MUMBAI: The number of business-to-business (B2B) startups has jumped four times to 3,200 in 2018 from 800 in 2014, enabling faster growth of the ecosystem, attracting investments worth $3.7 billion from $797 million, during the period, says a report. In percentage terms, the growth in the number of B2B startups within the total tech startups ecosystem rose from 26 in 2014 to 43 in 2018. While global accelerators hold a majority with 66% of the share, 34% of the pie comprises of domestic companies. A unicorn refers to a privately held tech startup valued at $1 billion or more. This story has been published from a wire agency feed without modifications to the text.

Source: Mint May 07, 2019 11:03 UTC