Overview
In the midst of the pandemic’s woes, India’s start-up ecosystem shone bright in 2021. The frenzied fundraising, IPO euphoria, and landmark exits helped it smash all previous records. But now, it is time to look beyond.
This is not all. PGA Labs, the market research unit of Praxis Global Alliance, states in a recent report that over 45 start-ups are likely to enter the unicorn club in the near future. According to research firm Tracxn, nearly 45 per cent of ‘soonicorns’—or companies about to reach the coveted $1 billion valuation—were created in 2021.
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