The Startup Enabler
Entrepreneur magazine|May 2022
The start-up ecosystem today has greasened the wheels of innovation in India ensuring economic growth further. This significant growth, the ability to scale up for new booming unicorns, and innovative solutions and services are flourishing in the fast-paced and dynamic economy of today. With the support of cloud providers such as AWS, startups like Innovacer, Credindia, Byjus, Mobile Premier League have seen the growth and scale. Kumara Raghavan, Head of Startups Amazon Web Services India, shares his views on the upcoming trends in the startup ecosystem and growth for 2022.
Punita Sabharwal
The Startup Enabler

THIS YEAR THE INDIAN GOVERNMENT HAS BEEN ENCOURAGING MORE AND MORE STARTUPS TO COME UP IN THE COUNTRY THROUGH INITIATIVES LIKE STARTUP DAY. HOW DOES AWS PLAY A CRUCIAL ROLE IN THIS GROWTH?

The past year has been a momentous one for India's startup ecosystem. According to CB Insights, in 2021 startups had received funding of $28.5B, which is 173 per cent YoY growth compared to 2020 where they received $10.5B. We've witnessed an unprecedented rate in startups achieving unicorn status. In the past year, the Indian startup ecosystem saw the rise of more than 40 unicorns, or those startups who reached a valuation of $1 billion or more.

One of my team's greatest privileges is that we have a front seat to all this action. Since 2006, AWS has worked alongside hundreds of thousands of founders all over the globe, supporting them in building and scaling their businesses. Here, in India, we work with startups and former startups like Ola, Byju's, CarDekho, Big Basket, and Paytm, and have loved being on the journey as they indelibly transform the industries they play in.

According to CB Insights, in 2021 startups had received funding of $28.5B which is 173% YoY growth compared to 2020 where they received $10.5B.

HOW DOES AWS TAKE CARE OF THE 'HEAVY LIFTING' IN BUILDING A STARTUP, ALLOWING FOUNDERS TO FOCUS ON GROWTH?

هذه القصة مأخوذة من طبعة May 2022 من Entrepreneur magazine.

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هذه القصة مأخوذة من طبعة May 2022 من Entrepreneur magazine.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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