News > The promise and pitfalls of India’s startup boom

The promise and pitfalls of India’s startup boom

02/12/2021 01:50 PM | Click to read full article

In his latest Mann Ki Baat broadcast on Sunday, Prime Minister Narendra Modi drew popular attention to India’s startup boom and the post-covid enlargement of our unicorn club.

Modi noted that India now has as many as 70 unicorns, defined as startups with valuations of $1 billion or above, and hailed the vibrancy of a space that frequently resets its own investment records.