Indian startups are gradually weakening in valuation...
Indian startups are gradually weakening in valuation...
In the Economic survey 2021-22, released in january 2022, india was ranked as the world's third largest startup ecosystem after the US and China. A Nasscom report states that the number of start-ups is continuously increasing and ten percent are being added every year. Earlier, prime minister Narendra Modi said that india has emerged as the second largest startup hub in the world.
While these figures show a beautiful picture on one hand, the ground reality looks different. indian startups are gradually weakening in valuation. The best example of this is paytm Mall, which lost its unicorn status in 2022.The financial crisis in front of indian startups is gradually deepening. As of january 2022, India's largest tech investor, SoftBank's Vision Fund has posted a record loss of USD 26.2 billion. In the last few months, more than 5,000 employees have been laid off from 'better' startups like Vedantu, Meesho etc., which shows that the crisis is getting worse for these startups too. On the other hand, if you look at the records behind this, then the figures are shocking.Startup status in the year 2016India has encouraged many startups in the last few years. However, due to the lack of technical innovation in india, venture capitalists reduced funding, after which the pace of entrepreneurship in india has slowed down significantly.According to a report, a report by the ibm Institute for business Value and Oxford economics found that 90 percent of indian startups fail in the first five years, mainly due to lack of innovation. At the same time, a report found that in the year 2017, the number of IT startups in the country has come down to 800. In contrast, the number of IT startups in 2016 was more than 6,000. That is, if you compare between the years 2016 to 2017, then there is a big difference between the two.
46 startup unicorns formed in the year 2021At present, the number of startups in india is more than 60,000. However, out of these startups, only 90 companies have emerged as unicorns, while 90 percent startups are failing due to copying, lack of funding, lack of new innovation. However, the relief that gives in the midst of all this is that these startups are not only helping the country's GDP but are also providing employment.
In the Economic survey 2021-22, released in january 2022, india was ranked as the world's third largest startup ecosystem after the US and China. A Nasscom report states that the number of start-ups is continuously increasing and ten percent are being added every year. Earlier, prime minister Narendra Modi said that india has emerged as the second largest startup hub in the world.
While these figures show a beautiful picture on one hand, the ground reality looks different. indian startups are gradually weakening in valuation. The best example of this is paytm Mall, which lost its unicorn status in 2022.The financial crisis in front of indian startups is gradually deepening. As of january 2022, India's largest tech investor, SoftBank's Vision Fund has posted a record loss of USD 26.2 billion. In the last few months, more than 5,000 employees have been laid off from 'better' startups like Vedantu, Meesho etc., which shows that the crisis is getting worse for these startups too. On the other hand, if you look at the records behind this, then the figures are shocking.Startup status in the year 2016India has encouraged many startups in the last few years. However, due to the lack of technical innovation in india, venture capitalists reduced funding, after which the pace of entrepreneurship in india has slowed down significantly.According to a report, a report by the ibm Institute for business Value and Oxford economics found that 90 percent of indian startups fail in the first five years, mainly due to lack of innovation. At the same time, a report found that in the year 2017, the number of IT startups in the country has come down to 800. In contrast, the number of IT startups in 2016 was more than 6,000. That is, if you compare between the years 2016 to 2017, then there is a big difference between the two.
46 startup unicorns formed in the year 2021At present, the number of startups in india is more than 60,000. However, out of these startups, only 90 companies have emerged as unicorns, while 90 percent startups are failing due to copying, lack of funding, lack of new innovation. However, the relief that gives in the midst of all this is that these startups are not only helping the country's GDP but are also providing employment.