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Startup and software product landscape in india iSpirt 25 feb 2015
1. iSPIRT – Indian Software Product Industry Round Table is a non-profit think tank formed by leading practitioners of the industry
to assist in the cause of building a healthy, globally-competitive and sustainable industry. Visit www.ispirt.in for more details.
The Next Google can
come from India
Thiyagarajan M, iSPIRT Fellow
6. Shift - Software Services to Product
6
Tailor who can make shirts Ready-made shirts makers
SERVICE INDUSTRY PRODUCT INDUSTRY
Startups are leading this change
17. Resulting in the incredulous activities
and infectious energy we are seeing
17
18. India has emerged as the 4th largest start-up
location globally
800 new startups created year on year
70+ Active VC’s and PE’s in 2014
550+ Angels in India
80+ Accelerators and Incubators 18
19. VC investments increased 7 times
19
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
2010 2011 2012 2013 2014
VC Investments in software products ( in $m)
20. Global Tech giants that acquired
Indian startups last year
20
acquires
acquires
acquires
acquires
acquires
Fireflies lighting up the sky!
1,00,000 Product Startups in India
Employment to 3.5 million technical people
$500+ billion in Market Value
#2 after US
30 million SMEs lifted
Software products are not IT Services*
IT services companies are like tailors who can either stitch custom suits or alter a standard design for the client.
Software product companies make readymade suits (mass production). People select the suit they like, try it for fit, and buy it on the spot.
* The Neti Neti (Not-this, not-this) definition has been traditionally popular in India, in defining a concept as distinct from other known or established ones