Startup: ‘Startup Ecosystem Reaches Self-Reliance’ | Bengaluru News


Bengaluru: IPO and Unicorn have created a flywheel effect in Indian tech The beginning The message is from a report by ecosystem Nasscom and a consultancy firm Zinov Which was released on Friday.
Zenov CEO Pari Natarajan said tech startup IPOs (last year were a record 11) and Unicorn (a record 42 IPOs were made last year) have raised huge funds, which these companies are investing in other tech startups in return. Using digital-age enterprises to buy the products they are creating. There is also IPO and venture funding, he said, creating wealth in the hands of individuals who are using it to provide seed funding to new tech ventures. Darwinbox, he said, is an example of a startup that has benefited from this – its HR management software is used by a number of Indian unicorns. “This will enable them to improve their production and sell to large Indian and global enterprises. The same thing is happening with many deep tech startups, “he said.
Debjani, President, Nasscom Ghosh Unicorn is not only investing in startups, they are also guiding them, he said.
The report `Indian tech start-up ecosystem: Year of the Titans’ shows that startups raised $ 24.1 billion last year, more than double the previous levels. Compared to 2020, the number of high-value deals (over $ 100 million deals) showing investor confidence has tripled.
The cumulative valuation doubled between 2020 and 2021, with the ecosystem estimated at $ 320- 30 330 billion.
The ecosystem is estimated to be the largest after the US and China. Its investment growth in 2021 was probably the highest in the world. Last year there was a big jump of 2,400 among angel investors. “India was behind angel investors. That has changed, “said Ghosh. She said Indian corporates are also working closely with startups, “investing significantly in them.” Last year, 260 corporate startups were active in connecting with the community; 170 in 2020. In 2021, some 175 corporates invested in startups, of which 52% were MNCs.
Ghosh said she was also encouraged by the growing diversity and inclusion – 30% of startups are now outside established hubs like Bengaluru and NCR; And 10-15% of startups have at least one female founder.
Natarajan said the time that startups are taking to create unicorns has shrunk significantly. Mensa BrandsUnicorn, for example, became in six months. He said this was partly because investors were looking for the best options to invest in the short term. But also because now there are experienced entrepreneurs – who have come out of successful ventures – who know how to build for the global market. “Investors have no qualms about investing heavily in such ventures,” he said.

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