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Dada Group : s JDDJ Has Offered 14 Million Degradable Plastic Bags Together with Supermarket Chains

Indian start-up ecosystem witnesses $106-billion value creation by 44 unicorns

Indian start-up ecosystem witnesses $106-billion value creation by 44 unicorns February 23, 2021 41% unicorns originated from Bengaluru, 34% from Delhi, 14% from Mumbai; fintechs accounted for the most number, followed by retail and SAAS The Indian start-up ecosystem has seen $106-billion worth value-creation by 44 unicorns, including MakeMyTrip, InMobi, Paytm, Ola, BYJU’S, Cars24, Razorpay, Swiggy, and Zomato, among others, which in turn has created 1.4 million direct and indirect jobs. While fintech has seen the maximum number of unicorns, retail and SaaS are a close second. Other spaces include logistics, Data Analytics, travel, food and gaming, reveals The Indian Tech Unicorn Report 2020 by Orios Venture Partners, an early stage venture capital fund.

Faherty founder on how the clothing brand diversified its supply chain

The company weathered the pandemic due to its diversified business model.  It also went on a hiring spree to bring on writers who could develop the storytelling of the brand.  In 2020, clothing brand Faherty had a standout year, according to its twin cofounders Alex and Mike Faherty.  Alex credits one thing that helped keep his company afloat during this time: having a diversified business model and supply chain.  When the company first launched in 2013, the founders made it a priority to have a diverse business, which saw the brand sold in retailers throughout the United States. Its supply chain stretches from South American to Asia, and the company has stores in various geographic locations, such as the Soho neighborhood in Manhattan and Martha s Vineyard. 

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