“Driven by optimisation, banking, retail and healthcare are three sectors which have emerged as the biggest adopters of the enterprise technology solutions,” the Ecosystem Report on Enterprise Ready Start-ups 2016 released by Microsoft Accelerator said.
A big push towards digital transformation amongst enterprises is leading to increasing adoption of start-up technologies, it explained. The Ecosystem report provides insights into how this enterprise-startup partnership has evolved in last few years, underlining the value of collaboration and building the start-up ecosystem.
It showcases the top 151 enterprise ready start-ups in India and the 10 sectors that have demonstrated momentous growth. “We are happy to note that Indian enterprises are looking at start-ups for innovative solutions and expertise for their Digital Transformation in India,” said Ravi Narayan, Global Director, Microsoft Accelerator.
Data Sciences and Security start-ups find it easiest to find customers driven by the broad base of customers and sectors that these start-ups can address natively, it added. It also said start-ups catering to banking sector find it easiest to raise funds.
“India already has a billion mobile phone users, as well as a billion citizens with active bank accounts that are linked to their digital identities by way of Aadhaar. The tremendous scope of opportunity these start-ups can leverage is one of the key reasons these start-ups are successful in attracting funding,” said the report.
The exercise was restricted to a pool of over 500 enterprise focused start-ups that were founded post 2000 and are headquartered in India.