MARCH 20224India has successfully created one of the world's fastest growing start-up ecosystems in the world. With a large number of innovative start-ups, seeing the light of day, the Indian startup ecosystem has emerged as the third-fastest growing hub globally. According to the Economic Survey 2021-22, DPIIT has recognized more than 61,400 start-ups in India, with at least 14,000 being recognized during fiscal 2022 itself. The survey further added, "Start-ups in India have grown remarkably over the last six years. The number of new recognized start-ups has increased to over 14,000 in 2021-22 from only 733 in 2016-17."In today's world, one unicorn out of every ten is being born in India.According to InvestIndia, India had 85 unicorns worth $287.89 billion as of January 28, 2022. 2021 saw a record 44 new unicorns being born, with a total value of $90.67 billion, and nine unicorns have already joined the coveted club within the first two months of 2022. Aside from fintech, the unicorn universe is dominated by e-commerce grocery, SaaS, and marketplace players.Although each start-up's path to becoming a unicorn is different, the average time for a start-up to become a unicorn is 6 months to 37 years. In 2021, Mensa Brands became a unicorn in just 6 months, making it one of Asia's fastest growing unicorns.India has also produced four `Decacorns' (companies valued at more than $10 billion) namely, Flipkart, BYJUs, Paytm, and Swiggy.Not stopping at this, Indian startups have also made their presence felt by going public. In April-November 2021, Rs 89,066 crore was raised through 75 IPO issues, much higher than in any year in the last decade.January 2022 has already seen several Indian start-ups receiving record investments of up to $3.5 billion through 130 deals, a decadal high in the midst of a global market downturn and an indication of sustained investor interest.Going forward India's start-up population is expected to surpass 100,000 by 2025, which is slated to result in the creation of over 3.25 million jobs. Indian startups will alsoraise over $150 billion, generating a total value more than $500 billion going forward. The great Indian startup story will continue to unfold and surprise us all.Do let us know your thoughts. Rachita SharmaSpecial EditorThe Indian Startup Story Unfolding More Glorious ChaptersEDITOR'S NOTE Vol 7 · Issue 10 - 1 · March - 2022 Publisher Alok Chaturvedi Special Editor Rachita Sharma Editorial Team Aparna Roy Likhith Aradhya Monica Pallavi J Sigma Mohanty Sales & Marketing Mishal Dsouza Tapas Mallick Editorial Queries startupcity@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2022 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualiser Souvik AcharyaGM Sales & Marketing Virupakshi PattarsiliconindiaIndiaKoru UX Design LLP6th Floor, 602, Pride House,Near Chaturshringi Mandir,Ganeshkhind Road, Shivaji Nagar,Pune - 411016 IndiaContact us todayto get started+91 84848 86545hello@koruux.comwww.koruux.comUSAKoru UX Design Inc.Chevy Chase Drive,Austin, Texas, 78752, USADrive more ROIfrom your enterprise application and SaaS products with a UX AuditPlan your business roadmap for 2020 based on what's working for your application and what needs to be changed. Get a UX audit to find out what are the crucial pain points for the users of your application.
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