<p>Start-ups backed by private equity and venture capital investors created more than 26 lakh employment opportunities in 2019, an increase of 27 per cent from the preceding year, according to a report.</p>.<p>Such start-ups had created 20.5 lakh direct and indirect jobs in 2018 and 16.5 lakh employment opportunities in 2017.</p>.<p>"Private equity or venture capital (PE/VC) investments are not only creating direct and indirect jobs, but also bubbling up newer fast-growing job segments such as professional services, freelancers, delivery and driver-partners," the report noted.</p>.<p>The report was prepared by Indian Private Equity and Venture Capital Association (IVCA) in partnership with Zinnov, a global management and strategy consulting firm.</p>.<p>It noted that technology-led solutions are touching the lives of Indians in the remotest corners of the country and also across income segments because alternative investment funds are focused on Indian market too.</p>.<p>The report was developed to understand the value created by venture capital and private equity investors through technology and technology-enabled start-ups in India.</p>.<p>It analysed the role of VC/PE investors, dimensions in which they are creating value for the country and their impact on job and wealth creation.</p>.<p>The venture capital investing space in the country has been constantly evolving, with the year 2019 witnessing nearly 500 deals worth USD 2.1 billion.</p>.<p>"Further, the coming up of several new VC funds and the successful raising of new rounds by old funds reinforces the investors' confidence in the domestic market. This is a testament to the substantial amount of wealth, jobs, and development that have been created," IVCA President Rajat Tandon said.</p>.<p>"Continuing with the current pace, support, and interest from policymakers and the investors, revolutionary times are ahead," he added.</p>.<p>Zinnov CEO Pari Natarajan said the importance of entrepreneurship, investments, technology and innovation to turbocharge India's growth is undeniable, with start-ups and investors at the centre of it all.</p>.<p>"The cumulative valuation of the start-up ecosystem has witnessed a colossal increase in the last 6 years – as much as 15 times since 2014, to touch USD 141-149 billion in 2020. This value has created a virtuous cycle of wealth creation and distribution across stakeholders in the ecosystem, thus putting India on its goal to become a USD 5 trillion economy by 2025," Natarajan added.</p>.<p>Small and medium businesses are increasingly relying on start-ups to adopt digitalisation to drive revenues, productivity and efficiency at scale, the report added. </p>
<p>Start-ups backed by private equity and venture capital investors created more than 26 lakh employment opportunities in 2019, an increase of 27 per cent from the preceding year, according to a report.</p>.<p>Such start-ups had created 20.5 lakh direct and indirect jobs in 2018 and 16.5 lakh employment opportunities in 2017.</p>.<p>"Private equity or venture capital (PE/VC) investments are not only creating direct and indirect jobs, but also bubbling up newer fast-growing job segments such as professional services, freelancers, delivery and driver-partners," the report noted.</p>.<p>The report was prepared by Indian Private Equity and Venture Capital Association (IVCA) in partnership with Zinnov, a global management and strategy consulting firm.</p>.<p>It noted that technology-led solutions are touching the lives of Indians in the remotest corners of the country and also across income segments because alternative investment funds are focused on Indian market too.</p>.<p>The report was developed to understand the value created by venture capital and private equity investors through technology and technology-enabled start-ups in India.</p>.<p>It analysed the role of VC/PE investors, dimensions in which they are creating value for the country and their impact on job and wealth creation.</p>.<p>The venture capital investing space in the country has been constantly evolving, with the year 2019 witnessing nearly 500 deals worth USD 2.1 billion.</p>.<p>"Further, the coming up of several new VC funds and the successful raising of new rounds by old funds reinforces the investors' confidence in the domestic market. This is a testament to the substantial amount of wealth, jobs, and development that have been created," IVCA President Rajat Tandon said.</p>.<p>"Continuing with the current pace, support, and interest from policymakers and the investors, revolutionary times are ahead," he added.</p>.<p>Zinnov CEO Pari Natarajan said the importance of entrepreneurship, investments, technology and innovation to turbocharge India's growth is undeniable, with start-ups and investors at the centre of it all.</p>.<p>"The cumulative valuation of the start-up ecosystem has witnessed a colossal increase in the last 6 years – as much as 15 times since 2014, to touch USD 141-149 billion in 2020. This value has created a virtuous cycle of wealth creation and distribution across stakeholders in the ecosystem, thus putting India on its goal to become a USD 5 trillion economy by 2025," Natarajan added.</p>.<p>Small and medium businesses are increasingly relying on start-ups to adopt digitalisation to drive revenues, productivity and efficiency at scale, the report added. </p>