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23 January 2022, Mumbai:
IPOs and unicorns have created a fly wheel effect in the Indian tech startup ecosystem That's the message from a report by Nasscom and consultancy firm Zinnov released on Friday.
Zinnov CEO Pari Natarajan said the tech starnap IPOs (there was a recard 11 last year) and the unicornstarecord 42 were created last year) have generated enormous funds, which these companies are in turn Investing in other tech startups and using to buy products that these new age digital ventures are creating.
KEY HIGHLIGHTS
- 25000-26000 Tech startups in India today
- 3000+ deep tech startups
- 6.6 Lakh employees
- 2,250+ tech startups founded in 2021
The IPOs and venture funding are also, he said. creating wealth in the hands of individuals who are using that to provide seed funding to newer tech ventures.
Credits: TOI dt 22-01-2022
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