EXPLAINED: What Are Unicorns, And Why RBI Says They Are Bringing In A 'New Era' For India
3 years, 4 months ago

EXPLAINED: What Are Unicorns, And Why RBI Says They Are Bringing In A 'New Era' For India

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In its latest outlook on the ‘State of the Economy’, the Reserve Bank of India has noted that “debut offerings by Indian unicorns” show that a “new era has clearly begun” that could make 2021 “India’s year of the initial public offering”. Swiss-based investment bank Credit Suisse said that “against 336 listed companies with a ~$1 billion market capitalisation, there are now 100 unicorns in India with a combined market capitalisation of $240 billion”. “India’s tech boom has been long awaited, with strong global and domestic appetite for what are widely believed to be world class businesses in the pipeline, notwithstanding initial losses that have largely stemmed from the deep discount business models adopted by them,” RBI said. The Centre — which launched the Startup India scheme in 2016 as a “flagship initiative… to build a strong ecosystem for nurturing innovation and startups in the country — told Parliament in July this year that the Indian startup ecosystem is “widely recognized as the third largest startup ecosystem” with more than 52,000 entities recognised as startups by the Department for Promotion of Industry and Internal Trade.

History of this topic

Six more unicorns added in 2024
4 days, 16 hours ago
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1 year, 1 month ago
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1 year, 4 months ago
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1 year, 5 months ago
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1 year, 9 months ago
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1 year, 10 months ago
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1 year, 10 months ago
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1 year, 10 months ago
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2 years, 2 months ago
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2 years, 3 months ago
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2 years, 5 months ago
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2 years, 5 months ago
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2 years, 6 months ago
Indian startups continued to create wealth even during COVID: PM Modi
2 years, 6 months ago
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2 years, 7 months ago
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2 years, 7 months ago
SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding
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2 years, 8 months ago
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2 years, 10 months ago
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2 years, 10 months ago
What explains India's unicorn boom in 2021?
3 years ago
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3 years, 1 month ago
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3 years, 1 month ago
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3 years, 2 months ago
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3 years, 2 months ago
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3 years, 3 months ago
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3 years, 3 months ago
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3 years, 5 months ago
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3 years, 7 months ago
2021 could be the best year for Unicorns
3 years, 7 months ago
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4 years, 4 months ago
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4 years, 4 months ago

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