This is part of Microsoft’s report that showcases the top 151 enterprise ready startups in India and the 10 sectors that have demonstrated momentous growth.
The report focuses on B2B and B2B2C business models, taking market traction and external funding as indicators of growth.
Key findings of the report are:
1) 50% of the Enterprise Ready startups are in the Healthcare, Retail and Banking sectors
Driven by optimization, these three sectors have emerged as the biggest adopters of the enterprise technology solutions. Banking and Healthcare have proven to be the most receptive to startup solutions.
2) Data Sciences and Security startups find it easiest to find customers
This is driven by the broad base of customers and sectors that these startups can address natively. Disruption of technology has helped these businesses to build deep expertise and position them uniquely vis-à-vis other companies in multiple sectors and domains.
3) Startups catering to Banking sector find it easiest to raise funds
The startups catering to Banking sector are at the forefront of the digital transformation of India. India already has a billion mobile phone users, as well as a billion citizens with active bank accounts that are linked to their digital identities by way of Aadhaar.
The tremendous scope of opportunity these startups can leverage is one of the key reasons these startups are successful in attracting funding.
Download the report.