India Market
Facts & Figures
About India
$1.5 Trillion
Size of India’s
consumer market
25 Years Old
50% of the population are
below the age of 25

Home to 10 of the world’s
fastest-growing cities (by GDP)
73,000
Startups, 48+ Unicorns,
and 250+ incubators and accelerators in India
Source: WEF (2019), Startup India (2020), Inc42 (2020), Statista (2021), Business Line (2020)
Opportunities
for German Startups





India’s HealthTech market is estimated to reach $21B in 2025 on the back of telemedicine and preventive healthcare growth to help provide holistic care across urban and rural areas.
Industry Focus Areas

Enterprise Tech

HealthTech

Industry 4.0

Mobility & Logistics

Manufacturing
Main Startup Hubs
in India

Bengaluru
Known as India’s ‘Silicon Valley’ and the center of the county’s high-tech industry, Bengaluru is home to over 11,000 startups. It is also a popular hotspot for E-commerce, Enterprise Tech, and FinTech startups.
Delhi
Delhi, India’s capital, continues to be a stronghold for India’s startup scene. Home to 15 unicorns, and 13 ‘soonicorns’, most of Delhi’s funded startups are consumer-facing.
Mumbai
India’s financial capital, Mumbai is the country’s third-largest startup hub. The city has a startup base of more than 9,000 startups, and is a hub for fintech, E-commerce, Enterprise Tech, and consumer services.
Hyderabad
India’s second-largest IT hub, Hyderabad is a bustling hub for FinTech, Enterprise Tech, and HealthTech startups. It is also home to international giants like Microsoft, Google, and Uber.
Programs We Offer in India
Market Discovery Program
The India Market Discovery program will help you get first-hand market insights, explore individual business opportunities within the local ecosystem, and connect with potential customers and partners.
What Others Say
Related Articles

Snapshot Report: A Guide To Navigating India for German Startups
MAY 4, 2021
Written by German Accelerator
India’s strong entrepreneurial spirit, open business culture, and progressive regulatory systems have seen it emerge as the world’s second-largest startup ecosystem. Our new snapshot report provides you with comprehensive insights, top tips, and what you need to know about doing business in India.
Read article >

Opportunities in India: Why German Startups Should Take Advantage of India’s Growing Digital Economy
SEPTEMBER 8, 2020
Written by Juliane Frömmter
India’s technology boom and expanding economy have paved the way for startups to drive the country’s next wave of growth. As startups disrupt all sectors and receive global attention, there are abundant opportunities for German companies to expand into India.
Read article >

Bratwurst Goes Masala Chai – How Next Step Asia Is Opening the Doors to the Indian Market
FEBRUARY 26, 2020
Written by German Accelerator
If you think India is only attractive as a location for an outsourced IT or back office function, think again. Claus Karthe answers 4 questions about Next Step Asia, German Accelerator’s latest launch pad that empowers German startups to enter the fast-growing Indian market.
Read article >