Tue, 26 Sep 2023

BusinessWire IndiaBengaluru (Karnataka) [India], June 1: While Ed-tech continues to be a fond sector for student led startups (12.7 per cent of the total inflow at Campus Fund); healthtech (10 per cent) and new-age tech startups (8.5 per cent) - Web 3.0, Crypto, Blockchain, have emerged as the new interest areas in the student startup ecosystem, Campus Fund said in its report titled 'State of Student Entrepreneurship in India - Edition II' (download here:1. Similar to the last edition, more than 2/3rd of the student founders originate from Medium Resource Colleges (MRCs) vs. 1/3rd from High Resource Colleges (HRCs).

2. Additionally, about 70 per cent of the student-led startups, operated in or from Tier 1 cities. Bengaluru accounted for 17.7 per cent (vs 21 per cent in Edition 1), followed by Delhi NCR at 16.5 per cent, Mumbai, Hyderabad and Chennai were similar to the last edition at 11 per cent, 3.5 per cent and 4.5 per cent respectively.

3. Further, 54 per cent of founders from Tier 1 cities started their ventures after they had graduated from their respective degrees whereas amongst founders starting up in non-Tier 1 cities, as high as 62 per cent of them started out earlier while they were still pursuing their degrees. This reinforces the fact that more and more student founders are looking at starting up as a viable career opportunity.

4. When coming to areas of interest and business models, 77 per cent of EdTech Startups were B2C in nature, while 70 per cent of the EdTech startups are being built in Tier 1 Cities. But when it comes to FoodAgriculture related startups 51 per cent are B2B in nature and overall 45% of them are being built in Tier 2Tier 3 Cities.

5. The report also mentioned that with Web3, we could witness a generational shift in mindset altogether - from centralised to decentralised systems. This shift is especially relevant for Indian student founders, who see an opportunity to own their content in a digital age where platforms traditionally have ownership over user data in Web2.0.

According to the report, the next wave of startups from the student ecosystem will be potentially in areas aiding hybrid workforce, creator economy, social - but not just media, new-age money and Sustainability at large. Varun Thapar of the Karam Chand Thapar (KCT) group said, "Richa and her team has done an amazing job of identifying nascent talent in college dorm rooms and providing meaningful support during their early journey. Given their unique positioning, Campus Fund has successfully been able to discover those bold and fearless individuals who not only conceive of disruptive and transformative ideas but also convert them into business realities." The report concludes as follows - In the `70s and `80s, a group of computer science "nerds" decided to quit college, quit their cubicle jobs, and started writing lines of code from their garages. They were laughed at, called names, and their feverish dreams were readily dismissed by people. By the turn of the millennium, these same people became tech moguls, building products that their contradictors could never have imagined possible. The world accepted this change with open arms. Around the same time in a land far away, across oceans, a daring politician and his quietly brilliant Finance Minister had already ushered in the era of liberalisation that would change their country forever. "It is incredibly exciting to think that our country, and the world is on the cusp of another such tectonic shift, and we have a once-in-a-generation opportunity to become catalysts in this process," said Richa, Founder of Campus Fund.

(Disclaimer: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)

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