Budget 2023 | Government extends support measures for start-ups
1 year, 10 months ago

Budget 2023 | Government extends support measures for start-ups

The Hindu  

Asserting the importance of entrepreneurship for the economic development of the country, Finance Minister Nirmala Sitharaman on Wednesday proposed to extend the period of incorporation for income tax benefits to eligible start-ups by one more year till March 31, 2024. India is now the third-largest ecosystem for start-ups globally and ranks second in innovation and quality among middle-income countries,” Ms. Sitharaman said as she presented the Union Budget 2023-24 in the Lok Sabha. The Finance Minister also proposed to extend the benefit of carry forward of losses on change of shareholding of start-ups to 10 years of incorporation, from the current seven years. In January 2016, the government launched the Startup India initiative to build a strong ecosystem for nurturing innovation and encouraging private investments in the startup ecosystem.

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History of this topic

Public procurements may come with startup quotas
3 weeks ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

India Sets Up $119 Million Fund for Space Startups: A Step Towards Boosting Space Ambitions
1 month, 4 weeks ago

India Sets Up $119 Million Fund for Space Startups: A Step Towards Boosting Space Ambitions

Firstpost  

India has approved a $119 million venture capital (VC) fund to support space start-ups in the country. The fund will provide capital to 40 start-ups over the next five years, with an average deployment amount ranging from Rs 10-60 crore. This fund is expected to have a significant impact on India's space ambitions, boosting the country's space economy and creating …

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi
4 months, 3 weeks ago

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi

New Indian Express  

NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha. He stated that the Government, to build a strong ecosystem for nurturing innovation, startups, and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on January …

Karnataka govt. offered ₹60 crore funding to 263 start-ups
4 months, 4 weeks ago

Karnataka govt. offered ₹60 crore funding to 263 start-ups

The Hindu  

As many as 263 start-ups were offered funding of over ₹60 crore by the Department of Information Technology and Biotechnology of Karnataka in 2022 and 2023, according to a report released here on Wednesday. According to the report, among the 263 winners, women entrepreneurs lead 47 start-ups, and 119 start-ups are from tier II and III cities in the State, …

Budget 2024: Abolition of angel tax will improve startup ecosystem, foster innovation in Odisha
5 months ago

Budget 2024: Abolition of angel tax will improve startup ecosystem, foster innovation in Odisha

New Indian Express  

BHUBANESWAR: The startups have much to cheer about the announcements made by Union Finance minister Nirmala Sitharaman on Tuesday. Addressing a long-standing demand, she introduced significant reforms, including abolition of angel tax for all investors, to support small businesses and foster innovation. “The abolition of the angel tax for all classes of startup investors could be a game-changer for the …

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’
5 months ago

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday announced the creation of a ₹1,000 crore venture capital fund in the Budget 2024 aimed at expanding the space economy “fivefold over the next decade”. The new venture capital fund is expected to stimulate private sector involvement in space activities, supporting startups and established firms in advancing innovative space technologies. News agency PTI …

Incentives for start-ups, ONDC expansion: What Paytm’s Vijay Shekhar Sharma expects from Union Budget
5 months, 2 weeks ago

Incentives for start-ups, ONDC expansion: What Paytm’s Vijay Shekhar Sharma expects from Union Budget

Live Mint  

One 97 Communication also known as Paytm, founder Vijay Shekhar Sharma expects the focus to be on digitisation and start-ups getting support from the upcoming Union Budget 2024, the founder told ANI during an event on Saturday, July 6th. “My expectation from the Government of India is to promote ONDC further because ONDC is in a way becoming an e-commerce …

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget
6 months, 2 weeks ago

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget

ABP News  

The Commerce and Industry Ministry could be looking for more funds for start-ups in the upcoming Budget, an official said. Announced in April 2021 with a corpus of Rs 945 crore, the fund was launched to help provide financial assistance to new businesses for proof of concept, prototype development, product trials, commercialisation, and market entry. According to a report by …

Boost for start-ups, cheaper education and healthcare: what young voters in Kolkata want
7 months ago

