Question:
What is Startup ?
What is Startup ?
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A startup is a new business built on an innovative idea with a plan to grow fast.
Updated On: Oct 20, 2026
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Solution and Explanation
Step 1: Definition:
A startup is a young business that has just begun operations. It is usually built around a new idea, product or service and aims to grow fast.
Step 2: Key features:
A startup is new, small and often run by a few founders.
It brings a new or better solution to a real problem.
It has high risk but also a high chance of growth.
Step 3: Example:
A small company that sells fresh cut flowers through a mobile app, started by two young friends, is a startup.
Step 4: Why it matters:
Startups create jobs, bring new ideas and help the economy grow. In India, the Startup India scheme supports such ventures.
Final Answer:
A startup is a newly formed, innovative business with strong growth potential.
A startup is a young business that has just begun operations. It is usually built around a new idea, product or service and aims to grow fast.
Step 2: Key features:
A startup is new, small and often run by a few founders.
It brings a new or better solution to a real problem.
It has high risk but also a high chance of growth.
Step 3: Example:
A small company that sells fresh cut flowers through a mobile app, started by two young friends, is a startup.
Step 4: Why it matters:
Startups create jobs, bring new ideas and help the economy grow. In India, the Startup India scheme supports such ventures.
Final Answer:
A startup is a newly formed, innovative business with strong growth potential.
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