{"id":1288442,"date":"2024-12-14T13:03:44","date_gmt":"2024-12-14T07:33:44","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1288442"},"modified":"2024-12-14T13:04:18","modified_gmt":"2024-12-14T07:34:18","slug":"5000-startups-registered-under-startup-india-shuts-down","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/","title":{"rendered":"5000 Startups Registered Under Startup India Shuts Down"},"content":{"rendered":"\n

Government data as of Dec. 5, 2024 indicated that India\u2019s vibrant startup ecosystem which is also celebrated as a hub of innovation and job creation, has witnessed over 5,000 startups registered under the Startup India initiative shut down.<\/p>\n\n\n\n

\"5000<\/figure>\n\n\n\n

<\/p>\n\n\n\n

How Did This Happen?<\/strong><\/p>\n\n\n\n

It almost accounts for 3.3% of the 1.52 lakh startups which are already recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).<\/p>\n\n\n\n

The information was shared by Jitin Prasada, Minister of State in the Commerce Ministry while giving a written reply to a Lok Sabha query on Tuesday, Dec. 10, 2024.  <\/p>\n\n\n\n

These startups are spread all over the country but Maharashtra reported the highest number of closures, with 929 startups shutting down among other states, reportedly<\/a>.<\/p>\n\n\n\n

It is followed by Karnataka (644), Delhi (593), Uttar Pradesh (487), and Telangana (301).<\/p>\n\n\n\n

Basically, these closures reflect the challenges which are faced by startups.<\/p>\n\n\n\n

They have to go through intense competition, funding shortfalls, and unclear market strategies. <\/p>\n\n\n\n

It appears that the Startup India initiative has played a significant role in employment generation despite all these closures.<\/p>\n\n\n\n

It has created over 16.6 lakh direct jobs across more than 55 industries under this initiative.<\/p>\n\n\n\n

As part of this, IT services emerged as the top contributor with 2.04 lakh jobs.<\/p>\n\n\n\n

It is followed by healthcare and life sciences (1.47 lakh), professional services (94,060), education (90,414), construction (88,702), and food and beverage (88,468).  <\/p>\n\n\n\n

MSMEs Facing The Heat<\/strong><\/p>\n\n\n\n

It is noteworthy here that these struggles are not confined to startups. <\/p>\n\n\n\n

The Micro, Small, and Medium Enterprises (MSMEs) which were  registered through the Udyam portal, have also experienced significant closures.<\/p>\n\n\n\n

Around 61,469 MSMEs, predominantly micro-units, as of Nov. 15, 2024, have shut operations since the launch of this portal during July 2020. <\/p>\n\n\n\n

But there is a change as the recent months have seen an accelerated decline, with over 12,000 closures between July and November 2024 alone.  <\/p>\n\n\n\n

These numbers reveal the growing pains for India\u2019s startup and MSME sectors.<\/p>\n\n\n\n

In the meantime, the experts emphasize the need for better access to mentorship, sustainable funding channels, and policies tailored to long-term growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

Government data as of Dec. 5, 2024 indicated that India\u2019s vibrant startup ecosystem which is also celebrated as a hub of innovation and job creation, has witnessed over 5,000 startups registered under the Startup India initiative shut down. How Did This Happen? It almost accounts for 3.3% of the 1.52 lakh startups which are already […]<\/p>\n","protected":false},"author":30,"featured_media":1288448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[381,94],"class_list":["post-1288442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-india","tag-startups"],"acf":[],"yoast_head":"\n5000 Startups Registered Under Startup India Shuts Down - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5000 Startups Registered Under Startup India Shuts Down - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Government data as of Dec. 5, 2024 indicated that India\u2019s vibrant startup ecosystem which is also celebrated as a hub of innovation and job creation, has witnessed over 5,000 startups registered under the Startup India initiative shut down. How Did This Happen? It almost accounts for 3.3% of the 1.52 lakh startups which are already […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-14T07:33:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-14T07:34:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"487\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/\",\"url\":\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/\",\"name\":\"5000 Startups Registered Under Startup India Shuts Down - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg\",\"datePublished\":\"2024-12-14T07:33:44+00:00\",\"dateModified\":\"2024-12-14T07:34:18+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg\",\"width\":1000,\"height\":487},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"5000 Startups Registered Under Startup India Shuts Down\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\",\"name\":\"Mohul Ghosh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"caption\":\"Mohul Ghosh\"},\"url\":\"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"5000 Startups Registered Under Startup India Shuts Down - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/","og_locale":"en_US","og_type":"article","og_title":"5000 Startups Registered Under Startup India Shuts Down - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"Government data as of Dec. 5, 2024 indicated that India\u2019s vibrant startup ecosystem which is also celebrated as a hub of innovation and job creation, has witnessed over 5,000 startups registered under the Startup India initiative shut down. How Did This Happen? It almost accounts for 3.3% of the 1.52 lakh startups which are already […]","og_url":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2024-12-14T07:33:44+00:00","article_modified_time":"2024-12-14T07:34:18+00:00","og_image":[{"width":1000,"height":487,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg","type":"image\/jpeg"}],"author":"Mohul Ghosh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mohul Ghosh","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/","url":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/","name":"5000 Startups Registered Under Startup India Shuts Down - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg","datePublished":"2024-12-14T07:33:44+00:00","dateModified":"2024-12-14T07:34:18+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg","width":1000,"height":487},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/5000-startups-registered-under-startup-india-shuts-down\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"5000 Startups Registered Under Startup India Shuts Down"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7","name":"Mohul Ghosh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","caption":"Mohul Ghosh"},"url":"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/12\/Business-Closed.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1288442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1288442"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1288442\/revisions"}],"predecessor-version":[{"id":1288449,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1288442\/revisions\/1288449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1288448"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1288442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1288442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1288442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}