India Startup Ecosystem TimeLine

The Indian startup ecosystem originated with software services startups serving Indian software needs, and later expanding to exporting software services. The next generation of Indian product startups had founders who had worked in these services startups, or were moving back from the Silicon Valley, having worked in product startups in the US. Venture Capital investments were kicked off by TDICI, a government entity, followed by other VCs from the Silicon Valley.

The third wave of startups were founded in the dot-com era, included marketplaces, e-commerce vendors, and portals. The fourth wave started around 2007-08, and comprised e-commerce, logistics, marketplaces, and advertising startups.

Ecosystem players such as TiE, NASSCOM, iSPIRT, and various incubators & accelerators such as CIIE, IIIT Hyderabad, Startup Village, 10000 Startups, Microsoft Ventures, have significantly increased the maturity of the ecosystem by providing a platform for entrepreneurs to learn and grow very quickly.

List of companies

Date Key Event Source
1968 TCS started
1981 Infosys started
1982 CyberMedia formed[1]
1986 Tally started[2]
1988 NASSCOM[3]
1988 First VC investment in India by TDICI[4]
1990 GVFC[5]
1991 STPI
1991 VSNL provides email
1992 iFlex founded[6]
1992 Newgen founded
1993 VSAT links allowed for pvt Internet links
1993 QuickHeal founded
1994 First Incubators - IITM Tenet Group
1995 VSNL provides public Internet access[7]
1996 Zoho Corporation founded
1997 APIDC [8]
1998 Intel Capital India[9]
1999 Fabmall, first Indian ecommerce site
1999 TiE Bangalore [10]
1999 ChrysalisCapital
2000 Westbridge Capital
2001 Foss.in
2004 Silicon Valley Bank sets up shop in Bangalore, invites US VCs to explore possibilities in India
2006 InMobi founded as mKhoj
2006 Pubmatic founded
2006 Bar Camp Bangalore [11]
2006 iFlex acquisition
2006 Mentor Partners and Morpheus - first Accelerators
2006 Helion[12]
2006 Cross border VC from India - Nexus [13]
2007 OCC Bangalore[14]
2007 Proto.in
2007 NASSCOM Product Conclave [15]
2008 Funding crossses 1B in one year[16]
2008 Travelyaari.com[17]
2011 India Internet Fund
2012 SlideShare acquisition
2012 Microsoft Ventures India
2013 Redbus.in acquisition
2013 iSPIRT founded[18]
2013 NASSCOM 10000 startups
2013 Gray Routes started[19]
2013 Flintobox Founded[20]

Areas of interest

Areas of interest include SW services industry, MNC product industry, HW/Semiconductor, Indian product industry, 1st Ecom boom, Industry bodies, Ecosystem events, Startup publications, Forums, Roundtables, Key startup founding date, Key acquisition/M&A dates, Incubators/Accelerators, 2nd ecom boom, 2nd funding boom, Corp VCs, VCs.

References

  1. "Cyber Media (India) > Company History > Media & Entertainment > Company History of Cyber Media (India) - BSE: 532640, NSE: CYBERMEDIA". Moneycontrol.com. Retrieved 2015-11-12.
  2. "SS Goenka, founder of Tally Solutions, dies". CIOL. Retrieved 2015-11-12.
  3. Indo-American Chamber of Commerce (IACC). "THE SOFTWARE JOURNEY OF INDIA AND THE ROAD GOING FORWARD | Indo-American Chamber of Commerce (IACC)". Iaccindia.wordpress.com. Retrieved 2015-11-12.
  4. "The Venture Capital Funds in India". Indianmba.com. Retrieved 2015-11-12.
  5. "GVFL Limited". Gvfl.com. Retrieved 2015-11-12.
  6. "i-flex solutions' Rajesh Hukku: 'No One Dreamed That $400,000 Would Become Almost $600 Million in 13 Years' - Knowledge@Wharton". Knowledge.wharton.upenn.edu. 2007-03-23. Retrieved 2015-11-12.
  7. "VSNL starts India's first Internet service today". dxm.org. Retrieved 12 November 2015.
  8. "Bizcircle.net | A company search service from The VCCircle Network". Vccircle.com. Retrieved 2015-11-12.
  9. "Intel Capital Investing in Global Innovation" (PDF). Intelcapital.com. January 2014. Retrieved 2015-11-13.
  10. "The Indus Entrepreneurs - Bangalore Chapter". LinkedIn. Retrieved 2015-11-12.
  11. "BarCamp / PreviousBarCamps". Barcamp.org. Retrieved 2015-11-12.
  12. "Home | Helion Ventures". Helionvc.com. 2015-10-05. Retrieved 2015-11-12.
  13. "Nexus Venture Partners". crunchbase.com. Retrieved 12 November 2015.
  14. "Google Groups". Groups.google.com. Retrieved 2015-11-12.
  15. "Yusuf Motiwala's Blog » Blog Archive » Barcamp Bangalore 5 & NASSCOM Product Conclave 2007". Blog.motiwala.com. 2007-11-25. Retrieved 2015-11-12.
  16. "Global venture capital insights and trends report 2011 - Venture capital perspectives - India - EY - Global". EY. Retrieved 2015-11-12.
  17. "How IIM-A incubatee is changing bus ticketing". .rediff.com. Retrieved 2015-12-24.
  18. "ISPIRT - Overview". Aihitdata.com. Retrieved 2015-11-12.
  19. Gulati, Sonam. "Mumbai-based mobility solutions startup Gray Routes raises $100K in angel funding". TECHCRICLE. TECHCRICLE. Retrieved 20 June 2016.
  20. "Flintobox Making Learning Fun". thehindu.com/. Retrieved 2015-05-25.
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