Startup of the Year - 2016
Date: Sunday , October 09, 2016
The startup ecosystem continues to grow on a worldwide scale and 2016 has no interruption, in fact an extra push forward. Startups thriving all over the world, every year it becomes more apparent that Silicon Valley is no longer the only startup hub around. Since 2010, the Indian technology startup landscape has seen a prodigious growth towards creation of innovative startups and this country, a home to a new breed of young startups, has clearly evolved to become the third largest base of technology start-ups in the world as a collaborative effect of government\'s successive campaigns such as Startup India, Digital India and Make in India.
Even though the first half (H1) of 2016 lacks a bit (total influx $2.1 billion) from H1 2015 ($3.5 billion) in terms of startup funding, India is well-expected to continue growing as a startup incubator, driven by factors such as massive infused capital, acquisitions and consolidations, increasing Internet and smartphone penetration, and an ever growing domestic market. The India-centric innovations has worked big time for these pristine and a few Indian startups have been able to scale up as rapidly and expansively to build a truly global business, while also being profitable. Those superstars who could combat even with the heritage organizations have been the face of Indian business � technology ecosystem this year.
In this issue of siliconindia, we have listed �Startup of the Year � 2016�. The startups we have chosen thrive with all the aforementioned qualities, especially the vibrant innovation plinth and the passion to excel in their fields. siliconindia�s editorial board scrutinized the index through frequent discussions with a renowned panel of industry�s topmost CEOs, directors, VCs, and industry analysts, throughout the year. We hope these success stories will serve as an enabler for entrepreneurs to step forward and ignite the spark.