Paper Title
Exploring the Correlation between DPIIT-Recognized Startups and Funding Raised by Indian Startups: A 2016-2022 Analysis
Article Identifiers
Authors
Milan Girishbhai Patel , Dr. Hemal Pandya
Keywords
Startup, Funding, Startup growth, Startup Funding, DPIIT, Startup India,
Abstract
Embarking on a six-year exploration (2016-2022), this research paper probes the relationship between official recognition by DPIIT and financial backing in the Indian startup realm. Leveraging data from the Press Information Bureau (PIB) and the official Startup India website and Inc42's ‘The State of Indian Startup Ecosystem reports’, the study aims to uncover the correlation between DPIIT-recognized startups and funding amounts raised by Indian Startups in billion dollars. As we navigate this temporal span, we immerse ourselves in the narrative of the Indian startup ecosystem, focusing on crucial years that define its trajectory. Our findings reveal trends in startup recognition and funding, offering insights into the symbiotic relationship between recognized startups and financial inflow. The correlation analysis, anchored by the Pearson correlation coefficient, provides a quantitative understanding of the strength and direction of this relationship. Acknowledging the inherent limitations, this research serves as an invitation for further exploration into the intricate connections between recognition and financial sustenance. It acts as a beacon, illuminating corners of understanding for stakeholders, policymakers, and researchers navigating the multifaceted landscape of the Indian startup ecosystem.
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How To Cite (APA)
Milan Girishbhai Patel & Dr. Hemal Pandya (June-2024). Exploring the Correlation between DPIIT-Recognized Startups and Funding Raised by Indian Startups: A 2016-2022 Analysis. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(6), a174-a183. https://ijnrd.org/papers/IJNRD2406017.pdf
Issue
Volume 9 Issue 6, June-2024
Pages : a174-a183
Other Publication Details
Paper Reg. ID: IJNRD_218060
Published Paper Id: IJNRD2406017
Downloads: 000121970
Research Area: Commerce
Country: Ahmedabad, Gujarat, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2406017.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2406017
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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)
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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition
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