India had 43 unicorns in 2021 alone!!
Total unicorns in India is now at 83.
The Indian startup ecosystem is on 🔥.
#NationalStartupDay #StartupIndia
🧵Here's why India is the best country for entrepreneurs right now:
Total unicorns in India is now at 83.
The Indian startup ecosystem is on 🔥.
#NationalStartupDay #StartupIndia
🧵Here's why India is the best country for entrepreneurs right now:
Why India?
1. India is the fastest growing economy in the world.
Acc to BCG, India is expected to be the 3rd largest consumer economy by 2025.
Indian middle class is >350Mn people & it drives consumer spending.
B2C unicorns (27) are ~double the number of B2B unicorns.
1. India is the fastest growing economy in the world.
Acc to BCG, India is expected to be the 3rd largest consumer economy by 2025.
Indian middle class is >350Mn people & it drives consumer spending.
B2C unicorns (27) are ~double the number of B2B unicorns.
2. India is the 3rd largest startup ecosystem in the world.
A massive high-potential ecosystem of science, technology & innovation!
India added 43 unicorns in 2021 alone, another ~40 expected in 2022!
Bengaluru in top 20 Global Start-up Ecosystems & Delhi in top 40.
A massive high-potential ecosystem of science, technology & innovation!
India added 43 unicorns in 2021 alone, another ~40 expected in 2022!
Bengaluru in top 20 Global Start-up Ecosystems & Delhi in top 40.
3. Young talent.
~7Mn graduates/year.
"55% of them prefer working in startups over corporates".
50% Indians <25 years of age & 65% <35 years of age.
One of the fastest-growing "coachable" workforces in the world, estimated to become the world’s largest by 2025.
~7Mn graduates/year.
"55% of them prefer working in startups over corporates".
50% Indians <25 years of age & 65% <35 years of age.
One of the fastest-growing "coachable" workforces in the world, estimated to become the world’s largest by 2025.
4. India Stack.
"Technology for a billion Indians."
IndiaStack is a set of open APIs which entrepreneurs can leverage to build for India.
Aadhaar, eKYC, eSign, UPI, DigiLocker, DEPA, OCEN to solve India's hard problems.
@India_Stack 👇
"Technology for a billion Indians."
IndiaStack is a set of open APIs which entrepreneurs can leverage to build for India.
Aadhaar, eKYC, eSign, UPI, DigiLocker, DEPA, OCEN to solve India's hard problems.
@India_Stack 👇
@India_Stack 5. India is online.
World’s 2nd largest internet consumer market, with over ~740Mn internet users.
High-speed & low-cost mobile internet, available at just US$0.26/GB compared to $12.37/GB in the US & $9.89/GB in China.
The untapped market of ~500Mn people is yet to go online!
World’s 2nd largest internet consumer market, with over ~740Mn internet users.
High-speed & low-cost mobile internet, available at just US$0.26/GB compared to $12.37/GB in the US & $9.89/GB in China.
The untapped market of ~500Mn people is yet to go online!
@India_Stack Other benefits in comparison to many countries:
- Low costs
- Stable government
- A young & growing population with high-level education
- English is spoken widely
- Open to innovation
- Relatable
India has been reacting well to the impact of the Covid19 pandemic as well.
- Low costs
- Stable government
- A young & growing population with high-level education
- English is spoken widely
- Open to innovation
- Relatable
India has been reacting well to the impact of the Covid19 pandemic as well.
@India_Stack Given today's tech, you can build startups in India & sell your solution globally.
If you're a startup from outside India then you can expand to India.
The best opportunities always come when there is room for growth & momentum YoY. India's startup ecosystem is exactly that.
If you're a startup from outside India then you can expand to India.
The best opportunities always come when there is room for growth & momentum YoY. India's startup ecosystem is exactly that.
@India_Stack The 16th of January every year will be celebrated as the National Startup Day in India from here on.
#Startups #India #NationalStartupDay
#Startups #India #NationalStartupDay
https://twitter.com/startupindia/status/1482618194951303176?s=20
@India_Stack The Govt has recognised the role of startups in propelling the economy forward & launched several programs to help cultivate & boost entrepreneurship.
The ecosystem is supported by a growing no. of VCs/angels & orgs such as incubators/accelerators/event platforms & academia.
The ecosystem is supported by a growing no. of VCs/angels & orgs such as incubators/accelerators/event platforms & academia.
@India_Stack While the Indian govt is doing what it can, all of us should pitch in!
Here's how you can help:
- Try startups' products/services
- Spread the word about startups you know (don't just celebrate funding)
- Help founders by making useful connections
Here's how you can help:
- Try startups' products/services
- Spread the word about startups you know (don't just celebrate funding)
- Help founders by making useful connections
https://twitter.com/narendramodi/status/1482351004028973061?s=20
I've had the opportunity to contribute to the startup ecosystem in Hyderabad & India over the last 8 years through:
@EUI_Innocenter
@THubHyd
@StartupWeekend (@swhyderabad)
Follow me for content on entrepreneurship & corporate innovation.
Do RT & share:
@EUI_Innocenter
@THubHyd
@StartupWeekend (@swhyderabad)
Follow me for content on entrepreneurship & corporate innovation.
Do RT & share:
https://twitter.com/varunm30/status/1482697633856634881?s=20
• • •
Missing some Tweet in this thread? You can try to
force a refresh
