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 |
|
1986 |
Tally started |
|
1988 |
NASSCOM |
|
1988 |
First VC investment in India by TDICI |
|
1990 |
GVFC |
|
1991 |
STPI |
|
1991 |
VSNL provides email |
|
1992 |
iFlex founded |
|
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 |
|
1996 |
Zoho Corporation founded |
|
1997 |
APIDC |
|
1998 |
Intel Capital India |
|
1999 |
Fabmall, first Indian ecommerce site |
|
1999 |
TiE Bangalore |
|
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 |
|
2006 |
iFlex acquisition |
|
2006 |
Mentor Partners and Morpheus - first Accelerators |
|
2006 |
Helion |
|
2006 |
Cross border VC from India - Nexus |
|
2007 |
OCC Bangalore |
|
2007 |
Proto.in |
|
2007 |
NASSCOM Product Conclave |
|
2008 |
Funding crossses 1B in one year |
|
2008 |
Travelyaari.com |
|
2012 |
SlideShare acquisition |
|
2012 |
Microsoft Ventures India |
|
2013 |
Redbus.in acquisition |
|
2013 |
iSPIRT founded |
|
2013 |
NASSCOM 10000 startups |
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.