Piyush Goyal launches PRABHAAV Factbook and Bharat Startup Grand Challenge on Startup India's 9th foundation day
Commerce and Industry Minister Piyush Goyal launched the PRABHAAV Factbook and the Bharat Startup Grand Challenge at the celebration of 9 years of Startup India in New Delhi on 16 January 2025.
Summary
Commerce and Industry Minister Piyush Goyal launched the PRABHAAV Factbook and the Bharat Startup Grand Challenge at the celebration of 9 years of Startup India in New Delhi on 16 January 2025. He said India had become the world's third-largest startup ecosystem, with 1,59,157 startups as of 15 January 2025, up from about 500 in 2016, generating 17.2 lakh direct jobs. He credited the Fund of Funds for Startups, administered by SIDBI, for mobilising private capital for Tier II and Tier III startups, noted 76 IPOs in calendar year 2024, and said the upcoming Startup Mahakumbh would feature over 2,500 startups.
Key facts
- Date and place
- 16 January 2025, New Delhi
- Occasion
- 9 years of Startup India
- Launched
- PRABHAAV Factbook; Bharat Startup Grand Challenge
- Startups
- 1,59,157 as of 15 January 2025 (about 500 in 2016)
- Direct jobs
- 17.2 lakh
- Fund of Funds for Startups
- Administered by SIDBI
Practice MCQs 3 questions
Which factbook did Piyush Goyal launch on the 9th foundation day of Startup India (16 January 2025)?
Show answer
Correct answer: B — PRABHAAV
PIB (Commerce): Goyal launched the PRABHAAV Factbook and the Bharat Startup Grand Challenge at the celebration of 9 years of Startup India.
According to the Commerce Minister on 16 January 2025, how many startups did India have as of 15 January 2025?
Show answer
Correct answer: A — 1,59,157
PIB: India became the world's third-largest startup ecosystem with 1,59,157 startups as of 15 January 2025, from about 500 in 2016.
The Fund of Funds for Startups (FFS), credited by Piyush Goyal for supporting Tier II and Tier III startups, is administered by:
Show answer
Correct answer: B — SIDBI
PIB: the Fund of Funds for Startups is administered by the Small Industries Development Bank of India (SIDBI) and financed by the Government of India.