Indian cities rise in global start-up ranks, China’s ecosystems slip
2 years, 6 months ago

Indian cities rise in global start-up ranks, China’s ecosystems slip

Live Mint  

Several Indian ecosystems have risen in the global start-up ecosystem rankings, most notably Delhi, according to a report. Delhi is 11 places higher than in 2021, entering the top 30 for the first time at 26, says a report by Startup Genome, a policy advisory and research organization for public and private organizations. The performance of Chinese startup hubs is declining for the first time since the global startup ecosystem ranking report has been published. GLOBAL STARTUP ECOSYSTEM RANKING Other findings from the report: A record 540 companies achieved unicorn status in 2021, up from 150 in 2020.

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VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November
2 weeks, 5 days ago

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November

New Indian Express  

Meanwhile, private equity funding in start-ups stood at $4.69 billion in January-November 2024, compared to $4.59 billion in 2023 and $14.95 billion in 2022 during the same period. Zepto raised $665 million in June and in August, it raised $340 million, and these were the top two funding rounds in 2024 so far. Late-stage funding remains cautious, with constrained valuations.” …

Kerala startup ecosystem registers 254 per cent growth: Study
6 months, 1 week ago

Kerala startup ecosystem registers 254 per cent growth: Study

New Indian Express  

KOCHI: According to The Global Startup Ecosystem Report 2024 released by a leading development organisation, the value of Kerala’s startup ecosystem has shown a compound growth of 254% between July 1, 2021, to December 31, 2023, compared to the July 1, 2019, -December 31, 2021, period. The extensive analysis is done with data from 4.5 million startups across 300 global …

【双语财讯】2024全球独角兽榜出炉 中国以340家位居第二
8 months, 1 week ago

【双语财讯】2024全球独角兽榜出炉 中国以340家位居第二

China Daily  

胡润研究院9日发布的《2024全球独角兽榜》显示，全球独角兽企业数量达到1453家，中国有340家独角兽企业，总数位居全球第二，而美国则以703家独角兽企业位居第一。报告称，中国的独角兽企业主要分布在人工智能、半导体和新能源领域。 Led mainly by artificial intelligence, semiconductors and new energy, China developed 56 new unicorns in 2023, following the United States' 70 such firms, according to a global unicorn index released on Tuesday. 胡润研究院9日发布的《2024全球独角兽榜》显示，得益于人工智能、半导体和新能源的发展， 2023年中国新增56家独角兽企业，仅次于美国的70家。 The Global Unicorn Index 2024 is a ranking of the world's start-ups founded after 2000 that are worth at least 1 billion US dollars and …

【双语财讯】2024全球独角兽榜出炉 中国以340家位居第二
8 months, 1 week ago

【双语财讯】2024全球独角兽榜出炉 中国以340家位居第二

China Daily  

胡润研究院9日发布的《2024全球独角兽榜》显示，全球独角兽企业数量达到1453家，中国有340家独角兽企业，总数位居全球第二，而美国则以703家独角兽企业位居第一。报告称，中国的独角兽企业主要分布在人工智能、半导体和新能源领域。 Led mainly by artificial intelligence, semiconductors and new energy, China developed 56 new unicorns in 2023, following the United States' 70 such firms, according to a global unicorn index released on Tuesday. 胡润研究院9日发布的《2024全球独角兽榜》显示，得益于人工智能、半导体和新能源的发展， 2023年中国新增56家独角兽企业，仅次于美国的70家。 The Global Unicorn Index 2024 is a ranking of the world's start-ups founded after 2000 that are worth at least 1 billion US dollars and …

2 Ningbo companies listed as unicorns
8 months, 1 week ago

2 Ningbo companies listed as unicorns

China Daily  

An electric car developed by Zeeker. Two additional companies based in Ningbo, Zhejiang province, have been recognized as unicorns, according to the Global Unicorn Index 2024 released by the Hurun Research Institute on April 9. The two companies, Zeeker and Rong Semiconductor, secured the 28th and 482nd positions on the list, with valuations reaching 92 billion yuan and 16 billion …

India Ranked Third With 67 Unicorns, More Indians Producing Offshore Startups: Hurun Report
8 months, 2 weeks ago

India Ranked Third With 67 Unicorns, More Indians Producing Offshore Startups: Hurun Report