Boost for start-ups, cheaper education and healthcare: what young voters in Kolkata want

The Hindu  

Young voters in Kolkata, including first-time voters, say they would cast their ballot this Lok Sabha election with the expectation that the new government would encourage start-ups and also promise cheaper education and healthcare. Swastik Mandal, another first-time voter, said, “I expect proper allocation of resources to institutes and the creation of a conducive atmosphere for external companies to invest …

Rahul, a Start-up That Fails Often, Says Modi
9 months ago

Rahul, a Start-up That Fails Often, Says Modi

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Wednesday took a subtle swipe at Congress leader Rahul Gandhi by highlighting the difference between political startups and business startups. Without naming anyone, Mr Modi said, “Some in politics need to be repeatedly launched.” Speaking after inaugurating the "Startup Mahakumbh" at Bharat Mandapam, Mr Modi said that many people launch startups. Expressing satisfaction …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months ago

India’s startup growth to pave way to developed nation by 2047: PM Modi

Live Mint  

India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. In the field of Intellectual Property Rights, India is moving towards becoming the leading country among the top countries.” The Startup Mahakumbh was organized in collaboration with various entities, including Assocham, …

Interim Budget enthuses startups with extension of tax expiry exemption by a year
10 months, 3 weeks ago

Interim Budget enthuses startups with extension of tax expiry exemption by a year

The Hindu  

Although the Interim Budget for 2024-25 did not propose any changes in existing taxation, startups are offered certain tax benefits by way of extension of exemptions. According to the Budget document, certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain income of some International Financial Services Centre units are …

Funding winter: Bengaluru’s start-ups on thin ice
11 months ago

Funding winter: Bengaluru’s start-ups on thin ice

The Hindu  

Vinay was hired by an Indian unicorn soon after he finished his Master’s degree in June 2022. “We recently had a town hall where the CEO announced that the company is struggling and we may not get any raises this year.” Vinay is one among the thousands in India who got laid off in 2023 after a severe funding winter …

National Startup Day: Visionaries speak on new ventures’ role in driving growth
11 months, 1 week ago

National Startup Day: Visionaries speak on new ventures’ role in driving growth

Live Mint  

National Startup Day: In recent years, Indian startups have experienced extraordinary growth, propelling the country to the position of the third-largest startup ecosystem globally. Celebrating National Startup Day on January 16, key figures in the startup ecosystem shared insights on the crucial role the new ventures played in shaping India's future. India recorded over 112,718 DPIIT-recognised startups spanning 763 districts …

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024
11 months, 1 week ago

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024

India Today  

2023 was a marvelous year for the Indian Space Industry with the successful launch of Chandrayaan-3 and the Aditya-L1, India’s first solar mission. Indian space startups have become a strong pillar for the private space industry in the last decade, especially after the landmark decision to open the Indian space sector to private companies by Prime Minister Narendra Modi in …

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget
1 year ago

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget

Live Mint  

Budget 2024: India has emerged as the third largest ecosystem for startups globally with over 116,679 recognized ventures across the country. {{^adFree}} {{/adFree}} India has emerged as the third largest ecosystem for startups globally with more than 1,16,679 DPIIT-recognized ventures across the country, according to data available on the Startup India portal. “This will be the first budget after the …

For start-ups, ethics and values will define legacy
1 year, 1 month ago

For start-ups, ethics and values will define legacy

Hindustan Times  

Over the past decade, the Indian start-up ecosystem has witnessed a remarkable transformation. Indian start-ups have achieved impressive milestones with over 100 unicorns including companies such as Flipkart, Ola, Paytm, and Zomato and garnering substantial attention. It’s also interesting to note that Indian entrepreneurs have not only excelled domestically but have expanded their operations internationally, making India a global player …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 2 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

Starting your own business? These govt schemes can support your startup in India
1 year, 6 months ago

