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The discussion focused on the growth trajectory of the Indian startup ecosystem, the role of domestic capital in nurturing and scaling startups and India s position in the international startup landscape. Unicorns planned to set up Startup Club of India which can jointly raise issues with the government and on other platforms to improve the startup ecosystem in the country.

The discussion focused on the growth trajectory of the Indian startup ecosystem, the role of domestic capital in nurturing and scaling startups and India s position in the international startup landscape. Unicorns planned to set up Startup Club of India which can jointly raise issues with the government and on other platforms to improve the startup ecosystem in the country.

The discussion focused on the growth trajectory of the Indian startup ecosystem, the role of domestic capital in nurturing and scaling startups and India s position in the international startup landscape. Unicorns planned to set up Startup Club of India which can jointly raise issues with the government and on other platforms to improve the startup ecosystem in the country.

Leading startup incubator THub on Thursday announced the selection of 10 startups in partnership with the UK Government s UK India Emerging Tech Exchange Programme . The primary goal of this partnership is to use both nations capabilities in the disciplines of Artificial Intelligence (AI) and Semiconductors.

According to a report by Orios Venture Partners, the average time required by an Indian startup to turn into a Unicorn has declined to about 5.5 years in 2023. Till 2022, it was close to about 8.4 years. Owing to the uncertainty in the market, India witnessed only two unicorns in 2023. Startups with over USD 1 billion in valuation are termed unicorns. Interestingly, around 15 have till now gone public on the Indian public market.

Union Minister of Commerce and Industry, Piyush Goyal said that startups are playing a pivotal role in India s journey towards becoming a developed nation by 2047. While addressing the Startup Awards and State Ranking Awards function in New Delhi on Wednesday, the Minister commended the significant progress made in the startup sector over the last eight years, stating that what was once a novelty has now become an integral part of the national mainstream.

The India Startup Outlook report by InnoVen Capital, released on Thursday, indicates that around 62% of founders prioritized profitability overgrowth in 2023, up from 55% in 2022. Additionally, Orios Venture Partners report, also released this week, observed that unicorns in 2023 increasingly focussed on profitability, with 23 now in the green.

On the back of National Startups Day, Microsoft hosts discussion with key startup founders on AI s role in scaling Indian startups Sangeeta Bavi, Executive Director, Digital Natives, Microsoft India, Pratik Desai, Founder and CEO at Kissan.ai, Laina Emmanuel, Cofounder and CEO at BrainSight AI, and Lakshman Pasala, Cofounder and CEO at NeverInstall, discuss how startups across India can use the power of AI to scale, innovate and grow their business

The Indian government has urged unicorns across India to provide at least 30 minutes of mentorship to budding startups via the government backed MAARG Portal. Chairing a meeting with founders and representatives of unicorns, Commerce and Industry Minister Piyush Goyal exhorted them to voluntarily mentor the startup ecosystem to make it more robust and help achieve India s target of becoming the largest host country for startup unicorns.

President Droupadi Murmu has urged the women entrepreneurs to identify other enterprising women and think of new ways to support them in their journey of empowerment. The President interacted with a group of women who are founders and cofounders of leading startups and unicorns at Rashtrapati Bhavan on Thursday.