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PM announces Rs 1,000 cr 'Startup Seed Fund': How India transformed into third-largest startup ecosystem


Updated Jan 18, 2021 | 16:54 IST
Driven by increasing funding, the Indian startup ecosystem has truly come into its own in recent years and is now characterised by disruptive technologies, continued consolidation and a growing domestic market.
Representational image.  |  Photo Credit: iStock Images
Key Highlights
Earlier this year, India s Ambassador to the US Taranjit Singh Sandhu revealed that India, now home to 21 unicorns with a cumulative value of $73.2 billion, had transformed into the third-largest startup ecosystem
The government s push towards digitisation through the implementation of digital infrastructure like Indiastack – a cashless, paperless, consent-based scalable platform – came as a godsend for Indian startup ....

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ET Startup Awards 2020 | Need Rs 10,000 crore fund to support startups in India: Piyush Goyal


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ET Startup Awards 2020 | Need Rs 10,000 crore fund to support startups in India: Piyush Goyal
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ET Startup Awards 2020 | Need Rs 10,000 crore fund to support startups in India: Piyush GoyalET Bureau
Last Updated: Jan 15, 2021, 07:00 AM IST
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Synopsis
The Union Minister for Commerce and Industry has called upon the Indian industry to set up a Rs 10,000 crore fund for early stage financing as overseas investors are picking up large stakes in startups.
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Piyush Goyal, Union Minister for Commerce and Industry.
New Delhi: Commerce and industry minister Piyush Goyal has called upon Indian industry to set up a Rs 10,000 crore fund for early stage financing as overseas investors are picking up large stakes in startups. ....

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