News 18  

India currently has 67 unicorns, which is lower as compared with 68 such startups last year, according to the latest Hurun Global Unicorn Index 2024. “India’s start-up ecosystem has slowed, with the number of unicorns down for the first time since the launch of Hurun list,” according to the report. Hurun Report Chairman and Chief Researcher Rupert Hoogewerf said, “The …

How can India become the No. 1 nation for startups? Amitabh Kant has some advice
8 months, 4 weeks ago

How can India become the No. 1 nation for startups? Amitabh Kant has some advice

India Today  

In the past eight years, India has transformed from having just 300 startups to becoming the third largest startup ecosystem globally with over 1,12,000 startups, said G20 Sherpa and former Niti Aayog CEO Amitabh Kant during the inaugural keynote address at the 'Startup Mahakumbh' held in New Delhi between March 18 and March 20. Here are the five pivotal things …

Art of a Good Unicorn | Startup founders, unlock golden opportunities through PE-VC investments
11 months ago

Art of a Good Unicorn | Startup founders, unlock golden opportunities through PE-VC investments

Hindustan Times  

In recent times, it feels like we're standing on a ledge combining innovation and risk. In H1 2023, India’s PE-VC investments were said to hit about $21 billion, compared to $40 billion during the corresponding period last year, according to a report by Bain and Company. Despite global slowdown, PE-VC investments continued to trend in India in 2023 But in …

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 …

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 …

The Art of a Good Unicorn | Geopolitical implications of AI's emergence
1 year, 3 months ago

The Art of a Good Unicorn | Geopolitical implications of AI's emergence

Hindustan Times  

In the second half of 2022, OpenAI released ChatGPT 3.5, which seemed to revolutionize the advent of generative Artificial Intelligence. AI can even reshape the financial landscape by designing and delivering financial products, helping Indian startups, improving India’s agricultural ecosystem, healthcare and more. As the race for AI dominance escalates, it could fuel geopolitical rivalries, as nations strive to harness …

The Art Of A Good Unicorn| Unwrapping the prolonged funding winter
1 year, 4 months ago

The Art Of A Good Unicorn| Unwrapping the prolonged funding winter

Hindustan Times  

Once dominated by unicorns, the Indian startup scene is now grappling with a prolonged funding winter, stricter diligence on fresh investments and down rounds if the latest deal data is anything to go by. Despite the significant dry powder earmarked for Indian start-ups, the ecosystem reported the lowest six-month funding trends in the last four years during H1 CY23 at …

Indians are highest creators of ‘Unicorn’ companies in the US, in list of foreign-born founders
1 year, 5 months ago

Indians are highest creators of ‘Unicorn’ companies in the US, in list of foreign-born founders

Hindustan Times  

United States of America boasts itself as the land of the free and the innovative. According to the official Twitter account "World of Statistics", 56% of the unicorn founders in the US were born in the nation but 44% were born outside the US. Interestingly, 90 of the unicorn founders in the US, hail from India, which is the highest …

Top 5 cities in India for startups
1 year, 7 months ago

Top 5 cities in India for startups

Live Mint  

India is now the hub of 'Start-up' ecosystem in the world, ranking third with 90,000 'Start-Ups' and 107 unicorn companies worth $30 billion, said Union minister Anurag Thakur in February this year. 1) Bengaluru: Bengaluru, the Silicon Valley of India, is also known as the city for startups as it has the most conducive atmosphere for trade and digitalization. 2) …

Silicon Valley Bank Crisis: How India Can Save Its Fledgling Startup Ecosystem
1 year, 9 months ago

Silicon Valley Bank Crisis: How India Can Save Its Fledgling Startup Ecosystem

The Quint  

With more than 5,000 funded start-ups having raised over USD 135 billion in capital investment, India boasts of the third largest startup ecosystem in the world, which has also spawned more than 100 unicorns. While e-commerce and fintech have received more than half of the total investment, enterprise tech, Edutech, health-tech, and other sectors have seen many startups growing into …

