LEGENDARY BILLIONAIRE INVESTOR and wealth guru Warren Buffett would often say this in the context of entrepreneurship and investing: “No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.” This is true of the Indian startup ecosystem as well. It is still young and evolving, and needs time to mature and become self-sustaining. But there is no stopping it for sure, no matter how adverse the current circumstances are.
Indeed, funding activity has slowed down considerably. A PwC India report states that startup funding in India hit a two-year low at $2.7 billion across 205 deals in the third quarter of CY22. A Crunchbase report showed that funding to venture capital-backed startups in India had fallen to the lowest levels since early 2020. But the ‘funding winter’ is just one part of the big picture.
The bigger picture that remains though is that India is home to the third-largest startup ecosystem on this planet after China and the US. Also, out of the 108 Unicorns, as per the data shared by the Ministry of Corporate Affairs (MCA), 16 profitable unicorns cumulatively paid income tax of Rs 1,276.6 crore in FY21. Of the 16, Zerodha, Zoho and Dream 11 together paid Rs 949 crore in income tax.
Potential Unicorns
この記事は Businessworld India の December 17, 2022 版に掲載されています。
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この記事は Businessworld India の December 17, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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