Plans to actively create robust ecosystem in Goa for startups & entrepreneurship: Rajeev Chandrashekar
Plans to actively create robust ecosystem in Goa for startups & entrepreneurship: Chandrashekar.
Plans to actively create robust ecosystem in Goa for startups & entrepreneurship: Rajeev Chandrashekar
Plans to actively create robust ecosystem in Goa for startups & entrepreneurship: Chandrashekar
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India - world's 3rd largest unicorn
Number of Unicorns in the USA and China is at 396 and 277 respectively while India follows at number three with 51 unicorns. UK is number 4 position with 32 unicorns and Germany at 5th spot with 18. The Hurun Research Institute released the report ,Hurun India Future Unicorn List 2021, and ranked of India’s start-ups founded in the 2000s, worth at least $200mn, not yet listed on a public exchange and most likely to ‘go unicorn’ within 2 years (Gazelles) or 4 years (Cheetahs). India is the third-largest unicorn ecosystem in the world with 51 startups that are valued at $1 billion or above. The USA is the world's largest unicorn ecosystem with 396 unicorns, followed by China with 277 unicorns. Over the last year, India added three unicorns every month on an average, Hurun said. India’s future unicorns are worth $36 billion, which is equivalent to one-third of Delhi’s GDP at current prices.
With 18 startups on the list, fintech contributed the most number of companies, followed by e-commerce (17), SaaS (7), shared economy (6), gaming, artificial intelligence, logistics and healthtech with 4 companies each, and 3 each for media and entertainment, edtech and consumer goods. When it comes to cities, Bengaluru contributed the most number of companies at 31, followed by Mumbai 13, Gurugram 12, Delhi 5 and Noida 5. Zilingo, Mamaearth, MobiKwik, Ecom Express, Acko General Insurance are the top-most companies on the Hurun unicorn list that are run by women. Sequoia has invested in the most number of companies on the list at 37, including Zilingo, Mobile Premier League, Rebel Foods, Mamaearth, followed by Tiger Global Management at 18, including GreyOrange, Vedantu, Apna. InnoVen Capital has invested in 17 companies, Accel in 13 companies and Trifecta Capital Advisors in 12 companies. The year 2021 also registered start-up IPOs and IPOs present exit oppor
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Experts talking about Startups, the Bubble Is About to Burst | Ecosystem | VARINDIA News Hour
India is amongst the top five #startup ecosystems in the world. According to the India Venture Capital Report 2021 published by Bain and Company, the number of cumulative start-ups has grown at a CAGR of 17 per cent since 2012 and crossed 1,12,000 by December 31, 2021. Start-ups have emerged as key drivers of economic growth and job creation, and are often a catalyst for radical innovation. Now India is home to 79 unicorns, with a total valuation of $260.5 billion, which makes it the third largest after the US and China. Out of the total, 42 unicorns with a total valuation of $82.1 billion emerged in 2021 alone, a record year for the country. Startup valuations are rising thanks to ample capital availability, limited investments with strong yield and related issues. Startups have created immense value for founders and investors alike. The accelerated development of the start-up ecosystem needs significant funding and therefore the role of venture capital and angel investors are critical. There are 32 start-ups founded after the year 2000 and have the potential to turn into unicorns in two years and 54 Cheetahs - potential unicorns in four years.
It is also true that a few highly successful start-ups with astronomical valuations and a few spectacular failures get discussed disproportionately creating the perception of a funding or valuation bubble. Overall, the venture capital asset class has done well for its investors who understand and provide for the high-risk nature of these investments. India has emerged as one of the world's top hubs for startups. With large-scale support from investors and the government, a large number of startups have gone on to become unicorns. However, volatility in the market amid rising geopolitical tensions and the ongoing pandemic has dented the growth of startups. One 97 Communications (Paytm), FSN E-Commerce (Nykaa),
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India has emerged as the third largest startup ecosystem in the world after the US and China and the pace of growth is not showing any signs of slowing down.
The Centre is making efforts to connect Indian startups with the government ecosystem so that its procurement requirements can be met with their innovative solutions, Union Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar said. The government is working to soon establish an institutional framework for Digital India Startup Hub to further promote the startup ecosystem in the country. Soon Digital India Startup Hub, an institutional framework, shall be established to further promote the startup ecosystem and centrally coordinate startup initiatives at the national level. The government is making efforts to connect startups with its ecosystem so that the government's procurement requirements can be met with innovative solutions by startups. The minister highlighted the importance of learning digital skills for India's expanding digital economy. Inspiring students and Startups to acquire skills in emerging technologies & highlighting the importance of learning Digital Skills for India’s expanding Digital Economy, he added “Innovation is the mantra going forward. Innovation is going to drive our future.
Going forward, Startups will be encouraged to develop solutions aligned to tracks such as creditisation, digitisation, and any market-led solution that can help solve a problem relevant to IPPB or DoP in serving the target customers. Startups in India are turning out to be a powerful vehicle to fulfil the dreams of the common Indian youth. Today, the Indian startup ecosystem is respected all over the world and we are today among the top three startup ecosystems in the world. “Our startups and entrepreneurs will drive the Indian economy towards USD 5 trillion and the Digital Economy towards USD 1 trillion,' said Chandrasekhar, who is also the Minist
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#crypto #blockchain #startup
Crypto Vs Blockchain Startup
There are many Indian companies working actively in the crypto space. India's crypto industry attracts foreign funds, but local investors remain wary. Cryptocurrency has seen tremendous growth in the last one year and from a consumer and technology standpoint, India is an important destination for cryptos. The venture capital companies including Sequoia Capital India, Lightspeed India, Elevation Capital and others are warming up to India’s cryptocurrency and blockchain industry. Several international funds such as Pantera Capital and Coinbase Ventures, and entrepreneur investors like Mark Cuban, have been investing in blockchain and crypto startups founded by Indians.
The absence of regulatory approval and the possibility of a blanket ban has, however, kept most Indian funds at bay, despite the heightened interest in crypto and blockchain. Despite the regulatory uncertainty and the volatility of cryptocurrencies, Indian start-ups in the space saw funding grow 73% in the first six months of calendar 2021 compared to the whole of 2020.Total funding year-to-date in 2021 stood at $50.03 million against the $28.85 million raised by cryptocurrency-based start-ups in 2020, according to data from Tracxn. A report says, the lockdown in 2020 had led to increased activity in the cryptocurrency market as retail and institutional investors turned to this investment avenue as volatility hit the stock market. Blockchain faces hurdles, including volatility in cryptocurrency pricing and confusion and misunderstanding from many consumers about the technology and related financial services, experts say.
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India to create 100 startups, 85,000 experts in chip space #shortsvideo
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Yes, that's absolutely correct. Vivek Oberoi is planning to invest in developing business to create Goa in Ahmedabad. Well, Prime Minister Narendra Modi will support Mr. Oberoi in this. Watch this video to know.
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Govt plans incentive scheme to help Indian cloud startups #shortsvideo
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International Tennis player & ECI icon Ankita Raina urges youth to actively participate in elections for strengthening of democracy. Says Voting is your right as well as responsibility. Listen to her message from last episode of #MatdataJunction aired on
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International Tennis player & ECI icon Ankita Raina urges youth to actively participate in elections
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During an IPL match at Wankhede Stadium, renowned commentator Harsha Bhogle is actively raising awareness about the importance of voting in the upcoming Lok Sabha election on May 20, 2024.
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During an IPL match at Wankhede Stadium, commentator Harsha Bhogle is actively raising awareness
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