India is becoming a global unicorn hub. Here’s why
The year 2020 witnessed a slew of unicorns emerge. A total of 11 unicorns emerged in the last 12 months, and 2021 saw its first unicorn already. The current total stands at 37, a growth of 33% over 2019!
India is the world’s third-largest startup ecosystem and it is surely the fastest growing. These companies have grown exponentially, and not despite, but because of the pandemic. They leveraged changing consumer behaviour and quickly tweaked / swiveled themselves to cater to the needs of the customers. These companies underlined the fact that focus on the market and the customer ensured they grew. And marquee investors from India and around the world backed them with funds. Each of these companies have raised funds and created value for their investors.
Read More at https://www.fortuneindia.com/opinion/india-is-becoming-a-global-unicorn-hub-heres-why/105166