
Entrepreneurial capability unleashed in past 5-8 years, new opportunities on rise: Scindia
A lot of start-ups are coming from tier-2 and tier-3 cities, as opposed to being centred in metro cities, emphasised Jyotiraditya Scindia.
A lot of start-ups are coming from tier-2 and tier-3 cities, as opposed to being centred in metro cities, emphasised Jyotiraditya Scindia.
Union minister Jyotiraditya Scindia, during Fortune India’s India 40 Under 40 Awards, says India’s entrepreneurial spirit has been unleashed in the last 5-8 years
A total of 21 Indian future unicorns have overseas headquarters, 18 of which are in the U.S., two in Singapore, and one in the U.K.
Nikhil Kamath, co-founder at Zerodha and True Beacon, says that the startup funding ecosystem is going to be difficult, at least for the next couple of years.
With this, LeadSquared has become the 103rd startup to enter the coveted unicorn club in India. LeadSquared offers an end-to-end efficiency platform for businesses working across different segments.
India has created 130 unicorns so far, generating a total value of $535 billion. But, many are choosing to base themselves in the U.S., shows a report by venture growth investor Iron Pillar.
Other startups that attained over a billion-dollar valuation this year include Mamaearth, Fractal, Darwinbox, Dealshare, Elastic Run, Livspace and LEAD School.
India has become the third largest startup ecosystem in the world after the US and China, the survey says.
Fintech leads the sectoral pack with the potential to add 15 unicorns. Logistics and agritech are jointly expected to create 13 unicorns in the coming months.