today, The Week