India’s start-up ecosystem is a global success story where the synergies and active collaboration across geographies have contributed significantly. The country’s start-ups have even defied all odds brought on by the Covid-19 pandemic. Many Indian tech start-ups continue to attract a rush of capital, with a record number reaching unicorn status. In the first half of 2021, Indian start-ups are estimated to have received $12 billion in about 382 deals, the highest in the past five years. So, what’s making us shine? In my opinion, it’s a combination of factors like digital push to get customers online, high liquidity in the markets, and a series of IPO announcements from leading start-ups. The recent Zomato IPO is the inflection point that all of us were waiting for. As India remains the go-to-market for investors due to its sheer size, the country’s potential for technology-led business has led to the emergence of valuable tech start-ups.
SUSTAINING BEYOND THE CRISIS
The period between 2010 and 2020 is considered groundbreaking for the Indian start-up ecosystem. Before this, a start-up meant a path filled with uncertainty and risk. Today, start-ups are synonymous with innovation, creativity and problem-solving. The tech start-ups are an important enabler for India to become a $5-trillion economy, aided by technology-fuelled productivity. For founders, every customer onboarded, every new user signed up during the pandemic has taught us that the product and value proposition always comes first, everything else later.
This story is from the September 05, 2021 edition of Business Today.
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This story is from the September 05, 2021 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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