52,391 entities recognised as startups, 53 unicorns currently in India
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/f327853a353438809eb8b41600e3ce7e.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
India's startup ecosystem, which is widely considered as the third largest globally, has a total of 52,391 recognised entities as of July 14, 2021, Parliament was informed on Wednesday.
The startups are recognised by Department for Promotion of Industry and Internal Trade (DPIIT) and as of July 14, more than 5.7 lakh jobs have been reported by more than 50,000 startups, Minister of State for Commerce and Industry, Som Parkash, told the Lok Sabha in a written reply.
As per industry estimates, there are 53 unicorns currently in India, with a tentative valuation of Rs. 1.4 lakh crore, he said, adding that valuation of a company is a market driven exercise and the data of individual companies is not maintained by the DPIIT.
He said that the Startup India initiative is a flagship initiative of the Centre which aims to build a strong ecosystem for nurturing innovation and startups in the country. A 19-point Startup India Action Plan was launched in January 2016 which paved the way for the introduction of a number of policy initiatives to build a strong, conducive, growth-oriented environment for Indian startups.
The Prime Minister unveiled Startup India: The Way Ahead at 5 years celebration of Startup India on January 16, 2021 which includes actionable plans for promotion of ease of doing business for startups, greater role of technology in executing various reforms, building capacities of stakeholders and enabling a digital Aatm
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/96890f318253fd9f9b6129c9f3855d7e.jpg)
PM GatiShakti an effective mechanism for fast-tracking infrastructure projects: Sumita Dawra
![Centre asks states to formulate logistics policy](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/d11f854bcea0f2ebea9956586ae2afa9.jpg)
![DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/dfa1c305b9d90a755d11ae335bee53e1.jpg)
![Government likely to disburse about Rs 13,000 crore to eligible firms under PLI schemes: DPIIT secretary](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/9db420b1a69cc41299299c5a5ed8cf01.jpg)