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.