National Startup Day gives entrepreneurs hope, raises awareness, and helps to create jobs.
- ByStartupStory | January 17, 2022
“Getting such inspiring news ahead of the budget gives all entrepreneurs hope and a much-needed boost. This initiative will enhance awareness of Startup ecosystem and job creation furthermore accelerating support to the country’s entrepreneurial community.” Said Pulkit Agarwal, co-founder and CEO, Trell Agarwal added, “The government’s decisions and message on prioritizing innovation, entrepreneurship, and the startup environment have three important features – entrepreneurship must be free of bureaucratic silos, an institutional structure for innovation must be built, and provide young innovators a platform to grow and flourish,”
In total, startups raised $42 billion in 2021, up from $11.5 billion in 2020, indicating increasing investor confidence in Indian entrepreneurs.
According to the recent Orios Venture Partners report, India currently boasts 90 unicorns, ranging from ShareChat to Cred, Meesho to upGrad. According to the most recent data, India alone produced 46 unicorns (businesses valued at over $1 billion) in 2021. “India has become a desirable destination for foreign investment due to its geopolitical circumstances. Which has given Indian startups a much-needed funding boost to help them scale faster “Khabri’s co-founder and CEO, Pulkit Sharma, stated
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