Startup India was setup to provide handholding support to startup ventures and streamline their incentive disbursals. The idea is not only to provide an enabling environment for startups to flourish but also to lure investments. The initiative commenced with the operationalisation of the Startup India Hub, the online portal providing multiple offerings under Startup India and connecting aspirants to other vital ecosystem builders. Also, to include scalable business models with high potential of employment generation or wealth creation. Each State and UT has at least one startup. The recognised startups are spread across over 640 districts and have reported a creation of more than seven lakh jobs with an average of 11 jobs being created by them. Entrepreneurship in India has grown significantly, and startups are beginning to dramatically impact the economy. The recognised startups are spread across 56 diversified sectors such as IT services, finance technology, technology hardware, enterprise software, artificial intelligence, and nanotechnology. Startups are upending established business models and creating new markets. Across industries, startup companies – such as Paytm and FreeCharge in financial services, Ecolibrium Energy and Glowship in energy and utilities, Zoctr and HealthKart in healthcare, and Jugnoo and Ola in travel – big challenges to established and traditional businesses. India has become the third-largest startup ecosystem in the world after the US and China.