Upcoming startup trends in India
October 5th, 2010 | View CommentsThe final list of selected startups in Power of Ideas has been announced (I’m one of the participants and got in). This is one of the larger business plan contests in India. Out of 16,242 entries, 850 or so went into the second round, and this final shortlist of 74 startups makes for the final round, who’ll get to pitch to a large number of investors at an event in IIM-A.
I decided to color up the rather drab list here with some visualizations. While this does not make for an accurate representation of the trends (it is too small a dataset to derive conclusions), but it still has some interesting information. I think it may come close to representing what’s hot these days. Read on.
Cities in order of number of selections
| City | Avg. age | Count |
|---|---|---|
| mumbai | 35.8 | 16 |
| bangalore | 36.9 | 10 |
| delhi | 30.5 | 10 |
| ahmedabad | 28.4 | 7 |
| hyderabad | 42 | 7 |
| pune | 31.5 | 6 |
| chennai | 33.8 | 5 |
| noida | 33.3 | 4 |
| gurgaon | 39 | 3 |
| coimbatore | 40 | 1 |
| ghaziabad | 22 | 1 |
| kolkata | 37 | 1 |
| kota | 28 | 1 |
| lucknow | 22 | 1 |
| vadodara | 39 | 1 |
On the Map -
The size of the circles represent the number of startups selected from that location
The sectors in order of popularity
| Sector | Avg. age | Count |
|---|---|---|
| it/web | 30.3 | 16 |
| healthcare / life sciences | 35.6 | 9 |
| education | 34.5 | 8 |
| mobile/telecom | 34.3 | 8 |
| cleantech/energy | 36.1 | 7 |
| media & entertainment | 33.8 | 5 |
| social enterprise | 36.0 | 5 |
| retail | 28.5 | 4 |
| electronics | 38.7 | 3 |
| engineering (incl automobile) | 39.0 | 2 |
| financial services | 48.0 | 2 |
| hotels / hospitality | 40.0 | 2 |
| agriculture/agribusiness | 22.0 | 1 |
| kpo/bpo | 47.0 | 1 |
| logistics/transportation | 26.0 | 1 |
Observations :
- As expected, IT/Web rules the roost. IT is a younger lot too, while healthcare, cleantech, social enterprises fall a little above the overall average age.
- The NCR region combined makes for the most selections.
- Overall average age – 34.3
- Median age – 32
- Ahmedabad is the youngest city at an avg. age of 28.4 (amongst cities with more than 5 selection), and Hyderabad is the oldest at an avg. age of 42.0
Interesting visualization of what these startups are talking about can be done with tag clouds (courtesy the awesome tag-cloud generator wordle.net), so for the top 5 categories, here we go -
IT/Web
Healthcare / Life Sciences
Education
Mobile/Telecom
Cleantech/Energy
