December update and insights about new startups:
India became second last month as the country with the highest count of new Startups, right below the United States. India’s average position for the year has been fourth, it came up to third in February and between June to August, but only reached second for the first time this past month.
Top 5 Us states remained steady this month and were consistent with their yearly averages.
New startups creation stages remained steady and in line with the rest of the year, with 13.1% in Concept Stage, 43.2% in Development Stage, 34.5% in Product Ready Stage and 9.2% in Revenue Stage. The trend noticed last month of Product Ready companies declining appears to have dissipated as all stages regained their balance.
Industry wise, interesting things are happening, the percentage of total Internet Web Service companies (the biggest industry for new startups) appears to be on the decline, with a market share loss of 1.8% in December when compared with November (from 15% to 12.2% respectively).