Starting your own business? These govt schemes can support your startup in India

Live Mint  

In this era of startups, India is leading the world as the country has created a robust ecosystem for businesses and entrepreneurs. List of schemes launched to help Indian startups 1) Multiplier Grant Scheme: The Department of Electronics and Information Technology initiated the Multiplier Grant Scheme to empower collaborative research and development among industries which helps to boost the growth …

Women start-ups, entrepreneurs on the rise in Kerala: Kerala Startup Mission report
1 year, 9 months ago

Women start-ups, entrepreneurs on the rise in Kerala: Kerala Startup Mission report

The Hindu  

There has been a significant increase in the number of women start-ups and entrepreneurs in Kerala spurred by various schemes and projects implemented by Kerala Startup Mission. According to a report released by KSUM on the eve of International Women’s Day, the number of women start-ups under KSUM has gone up to 233 in the first three months of 2023 …

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision
1 year, 10 months ago

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision

Deccan Chronicle  

The technology-driven Rs 45 trillion spending Budget 2023-24 includes a futuristic “Amrit Kaal” for women, youth, members of the marginalised communities, productivity improvements, energy transition, climate action, investment finance, and major public sector investments in infrastructure led by the Prime Minister’s Gati Shakti. CII has established Intellectual Property Rights facilitation centres in different parts of the country to help SMEs …

Budget 2023: Towards a Prosperous and Digitally Empowered India - News18
1 year, 10 months ago

Budget 2023: Towards a Prosperous and Digitally Empowered India - News18

News 18  

At the onset of the Union Budget 2023 speech, Finance Minister Nirmala Sitharaman mentioned that India remains one of the world’s fastest-growing economies, despite global headwinds. One aspect that particularly came across in the budget announcements was the government’s commitment to building a tech and knowledge-focused economy, which will be a key driver in India’s growth story in the years …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 10 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy
1 year, 10 months ago

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy

Firstpost  

With emphasis on AI, 5G and technology and a focus on Green Growth, the Union Budget 2023-24 has emphasised on creating opportunities with sustainability. This is a very forward-looking budget and will most certainly help key stakeholders utilise opportunities for higher growth Finance Minister Nirmala Sitharaman presented a blueprint for an improved economy and reiterated her intention to bring the …

Morning Digest: February 2, 2023
1 year, 10 months ago

Morning Digest: February 2, 2023

The Hindu  

Jobs get highest mention in last Budget before elections In a bid to soothe several votebanks before the 2024 polls, the FM promises tax relief for the salaried middle class, schemes for artisans and tribal groups, sops for women and MSMEs, and jobs for youth. Defence budget up by 13%; hike in allocation for pension The Union Budget presented in …

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023
1 year, 10 months ago

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday presented the last full Budget of Modi 2.0 government ahead of the next Lok Sabha elections in 2024. The several initiatives announced for start-ups in Budget 2023 augur well for the growth of the vibrant start-up ecosystem in India besides promoting entrepreneurship and job creation. "The extension of incorporation date for tax exemption would …

Citizens\' expectations of the budget
1 year, 10 months ago

Citizens\' expectations of the budget

Deccan Chronicle  

With Union finance minister Nirmala Sitharaman all set to present the Budget on Wednesday, experts speak of their expectations. With India preparing to increase its spending towards the public health expenditure sector to 2.5 per cent of GDP by 2025, this sector can see a record increase. Nabhan Mahmood, real estate businessman Our recommendations to the ministry of finance include …

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners
1 year, 10 months ago

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners

Firstpost  

The Indian startup ecosystem has progressively matured in recent years owing to an overwhelming number of angels, venture capital funds, incubators, and accelerators, as well as government interventions such as Digital India and Startup India, which have accelerated the startup and investment activity across cities and new market segments. Here is what startups and investors expect from the union budget …

Union Budget 2023: Indirect tax reforms that India Inc expects from govt
1 year, 10 months ago

Union Budget 2023: Indirect tax reforms that India Inc expects from govt

India Today  

Riding high on the vigour encapsulated through propelling economic recovery, steadily fortifying the banking and financial system, the Narendra Modi-led government is all groomed to unveil its last full-fledged budget ahead of the general elections set to kick off in early 2024. Amidst a sharp rise in legal proceedings and litigations, it is expected that the government may announce the …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 10 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