India adds 1,300 new startups, 23 unicorns
1 year, 10 months ago

India adds 1,300 new startups, 23 unicorns

Deccan Chronicle  

Chennai: Over 1,300 technology-focused start-ups were added in 2022, taking the total number of active tech start-ups to 25,000 – 27,000. India also added the second highest number of unicorns in the world — over 23 in 2022. The country also added the second highest number of unicorns in the world, with over 23 added in the calendar year 2022. …

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 …

Data | Indian startups founded in 2021 took only 28 months to go from seed stage to Series A funding: RBI paper
1 year, 10 months ago

Data | Indian startups founded in 2021 took only 28 months to go from seed stage to Series A funding: RBI paper

The Hindu  

A recent article titled ‘What drives startup fundraising in India?’ was published as a part of the January 2023 issue of the Reserve Bank of India’s monthly bulletin. The article also points out that the number of months taken by startups in India to climb up the funding ladder has drastically declined in recent years. Only those entities which work …

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 …

Indian startups see decline in funding activity, at two-year low levels: Report
2 years, 2 months ago

Indian startups see decline in funding activity, at two-year low levels: Report

Live Mint  

The global slowdown in funding continues with start-up funding in India in Q3 CY22 hitting a two-year low at $2.7 billion across 205 deals, as per the PwC India report titled - Startup Deals Tracker for the third quarter of the current year. Early stage deals contributed around 21% of the total funding by value in Q3 CY22 compared to …

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 …

Startup Ranking 2021: Gujarat, Karnataka, Meghalaya top achievers, check category-wise best performers
2 years, 5 months ago

Startup Ranking 2021: Gujarat, Karnataka, Meghalaya top achievers, check category-wise best performers

India Today  

The department for promotion of industry and internal trade has announced the startup rankings 2021, a study that included 24 states and 7 UTs in total, and ranked them in the categories of -- best performers, top performers, leaders, aspiring leaders, and developing startups. The exercises were created in order to help states and union territories build local startup ecosystems …

Despite 'Funding Winter', Hurun Says 122 More Startups Can Become Unicorns in 4 Yrs
2 years, 5 months ago

Despite 'Funding Winter', Hurun Says 122 More Startups Can Become Unicorns in 4 Yrs

News 18  

Despite the ongoing ‘funding winter’ which can impact start-up valuations, the number of unicorns or startups valued at over USD 1 billion will grow by 122 to cross the 200 companies mark in the next four years, a report said on Wednesday. The number of unicorns stand at 84 right now as against 51 in the year-ago period, and there …

Indian startups continued to create wealth even during COVID: PM Modi
2 years, 6 months ago

Indian startups continued to create wealth even during COVID: PM Modi

The Hindu  

Noting that the number of unicorns in India has reached the 100-mark, Prime Minister Narendra Modi on May 29 said that even during the COVID pandemic, India's startups continued to create wealth and value. This means that even during the global pandemic our startups continued to create wealth and value," he said. Mr. Modi said the average annual growth rate …

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 …

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding
2 years, 7 months ago

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding

ABP News  

New Delhi: Open, a neobanking fintech portal, became unicorn on Monday after it raised fresh capital which pushed up its value over a billion dollars. 🥳 But before that here's the #Unicorn🧵summarizing our journey so far👇 pic.twitter.com/FsfSOpK5Bp — Open Money May 2, 2022 According to news reports, in a Series D funding round, the five-year-old neobank raised $50 million from …

India's Unicorn Boom Continues in 2022: 13 Recorded So far, May Touch 100 This Year
2 years, 8 months ago

India's Unicorn Boom Continues in 2022: 13 Recorded So far, May Touch 100 This Year

News 18  

This week India found its 13th unicorn of 2022, marking one of the country’s quickest rates of unicorn formation to date. The rapid development of unicorns this year—roughly one per week—indicates that the investment boom in 2021 wasn’t a fluke and that foreign investors who flocked to India last year are still interested in the country’s prospects, despite the global …

Indian startups should build products for the world to sustain wave
2 years, 8 months ago

Indian startups should build products for the world to sustain wave

Live Mint  

Entrepreneurs driving India’s great tech wave should build products for the globe, as they might find it difficult to sustain the wave with only India as their market, feel tech investors and startup founders. “We may have to look at Indian companies actually building global platforms and global businesses as against just only focusing on India for a short- to …

India has Created a Unicorn Every Five Days in 2022 So Far, Says Piyush Goyal
2 years, 10 months ago

