The start-up ecosystem in India is the third largest in the world after the US and China. The India unicorn bandwagon is led by edtech player Byju’s ($22 billion), food delivery start-up Swiggy ($11 billion), and fantasy gaming company Dream11 ($8 billion).
Nearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU s (White Hat Jr, Toppr), Unacademy, Vedantu, Cars24, Mobile Premier League (MPL), Lido Learning, Mfine, Trell, farEye, Furlanco and more.
Our spectacular run of new unicorns reflects a Schumpeterian embrace of risk that should eventually serve the Indian economy well. Till then, tax reforms could advance the cause