The Future of Unicorns in India
Year: 2023
Type: article
Abstract: India, known for its youthful population and abundance of innovative minds, holds immense potential for fostering entrepreneurship. The country's swift adoption of emerging technologies, coupled with a strong dedication to people, products, and visionary thinking, characterizes the spirit of the 21st century. Unicorns, referring to startups valued at USD1 billion or more, have proliferated in India, with an impressive count of 108 as of December 2022. Many of these unicorns have emerged within the past few years, driven by IT prowess, consumer-centric approaches, and disruptive innovation. The Indian startup ecosystem has undergone a remarkable transformation, akin to a revolution. With 44 unicorns boasting a combined valuation of USD106billion, this surge has generated approximately 1.4 million direct and indirect job opportunities. Consequently, a conducive environment has been fostered to encourage entrepreneurial development across the nation. This study primarily focuses on unicorn startups in India and aims to review the existing literature through the analysis of secondary data obtained from diverse sources, including websites, journals, blogs, articles, and research papers.
Authors: Baliyan, Deepa, Kumar, Vinit
Institution: Government of Uttar Pradesh
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7204059394