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With the ever-increasing number of consumer worldwide, the demand for varied goods and services with the lesser hassle is increasing rapidly. This continuous increase in the demand is largely favouring the startup culture in India and other countries, because of which a significant number of youngsters are opting for the risky entrepreneurship path. As of now, the Economic Survey of 2016 has recorded the registration of around 19000 startups in India. If we talk about the global data, the number of startups is somewhere around 472 million, with 100 million new startups adding up to the list annually.