The Indian Wire » Startups » Around 7,414 startups reognized by DPIIT till November 5, says Piyush Goyal
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Around 7,414 startups reognized by DPIIT till November 5, says Piyush Goyal

The Department for Promotion of Industry and Internal Trade (DPIIT), has recognized around 7,414 startups in this fiscal till November 5, cited ET.

The figures were revealed by the Commerce and industry minister Piyush Goyal on Wednesday.

“The details of Startups founded all over country is not compiled, however, various initiatives undertaken under Startup India initiative have resulted in increase in recognition of Startups by DPIIT since the launch of the initiative,” Goyal said.

As per the sources, out of 7,414, a maximum of 1,778 are from Maharashtra, which is followed by Karnataka with 1,374 start-ups, Delhi with 1,152 and Uttar Pradesh with 709.

The department had recognised 8,618 startups in the entire 2018-19.

Whereas, sector-wise, the highest of 1,351 start-ups are from information technology followed by healthcare (808), education (658), professional and commercial services (400) and finance technology (362).

Goyal further said that the data on number of startups which are still functional for three years or have failed in three years of their launch is not compiled.

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