FEBRUARY 20234Startups are necessary for a country since they fuel its economy, create employment opportunities and drive innovation. They are responsible for introducing new concepts in the market and workplace with creative & innovative strategies, techniques and solutions. Although there will be a very high probability of failure of startups, yet I must say, the success rate of startups in India is relatively higher than the rest of the world. Startups have survived incredibly over the years and are looking to expand their reach further. The startups have found a way to stay aloft even after the turbulence due to the COVID-19 pandemic in India. The startup ecosystem in India has emerged as a major growth engine for the country in the past few years and aims to become a global tech powerhouse. According to Financial Express, startup funding has reached a new high in 2023. In addition to the huge venture capitalists, institutional investors and pension funds are also investing in many new online businesses. Therefore, India is growing up as a hub of the biggest startups. The country is now getting more startup unicorns including companies from the sectors like Healthtech, social commerce, finance, and more.As of the beginning of January 2022, India has recognized more than 61,000 startups, thus having the 3rd largest startup ecosystem after the US and China. In order to boost the startup ecosystem, the government has launched the `Startup India' initiative on January 16, 2016 and many other beneficial schemes like the Fund of Funds for Startups (FFS), the Startup India Seed Fund Scheme (SISFS) and the Credit Guarantee Scheme for Startups (CGSS), extended support to startups at various stages in the business cycle.As a result, Indian startups are booming and favouring the younger generation to work and gain experience in their fields of interest. Startups are an exception and pose the perfect opportunity to hone one's skills and advance in the career right from the entry-level positions.The following issue aims to give an overview of the 10 Best Startups that are successful have had good evaluations and are still brimming with new innovative ideas.Heena KousarAsst. Managing Editoreditor@siliconindia.comWhy StartUps?The Most Upskilling & Creative PlatformEDITOR'S NOTEsiliconindia Vol 8 · Issue 01 · FEBRUARY-2023 Publisher Alok Chaturvedi Asst. Managing Editor Heena Kousar Associate Editor Indranil Chakraborty Editorial Team Akanshah Shiwani Pradhan Samatha S. P. Sales & Marketing Arvind Chakaravathy Editorial Queries editor@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ Magazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon media 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 © 2023 Silicon Media 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@siliconindia.comCirculation Manager Magendran PerumalGM Sales & Marketing Shashi RanjanManager - Design Prabhudutta A.R.N RayArt Manager Suanya ChakrabortyDesigners Souvik Acharya Amit Verma Mohammed Rafik "BUILD THE NEW, DON'T JUST FIGHT THE OLD" ­ SAIREE CHAHAL
< Page 3 | Page 5 >