In recent years, startups have received increasing attention in many parts of the world. In India, the number of startups has overgrown, and more support has become available across the ecosystem. With this whitepaper we are analyzing the current situation of the Indian startup ecosystem. It has three goals: to understand the growth drivers and motivations of Indian startup founders, identify the challenges these startups face, and delineate the pillars that support them. The purpose of this study is to give a comprehensive understanding of both growth factors and challenges facing Indian startups.