Slow start | Trade Standard Editorials

Around this time last year, unicorns (essentially tech-focused start-ups with a valuation of $1 billion or more) have been popping up at a rapid pace in India. The rush to go public was also unprecedented in the start-up universe until earlier this year. Raising new fundraising from renowned international investors has never been easier for Internet entrepreneurs. However, things have changed drastically over the past few months and it is worth assessing whether start-ups can be the engine of growth in India as many believed. Since a majority of start-ups depend on venture capital money, international disruptions and vagaries have a direct impact on the ecosystem. This was also true in the case of the dotcom meltdown around the turn of the century and during the 2008 financial crisis. interest rates, China crisis, and the Russian-Ukrainian war may not be as bad as the dotcom debacle of 2001, uncertainty has increased dramatically for start-ups.



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First published: Sunday, July 10, 2022. 9:30 p.m. IST