B2B tech start-ups tripled since 2014: Study

  1. According to a survey,the number of business-to-business(B2B) startups has jumped four times to 3,200 in 2018 from 800 in 2014.This has enabled faster growth of the ecosystem by attracting huge number of investments.
  2. B2B startups also referred to as enterprise startups are companies that sell a product or service to another company rather than to individual consumers.Essentially,B2B companies are businesses built to support other businesses.
  3. However,the B2B startup’s has been mostly centered around Bangalore, Mumbai and Delhi-NCR.The concentration of this ecosystem in to these three cities can largely be attributed to the spurt in the need for digital transformation of enterprises, financial institutions, hospitals and government services.
  4. Further,the report has also called for an intense growth of accelerators and incubators for the domestic startups to spread their wings encouraging small town to come up in the innovation space.
  5. Startup accelerators and incubators are organizations that seek to help startups attain success.They help new and startup companies to develop by providing services such as management training or office space

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