Clusterpreneurship: Do entrepreneurs create and sustain clusters?

From virtually being non-existent in 2000, India had the third largest number of start-ups behind only the US and the UK in 2016 (see Figure 1). Most of this activity can be attributed to increased startup activity in the Information, Communication and Technology (ICT) sector (see Figure 2). What is even more impressive is the fact that India ranks third in terms of successful exits with almost all the exits happening in the ICT sector (Economic times, 2016). In this article, based on an analysis of 15,302 startups from 1990-2015, we trace the evolution of ICT start-ups and provide some insights on the sectoral and geographical patterns in the industry, and identify some of the factors behind the emergence of these start-ups.