India ideal for start-ups: Kishan Reddy
1 year, 10 months ago

India ideal for start-ups: Kishan Reddy

Deccan Chronicle  

HYDERABAD: Union minister Piyush Goyal on Saturday called for the creation of an international network of mentors, investors and entrepreneurs to strengthen the global start-up ecosystem while his Cabinet colleague G. Kishan Reddy said today’s youth wanted to be job creators instead of job-seekers. They were speaking at the inaugural session of Startup20 — the newest engagement group of G20 …

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation
1 year, 10 months ago

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation

Firstpost  

The year gone by would be remembered as a marquee year for the technology space, especially smart wearables, from an innovation and adoption standpoint in India. Attention to diversifying the vast pool of Indian talent will also help create new cutting-edge differentiation in the startup sector, enabling India to take center stage in the global ecosystem. Creating an ecosystem for …

US venture capitalists hope Budget 2023 supports growth, startup ecosystem
1 year, 10 months ago

US venture capitalists hope Budget 2023 supports growth, startup ecosystem

Business Standard  

US venture capital firms investing in India are expecting the Union Budget 2023 to support the growth and development of the startup ecosystem in the country, according to a top investor. As a US-based venture capital firm investing in India, we are keenly interested in policies and initiatives that will support the growth and development of the startup ecosystem in …

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class
1 year, 10 months ago

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class

News 18  

Budget 2023 Expectations: 'Healthcare Budget For Moving Towards Value-Based Care Model' Apurva Sule, Chief Business Officer, Heaps Health, said, “The National Health Authority, in its most recent announcement, plans to introduce a new system wherein the performance of the hospitals empaneled with the central flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana will be graded on value-based health care …

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist
1 year, 10 months ago

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist

ABP News  

India is home to the world’s third-largest start-up ecosystem after the US and China. "We are expecting additional tax benefits and lower tax rates and extending the scope of employee stock ownership plan taxation reforms to start-ups," said Lalit Arora, co-founder, VingaJoy, a firm that deals with consumer electronics. Shilpa Bhatia, founder, The Clothing Rental, an e-commerce portal said, “The …

Budget 2023 expectations: What does THESE leading corporates expect?
1 year, 10 months ago

Budget 2023 expectations: What does THESE leading corporates expect?

Live Mint  

The Union Budget 2023 will be presented by Finance Minister Nirmala Sitharaman on the Parliament on February 1. Prisma AI anticipates that the finance minister will allocate a greater overall budget towards AI and Technology for future ready solutions, which can include face-recognition based entry and ticket systems, ANPR plus GPS based tolls or turnstile activation, body posture estimation systems …

How Budget 2023 can help Indian Startups: Top 5 expectations
1 year, 11 months ago

How Budget 2023 can help Indian Startups: Top 5 expectations

India TV News  

Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. Among the few expectations and viewpoint that industry professionals put forth from the budget include: As per Ridhima Kansal, Director, Rosemoore, “The Indian start-up ecosystem is no more just a peripheral entity but is …

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives
2 years ago

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives

ABP News  

Union Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2022-23 on February 1, 2022. Hence, a natural expectation for most of India's population from Budget 2023 is to see a range of positive income tax changes to support households who have been hit by rising costs. There is palpable anticipation around the upcoming Budget 2023, which must …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

Sustainable funding and the Indian start-up ecosystem
2 years ago

Sustainable funding and the Indian start-up ecosystem

Hindustan Times  

India saw a staggering jump of 15,400% in the number of start-ups in just six years, going from 471 in 2016 to 72,993 in 2022. Despite the advancements made, India's businesses still face enormous obstacles that must be overcome if India is to become the world's leading start-up destination. The start-up ecosystem needs to create solutions that help companies in …

