Meeting with Piyush Goyal, 54 Unicorns of India talked about the idea to create the Startup Club of India
Unicorn: Paytm founder Vijay Shekhar Sharma said that it was discussed in the meeting and a plan has been made to establish the Startup Club of India. The club can jointly raise various issues on other platforms including the government to improve the startup ecosystem in the country.
Meet India's 54 unicorns, including Minister of Commerce and Industry Piyush Goyal. Discussions included the growth of the startup ecosystem, the importance of local capital in fostering and growing startups, and India's place in the global startup scene. The minister and the unicorn had a meeting that lasted for around four hours. Let us inform you that the nation currently has 111 unicorns.
According to Paytm founder Vijay Shekhar Sharma, the idea to start the Startup Club of India was considered and a strategy was devised. To strengthen the nation's startup environment, the club can jointly bring up a variety of topics with other organisations, such as the government. This effort is great. At the same time, Easy My Trip co-founder Rikant Pitti, Droom founder Sandeep Aggarwal, Zomato founder Deepinder Goyal, Boat founder Aman Gupta along with many successful unicorns like Flipkart, Swiggy, Oyo, PhonePe and Zerodha attended the meeting.
Pitti said after the meeting that such marathon meetings happen occasionally and should happen. We discussed a range of issues including domestic capital versus international capital and how to strengthen the startup ecosystem in the country. We discussed the challenges ahead. At the same time, Sandeep said that we have requested that the Minister should streamline the company law matters related to startups. Apart from this, the topic of capital was also discussed in detail. He says that startups are not only developing technology but also creating employment on a large scale. This will strengthen the economic development of the country.
After China and America, India is the third-largest country in the world in terms of unicorn startups. There are now over 100 unicorn startups in India. Additionally, these are growing. A startup is considered a unicorn if its valuation surpasses one billion dollars, or roughly Rs 8,300 crore. It is anticipated that there will be over 150 unicorn businesses in India by 2025.
The total capital of Indian startups is estimated to exceed $300 billion by 2030. Currently, it is around 150 billion dollars.
