Indian startups Ecosystem
Indian startups Ecosystem India has become the 3rd largest in the world in terms of no. of Unicorns 1 out of 10 is the Indian unicorns on 6 may the ministry of commerce and industry talk about Indian 100 unicorn startup neobank (OPEN) startup became 100th Unicorns in India with latest funding $50 million from IIFL the 100 unicorns with total valuation of $332.7 billion Unicorns is refereed to that startup which attain a 1 billion or more valuation In years 2021 the total 44 no of startups was attaind unicorn club throughout the year the total valuation is $93 billion and in just 5 month of 2022 there are 16 unicorns born with valuation $18.9 billion Ministry of india data shows that since the lounch of thr startup india initiative on 16th jaunary 2016 more than 69000 startups has been recognize in the country till 2nd may 2022 In FY 16-17 only one unicone was being added every year over the last 5 years 17,18,19,20,21 this no has been increasing exponentially with 66% ye