UNICORN STARTUP STATISTICS

Most unicorn founders not natives, Pai says, urging CM not to create illiberal environment
Venture capitalist Mohandas Pai cautions Karnataka's chief minister Siddaramaiah against creating an illiberal environment that could stifle Bengaluru's growth. He highlights high taxes and infrastructural issues as primary concerns. Pai emphasizes the urgent need for economic reforms and responsible governance to ensure the city's prosperity.

India plans 25 small satellite launches annually with three SSLVs: IN-SPACe chairman
In an exclusive interview with ET, Pawan Goenka talks about India's vision for the private space sector, the nation's strengths in small satellite launches, and the potential for a SpaceX to emerge from India.

‘India can win in small satellite market, emerge niche player like SpaceX’: IN-SPACe chairman Pawan Goenka
Per Pawan Goenka, chairman of the Indian National Space Promotion & Authorisation Centre (IN-SPACe), the industry and government are focusing on making India a hub for small satellite launches, manufacturing and design, ground stations for satellite communication and space applications, and data services.

Indian unicorns see net workforce decline amid layoffs, restructuring: report
Indian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 employees. Despite overall decline, hiring surged in March 2024, led by companies like Paytm and BigBasket. Delhi-NCR experienced the highest workforce growth, while Mumbai, Pune, and Hyderabad saw reductions.

Breaking the bro code: Women in the Indian startup ecosystem call for accountability and change at the ET Soonicorns Summit 2024
Jo Aggarwal, Shanti Mohan, Shally Modi, Minu Margeret, and Rashmi Daga shared a blueprint for enabling and empowering women in India’s male-dominated startup ecosystem. Here are the highlights of the panel ‘Women in the Indian Startup Ecosystem: Breaking Barriers and Bridging the Gender Funding Gap’.

Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from this week. Let’s take a look.
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12,847 active startups and over 120 soonicorns in Karnataka: ET Soonicorns Summit 2024 returns to Bengaluru with ‘From Resilience to Resurgence’ theme—here’s why this summit matters
With the overarching theme ‘From Resurgence to Resilience,’ the ET Soonicorns Summit 2024 is poised to pave the path for strategic resurgence and sustainable recovery through the lens of ‘Recalibrate. Rebound. Reinvent’. Scheduled to take place in Bengaluru on September 20, 2024, get ready for an exciting edition dotted with power-packed sessions and speakers leading innovations in India today.
VC funding for women-led startups declined in 2023: report
A new report reveals a decline in VC funding for women-led businesses in India. According to WinPe, a non-profit organisation focused on gender diversity in private equity, the share of funding going to female founders dropped to just 9.3% in 2023, compared to 14.7% in 2021.
Only 22% of unicorns were started by solopreneurs in last decade: PrivateCircle
In the last decade, Indian unicorns saw 22% started by solopreneurs and 78% with two or more co-founders. Cofounder unicorns had 32% higher revenue. Bengaluru was a top headquarters, focusing on fintech. Effective resource utilization emphasized for success.
For entrepreneurs and investors, market capitalisation, more than GDP data, is what matters
The exuberance of Indian stock markets is well-timed when it comes to confidence, the all-important ingredient of economic growth. In the last few years, the rapid growth of the Indian startup sector spread optimism among the wider business community. During 2020-22, when the economy was roiled by Covid and consequent lockdowns, the rise in the number of unicorns at a fast clip did much to spread cheer - and some jealousy - in the business community.
Turning a blind eye to caste will only make things worse for India Inc
So, 80% of Indians belong to 'oppressed' caste groups. If this is how society is composed, then the logical expectation is for most professions to reflect this composition somewhat roughly, even if not exactly. It is like how from a bag of 80 blue and 20 orange balls, if you pick 10, you would expect to get eight blue and two orange balls. However, society is not like a bag of random balls that follow statistical laws of large numbers.
2014 is not a date, but a change; people rejected outdated phones to accept us: PM Modi
Modi took swipes at Congress-led UPA, saying just like outdated phones whose frozen screens wont work no matter how many swipes were done or buttons pressed, the previous government too was in such a frozen state.
ET Soonicorns Summit 2023: Key themes tracking the new growth frontiers for the Indian startup-tech economy
Ahead of the ET Soonicorns Summit 2023, to be held on August 26 in Bengaluru and later at Delhi NCR, we reveal the key themes and the power-packed tracks focused on creating a blueprint for building a resilient startup ecosystem and tracking the next frontiers of growth for the startup-tech innovation economy.
Silicon Valley startups brace for a summer of pain
As the market downturn drags on and investor cash remains hard to come by, more startups will start to run out of money, experts say. Some venture-backed companies will be forced to raise new funding even if it means agreeing to a lower valuation than they once secured, a deal called a down round, dreaded by founders and investors alike.
Why Narayana Murthy's caught unicorns by the wrong (marketing research) horn
The Infosys founder blames overestimation of market size by unicorns on poor market research in India. He may be missing ‘overambitious’ VCs for the trees.
Google Play celebrates 10 years: From content in regional languages to empowering local developers, the rise of Indian apps
Indian apps and games have witnessed a 150 per cent increase in time spent by users outside India.
Science born, science-based and science driven: PM Modi addresses the nation on crossing 100 crore vaccine landmark
Congratulating the nation, he said that this was no ordinary feat. The Prime Minister spoke of how even in remote areas of the nation, the vaccine was provided to citizens, free of cost.
View: Why India should focus on tech and innovation
Technology and innovation are the biggest drivers of change in the global economy. Now, at the cusp of the Fourth Industrial Revolution, they will determine the economic trajectory of nations more than ever before. By no means is India a leader in the global tech and innovation sweepstakes.
Paytm - the hottest startup of 2020: Wizikey report
Interestingly, as per the The Hottest Startups of 2020 report, all the top ten startups on the list are unicorns, namely Paytm, Dream11, Zomato, Ola, Swiggy, Big Basket, Oyo, Byjus, Snapdeal, and Unacademy (mentioned according to rank).
Turbostart ensures that Indian startups are here to stay, grow, and take over
Startup and looking to scale up aggressively? Know about this pan-India programme
Startups cutting employee costs
Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
Coffee, cafes and computers: Karnataka's new-age entrepreneurial journey
Born to a coffee grower, Siddhartha expanded his empire from a single outlet to a 1,750 cafes across cities.
Dreamers and dropouts: Stories from Stanford, cradle of unicorns
The university has invested more than $150 million in the Stanford-StartX Fund through the end of 2018.
Challenges for Indian startups: Sustain growth, be profitable, create real businesses
“From a signalling point of view being a unicorn is great,” says K Ganesh, copromoter GrowthStory, a venture building platform. Often, becoming a unicorn is as easy as convincing investors that you have a model that works!
How Venture Catalyst is turning HNIs even in smaller towns and cities into angel investors
Though 55% of ultra HNHs are estimated to be from Mumbai, Delhi, Chennai and Kolkata, 23% would come from cities like Raipur, Jamshedpur and Jaipur.
Having second thoughts about starting up? Time for rethink
What majority of influential people in startup sector have to say in a first-of-its-kind survey, there is no better time than now to begin a career in entrepreneurship.
Global startup accelerators hit the gas in India
For long, startup accelerators were considered supporting actors, merely helping a startup build business.
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