Why hasn't India produced its own Google or Facebook? Vijay Shekhar Sharma, founder of Paytm, shares his perspective on the transformation of the Indian startup ecosystem.
"Back in 2010, startups were the last choice for fresh talent, often overlooked in favor of established tech giants. Today, the story is different. Thanks to the new government initiatives and support, Indian startups have moved from the bottom to the forefront of innovation." Sharma adds.
And rightly so! India now boasts the world's 3rd largest startup ecosystem, with over 68,000 startups. This vibrant ecosystem includes 115 unicorns and 112 soonicorns, with a combined valuation exceeding a whopping $390 billion.
Over the past six years, these startups have created more than 768,000 jobs, redefining the Indian dream..
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