Though 2020 will go down in historical past largely due to painful causes, India noticed 11 startups flip Unicorn, the best in a calendar 12 months
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The 12 months 2020 is lastly coming to an finish. The 12 months which was imagined to see flying vehicles as per numerous sci-fi films is now in its ultimate chapters with nearly all of folks persevering with to spend more often than not at dwelling attempting to not contract the virus. The outbreak of COVID-19 from final 12 months introduced the world to an absolute standstill for the higher half of this 12 months. Soaring lively circumstances, pressured healthcare programs, rising unemployment, crippling economic system snatched folks’s lives and livelihood.
India, a rustic with a large 1.three billion inhabitants, was among the many worst hit each by way of circumstances and the economic system. In the primary quarter, India’s financial development contracted by a by no means seen earlier than -23.9 per cent. Even with such a debilitating economic system, India’s startup ecosystem which turned out to be a beacon of hope produced 11 Unicorns, the best ever in a calendar 12 months. To give a context, final 12 months India produced 9 unicorns and a 12 months earlier than that eight unicorns.
Let’s take a look in any respect the 11 unicorns.