While competition got fierce in the smartphone sector with foldable phones launched by Samsung and Huawei, the startup ecosystem too got competitive.

India is now the third-largest startup ecosystem in the world, after the US and China.

According to YourStory’s nine-month funding report, homegrown Indian startups raised $7.67 billion in the nine months ended September 30, 2019, down by about four percent from the comparable period in 2018.

As far as the number of deals goes, startup funding deals were just three deals short of the total 606 deals seen in the comparable period last year.

Startup Bharat is a series of stories celebrating the entrepreneurial ecosystem in Tier II and III India. | To read full story, visit https://startuparound.com/read/1577754007.0658188/Looking-back-at-the-Indian-startup-ecosystem-in-2019?ref=audio_experience