India has Created a Unicorn Every Five Days in 2022 So Far, Says Piyush Goyal

News 18  

Starting 2022 on a high, 8 new Indian startups have made it to the list of Unicorns in the first 40 days of the year. Making the announcement on Twitter, Minister of Commerce, and Industry, Piyush Goyal revealed that India has created a unicorn every five days in 2022 so far. https://twitter.com/PiyushGoyal/status/1492377133209223169?s=20&t=_R1JER_Se3-eGa847O9vvw Earlier last month, Goyal, while speaking at the …

India has 83 unicorns with a total valuation of $277.77 bn: Economic Survey
2 years, 10 months ago

India has 83 unicorns with a total valuation of $277.77 bn: Economic Survey

The Hindu  

India had 83 ‘unicorns’ with a total valuation of $277.77 billion, as on January 14, 2022, according to the Economic Survey 2021-22 released by the Ministry of Finance on Monday. The year 2021-22 had so far been ‘an exceptional year’ for the primary markets with a boom in fundraising via initial public offerings by many new-age companies and technology start-ups, …

Indian startups raised record USD 24.1 billion in 2021, reports Nasscom
2 years, 11 months ago

Indian startups raised record USD 24.1 billion in 2021, reports Nasscom

New Indian Express  

NEW DELHI: Indian startups raised a record $24.1 billion in 2021, a two-fold increase over pre-Covid levels, while $6 billion were raised via public markets with 11 startup IPOs, a new Nasscom report said on Friday.The Indian tech startup base continues to witness steady growth, adding over 2250 startups in 2021, which is 600 more than 2020. India, accounting for …

Central Govt Announces First-Ever Startup India 'Innovation Week'
2 years, 11 months ago

Central Govt Announces First-Ever Startup India 'Innovation Week'

News 18  

The Centre will organise the first-ever Startup India “Innovation Week” from Monday to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc under one platform to celebrate entrepreneurship and promote innovation, and to showcase the spread and depth of entrepreneurship across India, an official statement said. According to the Commerce and Industry Ministry statement, the …

What explains India's unicorn boom in 2021?
3 years ago

What explains India's unicorn boom in 2021?

Business Standard  

About a week ago, an Indian startup founder quipped on Twitter that the definition of a ‘Unicorn’ as used in the venture capital industry should now change to $1 billion of funding raised. In a blockbuster year for startup funding, India saw creation of 42 unicorns, a three times jump from 11 new unicorns in 2020 and nine in the …

Over-valued unicorns in a distressed economy
3 years, 1 month ago

Over-valued unicorns in a distressed economy

The Hindu  

Early this month, the biggest-ever initial public offering in India fell flat on its face on the first day of its listing in the stock exchange, with shares being traded at prices less than 27% of the IPO price. An ecosystem which combines thriving digital payments, a growing smartphone user base and digital-first business models adopted by many start-ups has …

Global venture capital funds flock to India as China's appeal dims: Report
3 years, 1 month ago

Global venture capital funds flock to India as China's appeal dims: Report

Hindustan Times  

India is receiving investment from venture capital firms from around the world, suggesting a breakout moment for the country's startups, Nikkei Asia reported on Sunday. Citing the overall data from Tracxn, Nikkei Asia said that 597 venture capital firms have made 2,284 deals so far this year. Talking about the situation in China, the report said that Beijing's regulatory crackdown …

It's Raining Unicorns in India: 30 Startups that Entered $1-Billion Club in 2021
3 years, 2 months ago

It's Raining Unicorns in India: 30 Startups that Entered $1-Billion Club in 2021

News 18  

It’s raining unicorns in India this year. India has added three ‘unicorns’ per month in 2021 to nearly double the overall number of startups valued at over $1 billion to 51 as of end-August, as per a report by the Hurun India. Here is the list of other Indian startups that marked their spots in the unicorn club this year …

No more a myth: 30 startups join the unicorn club in 2021
3 years, 2 months ago

No more a myth: 30 startups join the unicorn club in 2021

Hindustan Times  

A decade since the birth of its first unicorn—InMobi, a provider of advertising services for mobile phones—India has proved that these capital-fuelled creatures aren’t so rare, minting 30 of them in 2021 so far. By 2025, the country is expected to host as many as 62,000 startups, including 100 unicorns, according to an October 2020 report prepared by TiE- Delhi, …

