Indian unicorns double in 2021; regulatory scene forcing some startups to leave: Report
The Hindu
India is the third in the list of countries having the most unicorns, trailing the U. S. and China.
India added three 'unicorns' per month in 2021 to nearly double the overall number of startups valued at over $1 billion to 51 as of August-end, a report said on Thursday. Even as cumbersome regulations are forcing startups to leave India and settle in other countries where they enjoy better treatment, as per the Hurun India, which prepared the list. It can be noted that over the last few years, dedicated efforts have been undertaken to hone the startups ecosystem by the government through flagship initiatives like 'Startup India'.
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