The startups in India saw a 108 per cent growth in total funding from USD two billion in 2017 to USD 4.2 billion this year, National Association of Software and Services Companies said. The worrying factor, however, was the decline in funding for companies at the seed stage, NASSCOM said. The key growth drivers were enterprise software, fin-tech, health-tech marketplace and ed-tech. Data analytics, artificial intelligence and IoT startups have been witnessing fastest adoption across industry verticals. There was 120 per cent funding growth for AI startups with USD 150 million investments made in this field in 2018. The report said more than 400 plus startups expanded globally.

(Financial Express)