Mosina bi 06/07/2021

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India’s start-ups rise

Coronavirus pandemic hasn’t been detrimental to some sectors, in fact has proved to be the best launching platform for some. As many as 48 newborn businesses are riding the new digital wave to command valuations of $1 billion or more. India’s start-up ecosystem is thriving and many more joining the bandwagon with the hope of high valuations.


NASSCOM, TiE has been bullish about the Indian startup ecosystem’s growth for a long time and believe the country is set to hit 100 unicorns by 2025. The rate at which unicorns valuations are being done, looks like will be getting there much sooner. India has seen $11.85 billion in private equity and venture capital funding in the first quarter of 2021 alone.


Some of the unicorns:


Zomato

Zeta

Urban Company

Gupshup

Cred

FirstCry and many more

Can they live up to their early promise and create sustainably profitable businesses?


 



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