National Startup Day 2024 – Celebrating Entrepreneurial Hustle and Visionary Spirit

Indian Startup Inc shines brightly and is poised for an astounding leap in growth trajectory, having generated over 9 lac jobs in the past 5 years. In 2022, Indian startups bagged a whopping $42 billion in funding, a super impressive jump from the previous year’s $16 billion which is a strong testament to the investors’ firm belief, thereby emphasizing their major role in India’s ambition to hit $5 trillion economy goal.

Why National Startup Day?

16th January, the remarkable founding day of Startup India is observed as the National Startup Day, since 2022

What is Startup India?

The Department of Industrial Policy and Promotion (DPIIT) launched Startup India initiative on 16th January 2016 with an aim to support the entrepreneurial vision and build a prosperous startup ecosystem to strengthen India as a hub of job creation. From 340+ startups in 2016 to 1,15,000+ startups in 2023, this initiative has been playing an integral role in steering the growth story.

Startup India Initiative – Its objective and benefits for eligible companies

The aim is to accelerate Startups through enhanced focus on core business, reduced regulatory burden and min imizecompliance costs. To summarize the manifold benefits under this initiative, eligible startups will be able to self-certify compliance for 6 Labour Laws and 3 Environmental laws through simple online process. Exemptions on IT and Capital Gains Tax along with formation of numerous incubators, innovation labs, grants, events and the like.

For more information, please visit the official site of Startup India.

National Startup Day 2024 – Agenda

Promising opportunities, insightful expert sessions, celebration of knowledge exchange and inclusive growth strategies for India’s burgeoning Startup ecosystem – Stay glued to explore limitless avenues.

Year 2024 – Indian Startups likely to go public

This illustrious fraternity of future-ready startups are eyeing 2024 to raise IPO. Among them, the talked about are Ola Electric, FirstCry, Awfis, Unicommerce, Aakash (Byju’s), PhonePe, Oyo, PharmEasy, Swiggy, PayU India and Mobikwik.

Disclaimer: Please refer to official sites for updated news on IPO and market related information

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