Here's how startups are changing students' mindsets today
2 years, 2 months ago

Here's how startups are changing students' mindsets today

India Today  

The Indian start-up ecosystem is moving at a scorching pace. Hitherto, more than 57,000 start-ups have been registered and the combined total start-up valuation is close to USD 450 billion. FROM SOUNDBITES TO SUBSTANCES As the center of gravity of the economy is shifting and start-ups are increasingly playing a larger role, the mindset of students is also changing. NO …

Start-up ecosystem: A goldmine of investment opportunities
2 years, 3 months ago

Start-up ecosystem: A goldmine of investment opportunities

Hindustan Times  

The word start-up was added to the layman's dictionary in January 2016 when the Government of India launched the Start-up India initiative. Economic survey 2022 highlighted that at least 14,000 start-ups were recognised by the department for promotion of industry and internal trade in India having at least one new start-up. The convergence of several factors is driving this investment …

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal
2 years, 4 months ago

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal

News 18  

Commerce & Industry Minister Piyush Goyal on Wednesday said 75,000 startups have been recognised in India and the startup ecosystem here continues to be fuelled by innovation, enthusiasm and entrepreneurial spirit. India is now home to 75,000 startups in the 75th year of Independence and this is only the beginning,” Goyal said in a tweet on Wednesday. pic.twitter.com/Dh6sVxUnLU — Piyush …

India witnesses a massive 15,400% rise in startups in last 6 years
2 years, 4 months ago

India witnesses a massive 15,400% rise in startups in last 6 years

Live Mint  

India registered a whopping rise of 15,400% in the number of startups that rose from from 471 in 2016 to 72,993 as on 30th June 2022. In a written reply to a question in the Rajya Sabha, Union Minster of State for Commerce and Industry Som Prakash stated that the Startup India initiative was launched in 2016 with the objective …

Beyond Bengaluru clusters will contribute $10 billion towards Karnataka’s tech industry by 2030
2 years, 5 months ago

Beyond Bengaluru clusters will contribute $10 billion towards Karnataka’s tech industry by 2030

The Hindu  

Bengaluru has been a progressive start-up ecosystem with several blessings. Funding is critical to start-ups, and Bengaluru is home to the top 115+ venture funds and several of angel investors supported by a matured mentor network that has been supporting the ecosystem. Dedicated policy Karnataka is the first state to come up with a dedicated start-up policy and which ensures …

Start-ups in India brace for ‘long and bitter winter’
2 years, 5 months ago

Start-ups in India brace for ‘long and bitter winter’

The Hindu  

With funding starting to dry up due to global macro-economic factors, the startup ecosystem in India is bracing itself for a “long and bitter winter” and potential mass lay-offs in the next 12-18 months, particularly in sectors such as ed-tech and gaming that got a significant push during the pandemic, according to experts. As per data from the Ministry of …

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees
2 years, 6 months ago

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees

News 18  

Although start-ups are resorting to lay-off of employees as they cite cost-cutting as the primary reason, data show that the overall funding for these new-generation enterprises during January-April this year is almost the same as last year and even the number of companies raising over USD 100 million is also higher than last year. Interestingly, the data showed that the …

India Needs 10 Lakh Start-ups To Generate 1 Crore Employment: Report
2 years, 7 months ago

India Needs 10 Lakh Start-ups To Generate 1 Crore Employment: Report

ABP News  

New Delhi: Indian start-ups have created more than 7 lakh employment across the country to date since the government rolled out the Startup India initiative on January 16, 2016. according to CMIE data, unemployment in the country hovers at 7.3 per cent in May, 2020, which means 7.3 per cent of the country’s workforce is jobless. The rate of unemployment …

Total 100 Unicorn Start-Ups In India Now But Only 23 In Profit: Report; Know In Details
2 years, 7 months ago

Total 100 Unicorn Start-Ups In India Now But Only 23 In Profit: Report; Know In Details

News 18  

With the country getting its 100th unicorn last week, Open, after it raised USD 50 million at a valuation of USD 1 billion, start-ups have so far raised over USD 80 billion from investors to date, creating a total market value of more than USD 300 billion. The year 2021 experienced a huge surge in the number of unicorns, registering …

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