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Stream/Area:
-
Subject:
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Paper ID:
10.55041/IJSREM44559
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Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
India’s startup ecosystem is experiencing a remarkable evolution, transitioning from a traditional business landscape dominated by family legacies, stability, and risk aversion to a vibrant entrepreneurial culture driven by innovation, passion, and a quest for independence. This study examines this shift through primary data collected from 50 Indian startup founders via a Google Form survey conducted in Feb-March 2025, representing diverse sectors such as food and beverages (34%), technology (12%), services (20%), and more. The findings reveal that passion for the industry (60%) and the identification of market gaps (40%) are the primary motivations for launching ventures, marking a significant departure from conventional profit-focused or lineage-driven enterprises toward problem-solving and self-directed initiatives. Financial independence (46%) also emerges as a key driver, underscoring a desire to break free from traditional economic constraints. However, challenges persist, with building the right team (42%) and securing funding (30%) topping the list, reflecting both operational complexities and resource scarcity. Notably, 78% of founders relied on personal savings, highlighting a blend of traditional self-reliance with entrepreneurial ambition, while only 10% accessed venture capital, indicating limited institutional support. Marketing strategies fuse traditional word-of-mouth referrals (60%) with modern tools like social media (34%) and offline events (28%), illustrating a hybrid approach to customer acquisition. Success is increasingly measured by customer satisfaction (46%) and revenue growth (28%), rather than mere longevity, with scaling plans favoring product/service expansion (54%) and global outreach (40%). Long-term visions reveal entrepreneurial aspirations for global markets (40%) and diversification (30%), yet traditional influences linger, with 16% aiming to create family legacies. This research highlights how societal transformations—digital
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Publication Date
4/14/2025
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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The authors declare no conflict of interest related to this research work.
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