“Around three-fourths of respondents were from the states of Karnataka , Maharashtra, Telangana , Delhi, and Tamil Nadu Start-ups in six sectors: agriculture, data & analytics, education, health, IT consulting/solution and manufacturing accounted for nearly 50 percent of the survey respondents.
“Nearly 70 percent of the surveyed were set up in the last three years while over 86 percent of them were privately set up.
“Private efforts spearhead the start-up sector in India,” RBI said.Other interesting findings of the survey include that nearly 60 percent of the surveyed start-ups had intentions of getting listed in the next five years while about 30 percent of them were seeking attractive acquisition deals in bigger firms.
About 10 percent of the companies owing to the tough market and funding environment said it had intentions to exit their businesses.“Some of the constraints cited by the start-ups pertained to access to new markets, finance and lack of skilled labour/technology/talent/distribution channel,” RBI said.
“Future plans of the start-ups included hiring staff for supporting business expansion, getting listed on the Indian stock exchanges and seeking acquisition, among others.” | To read full story, visit https://startuparound.com/read/1577809807.9723866/Family-and-Friends'-primary-source-of-funding-for-Indian-start-ups:-RBI-survey?ref=audio_experience