OCTOBER 20224Leonardo da Vinci conveyed this potent message. If you watch the ups and downs of an Indian entrepreneur, it also applies to India Inc. The year 2022 served as something of a big bang for the Indian startup scene. The nation has already amassed a wealth of 14 unicorns this year, including its 100th unicorn, having raised $11.7 Bn in venture capital funding in the first quarter of the year. Indian entrepreneurship has accomplished a historic accomplishment, from creating the first unicorn in 2011 to closing out a century of businesses valued at $1 billion or more.This produces 10 unicorns on average per year, although the previous 16 months or so have seen a significant increase. More than half of India's 100 unicorns--actually, 58--have been produced since the year 2021. Prime Minister Narendra Modi called the current decade a 'techade' and stated, 'New unicorns are sprouting up every few weeks', citing India's more than 60,000 startups. The first time in more than a year that India had no new 'unicorns', or businesses valued at more than $1 billion, was in the month of April.In the upcoming months, this must alter. Indian businesses rarely enjoy a peaceful slumber since they are always confronted with difficulties. The decrease in demand and the ensuing supply-side disruptions are the main causes. They had to deal with both at once because of the current outbreak. India Inc. has done a good job of handling this double whammy. Only time will tell if these unicorns' momentary fame will translate into long-term prosperity.Please tell us what you think.Emanuel Christi DasManaging EditorThe Ace of SpadesEDITOR'S NOTEsiliconindia Vol 7 · Issue 8 - 1 · OCTOBER- 2022 Publisher Alok Chaturvedi Managing Editor Emanuel Christi Das Editorial Team Shivani Pradhan Honey Kumari Akankha Chak Sales & Marketing Deepika S. Nischita Prakash Naik Arvind Chakaravathy Editorial Queries startupcity@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ Magazine 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.comArt Manager Suanya Chakraborty Circulation Manager Magendran PerumalGM Sales & Marketing Shashi Ranjan Senior DesignersSouvik Acharya Visualisers Mrigank Sharma Aruna Kumari KDesign - Manager Prabhu Dutta siliconindia | | April 20202
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