India is on track to overtake China as the worldâs fastest-growing major economy next year, according to World Bank projections....
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India is on track to overtake China as the worldâs fastest-growing major economy next year, according to World Bank projections. So far 33 startups have joined the unicorn club this year â 5 in just the last two weeks. Compare that to 40 Indian unicorns minted in total from 2011-2020. Over $23.5 billion in funding has been collected from Indian startups so far this year, which is nearly double the last two years, per PitchBook [data](. Analysts credit regulatory reforms that make it easier to do business, rising incomes and consumption, and new habit formation emerging post-pandemic. Itâs a huge bounceback after the Indian economy had contracted 7.3% in 2020. Now it's a much better time and place to be in starting a company. Makers are all-in: âIn 2020, I left the USA for India to build products for the Global Indian Diaspora,â Prateek Swain wrote as he launched last month â his startup [Swadesh Capital]( is a platform for comparing real estate products for investment in Indian real estate. Here are six more recent and noteworthy VC-backed Indian launches. ð¸ [Leap.club]( is a community-led, professional network for women that launched last month. It just raised $810K in seed funding. âï¸[Peppertype.ai]( is a GPT-3-powered content generator. It's got $4.2M in the bag from a Series A earlier this year. ð¸ [Razorpay]( became a unicorn last year and recently added Salesforce to its cap table as a âstrategic investor.â It launched its [Payroll Slack tool]( in August. ð¤[Mint]( was launched by Cred, which is the youngest Indian startup to be valued at $2 billion+ at two years old. Mint enables CRED users to lend to one another at an interest rate of up to 9% annually. ð¼ [Relevel]( is a hiring platform from Unacadmeny, the Edtech startup that just raised $440M. Job-seekers can showcase skills through tests and apply to multiple companies with one score. â¿[CoinDCX]( became Indiaâs first crypto unicorn last month. The makers launched the second iteration of the exchange and global cryptocurrency aggregator a year ago. And for fun, weâre also highlighting todayâs launch of [Ramayana Capital](. âToday is the auspicious Hindu festival of Dussehra. It signifies the victory of good over evil. To commemorate, we're launching a fun little game we made,â Swain of Swadesh Capital (mentioned earlier) wrote. [Choose your destiny]( APPLE TO WINDOWS [Luna Display]( turns your iPad into a wireless display. âBut didn't Apple make this possible when they launched Sidecar?â you ask. Right. âThat day we put a stake in the ground and said we aren't going anywhere. â¡ Now 2.5 years later, I'm proud to announce that we've reinvented ourselves as a cross-platform company!â wrote maker Matt Ronge. Weâre here for it. [Your cross-platform display]( How To
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