‘Social impact start-ups growing at 20 per cent’

Speaking on the concluding day of the second edition of the “Code for the Next Billion” programme, Gupta noted that there is a significant market opportunity for social impact start-ups in the country.

“There are over 400 social tech start-ups in India today, growing at over 20 per cent year-on-year. So clearly, the market opportunity that exists is phenomenal,” Gupta said. Code for the Next Billion is a joint initiative by the Nasscom and Facebook, and under the initiative, 10 start-ups are selected from a host of applicants who are provided mentorship and networking sessions with possible investors, policy makers and corporates, among others.

Gupta, also the Chief Strategy Officer, Nasscom, said: “We aimed to accelerate the development and adoption of mobile internet applications across India.” The second edition of the programme was aimed at nurturing social impact start-ups creating digital innovations.