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379 Tech Startups Launched & 87 Shut Down In India In 2012: Report

Around 379 technology product startups were launched in 2012 and 87 were shut down during the year, according to a study compiled by Microsoft Accelerator, India. Mukund Mohan, the CEO in Residence, Microsoft Accelerator said the accelerator tracks over 6,214 entities which includes 3,948 technology product companies in India as well as service companies who are building products and side-projects where founders have generated significant traction or revenue. As per Mohan, the study has been compiled from face-to-face interactions with the founders of 65% of these companies and secondary data, although the closure data was entirely based on face to face interactions. Here are some highlights from the study: - 2012 witnessed a relatively lesser number of new tech product company launches with 379 companies launched this year as compared to 519 companies launched in 2011 and 452 companies launched in 2010. - Bangalore has registered the highest number of new technology startups launches in the past five years, recording 591 new technology startups launches, followed by Delhi NCR which recorded 237 new launches and Chennai which recorded 203 new launches. - eCommerce segment accounted for 33% of all the new tech entities, followed by B2B (Business-to-Business) segment which accounted for 24% of all the new tech entities and Consumer Internet segment which accounted for 12% of all the new tech entities. Mobile apps segment accounted for 10% of the new tech entities while SaaS (Software as a Service) segment accounted for 8% of the new tech entities and other segments accounted for 13%…

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