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India is fast emerging as a startup nation. In around a decade, the Indian startup ecosystem has scaled to become the third-largest start hub in the world followed by the US and China. To gauge the success of Indian startups that are expected to enter the Unicorn club, management consulting firm Praxis Global Alliance, has prepared a quarterly report on India’s Soonicorns landscape – the next billion-dollar startups. It has come up with the launch of the second edition of India’s Soonicorns list. The list includes 35 startups that have the potential to achieve a $1 billion-plus valuation (unicorn) in near future. ....
Your (dis)order has arrived Want this newsletter delievered to your inbox? SUBSCRIBE We ll soon meet in your inbox. / Morning Dispatch Good morning, Differing Covid-19 restrictions in various parts of the country and a shortage of delivery agents are starting to delay e-commerce deliveries. A senior executive at an e-commerce firm said the authorities haven’t learnt much from last year’s lockdown. Also in today’s letter: The rise of rupee funds Razorpay’s valuation trebles Deliver us from Covid E-commerce firms are starting to feel the impact of restrictions imposed by various state governments and local authorities as India struggles to contain its second wave of Covid-19. ....
VCs say 10 unicorns in 4 months may seem too small by the end of this year VCs say 10 unicorns in 4 months may seem too small by the end of this year Sanchita DashApr 16, 2021, 12:09 IST Charting India s 10 unicorns in four monthsBusiness Insider India India saw 10 unicorns emerge in the first four months of 2021 as compared to 11 unicorns from the whole of 2020. Venture capitalists and money managers in India say that this number might seem pretty small by the end of the year. India may soon see more than 100 technology startups as unicorns, much before the 2025 target. India saw 10 unicorns emerge in the first four months of 2021 as compared to 11 unicorns from the whole of 2020. But the venture capitalists and money managers in India say that this number might seem pretty small by the end of the year. ....
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India’s start-up sector is on a roll April 13, 2021 1/3 2/3 × Seizing the pandemic-driven opportunities, quite a few have attained unicorn status and funds are pouring in Almost a year ago, as Covid-19 numbers began soaring, commentators started penning obituaries for India’s feisty and booming tech start-up sector. Business would slow to a trickle as venture-capital investors snapped shut their wallets, doomsters forecast. Funding would dry up. In short, RIP. Life has a way of confounding pundits. In calendar 2021 alone, at least nine Indian start-ups have attained coveted unicorn status. This means these privately-held firms now have valuations of over $1 billion and some way more. Most startlingly, a record six of these start-ups achieved billion-dollar valuations in the first week of this month. ....