India becomes third largest Unicorn ecosystem in the world: Report
3 years, 3 months ago

India becomes third largest Unicorn ecosystem in the world: Report

Op India  

Hurun India released the Hurun India Future Unicorn List 2021 on September 2, 2021 which ranks start-ups founded in 2000s, with a worth of at least US$200mn, or INR 1,500 crores. This is a lost opportunity for India and it is important that these start-ups are incentivized to stay back in the country.” Source: Hurun Research Institute Anas Rahman Junaid, …

Indian unicorns double in 2021; regulatory scene forcing some startups to leave: Report
3 years, 3 months ago

Indian unicorns double in 2021; regulatory scene forcing some startups to leave: Report

The Hindu  

India added three 'unicorns' per month in 2021 to nearly double the overall number of startups valued at over $1 billion to 51 as of August-end, a report said on Thursday. Even as cumbersome regulations are forcing startups to leave India and settle in other countries where they enjoy better treatment, as per the Hurun India, which prepared the list. …

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

News 18  

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 …

2021 appears set to be the best year for unicorns
3 years, 7 months ago

2021 appears set to be the best year for unicorns

Hindustan Times  

Unicorn companies are described as privately held startups with a valuation of over $1 billion. Paytm is India’s highest value Unicorn, 7 more were added to the unicorn list in 2021 In India, the top three unicorn companies are One97 Communications, the ed-tech based Byju’s, and travel-based OYO Rooms. CB Insights data shows that United States is the world’s best …

2021 could be the best year for Unicorns
3 years, 7 months ago

2021 could be the best year for Unicorns

Hindustan Times  

Unicorn companies are described as a privately held startup company with a valuation of over $1 billion. Paytm is India’s highest value Unicorn, seven more were added to the Unicorn list in 2021 In India, the top three Unicorn companies are One97 Communications, the ed-tech based Byjus, and travel-based Oyo rooms. The US has more Unicorns than India and China …

India adds 1600 tech startups in 2020: Nasscom
3 years, 10 months ago

India adds 1600 tech startups in 2020: Nasscom

Live Mint  

India added more than 1,600 tech startups in 2020, making it the third-largest tech startup hub in the world, industry body Nasscom said in its Strategic Review 2021 titled ‘New World: The Future is Virtual’. Indian tech contributed about 8% relative share to the national gross domestic product, despite headwinds in 2020, with 52% relative share in services exports and …

Aim to See Delhi Among Top 5 Global Destinations for Startups, Says Kejriwal as He Begins Process for New Policy
4 years, 4 months ago

Aim to See Delhi Among Top 5 Global Destinations for Startups, Says Kejriwal as He Begins Process for New Policy

News 18  

Delhi Chief Minister Arvind Kejriwal on Saturday held a meeting with a panel of industry leaders and young entrepreneurs to kick-start the consultation process for Delhi’s new policy on start-ups. “The new start-up policy aims to accelerate the growth of start-ups in Delhi and transform the city to make Delhi as one of the top 5 global destinations for start-ups,” …

21 Indian Startups are 'Unicorns' Valued over $1 Billion, Just a Tenth of China's: Study
4 years, 4 months ago

21 Indian Startups are 'Unicorns' Valued over $1 Billion, Just a Tenth of China's: Study

News 18  

India is home to 21 unicorns, or startups with over USD 1 billion in valuation each, and 40 more of such companies have been founded overseas by people of Indian origin, a report said on Tuesday. With the 21 unicorns collectively valued at USD 73.2 billion, India is the fourth biggest in terms of unicorns, behind the US, China and …

Will Not Hesitate to Take More Action to Fuel Growth: RBI Guv Assures India Inc
4 years, 4 months ago

Will Not Hesitate to Take More Action to Fuel Growth: RBI Guv Assures India Inc

News 18  

RBI Governor Shaktikanta Das on Monday assured the industry that the central bank was closely monitoring the economic situation and will not hesitate to take appropriate action, as he underlined the need for stepping up investment in the infrastructure sector to reignite growth hit by the COVID-19 crisis. Reflecting on some other dynamic shifts underway in the Indian economy, Das …

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