Entrepreneurship is the key to becoming a 5 trillion dollar economy according to Zerodha CEO
- ByStartupStory | November 28, 2022
From Paytm and Ola to Zomato and BYJU’S, Since the last couple of years India has seen a rise in the number of startups. Companies like Paytm, Ola, Zomato and BYJU’S started out as small firms but have now become huge companies. Some of these companies have even become unicorns.
These organisations have significantly contributed to the economy of the world’s largest democracy. The success achieved by these startups have also helped in inspiring the youth of the country to start out with their own ideas.
In the last year alone, 44 Indian companies joined the unicorn club with a total valuation of $93 billion. In contrast, this year saw the emergence of 21 unicorns, having a total valuation of $26.99 billion.In his recent LinkedIn post the CEO of Zerodha, Nithin Kamath, has pointed out the silver lining of the “startup world’s excesses”. Nithin Kamath wrote in his post, “for the first time in India, there are so many aspiring to be entrepreneurs”. He added that the growing inclination towards entrepreneurship is similar to the youth striving to get into some prestigious Indian institutes such as the Indian Institutes of Technology (IITs), Indian Institutes of Management (IIM) or the civil services. He further wrote, “More people building for India, in India is the only way we can get to $5 trillion+.”
Follow Startup Story
Related Posts
