Indian Startups will hire more than 3 Million employees in the upcoming 5 Years. In the recent years Startups plays a vital role for the development of Economy. They contribute in GDP, creates employment (Lower the Unemployment rate), compete with the Global Market For Eg – Flipkart vs Amazon, Uber vs OLA, Airbnb vs OYO Rooms and many more.
They are the contributors for the development of Indian Economy. Government also supports the Startups culture, creates attractive schemes to attracts more enthusiast persons to come up with their plan and start their startup. With the aim of becoming ‘Atmanirbhar,’ the importance of startups wouldn’t have been higher than it is today. And, it seems like the country is in the right direction.
Startups are gaining good response in India as we have seen major investments have been done in many Indian startups by the angel investors and the investors group in last 4-5 years and many new startups are emerging and on the verge of becoming a unicorn.
This will give a boost to Indian economy which is struggling after the Covid-19 impacted Indian economy so drastically. Under the “Atmanirbhar” campaign India is on the right track to becoming self independent country.
Currently India has minted its 25th startup unicorn of 2021 “Zetwork”, this time in the manufacturing sector. Meanwhile, another unicorn—operating in the pandemic-marred hospitality sector—raised funds from a technology giant ahead of its initial public offering.
150+ unicorns in India by the Year 2026
According to report of early-stage venture capital fund 3one4 Capital Indian Startup ecosystem will experience major fold in positive direction that will produce around 150 unicorns that will help produce more employment in India.
This Year we reached the target of 50 Unicorns in India and currently India have more than 55 Unicorns and this number will rise very soon for the sure.
$1 Trillion Startup Valuation will reach by 2026
According to report by the year 2026 at least one of the startups reach the target of $1 Trillion Valuation. India will become second nation after United States in producing that many startups. As of now in India, Unicorns have created value of around $180 billion which will projected of up to $600 Billion dollars by 2025.
In 2020 Indian startups raised $11.5 billion through 924 deals. Many of these deals has been happened in Delhi & Bengaluru. After seeing this report and estimations we can assume a good growth and expectations from startups.
We have seen major investments in JIO platforms by Facebook, Google and Microsoft this is a sign of growth in Startup ecosystem in India. We will see many more magics in the Startup Industry in the upcoming years.