Sharing the latest report from Equidam
With about 4,200 startups, the Indian startup scene is the third worldwide, after US and UK.
With IT hubs like Bangalore’s and a number of startups expected to nearly quadruple from 3,100 in 2014 to over 11,500 by 2020, India is one of the few hubs that are likely to outperform Silicon Valley in the near future.
Besides 7 unicorns, many smaller startups are growing under the media radar in this thriving ecosystem. We believe they deserve to be discovered, and, who knows, maybe one day become the champions of the world economy!
Why these companies?
Out of the 500+ startups that applied for this selection, these companies displayed exceptional performance on important success factors – strength of the team, size of the opportunity, competitive environment, etc.
Most competitions are biased towards companies that reached the largest number of milestones. We tried to avoid this bias, and reward companies on abnormal performance no matter their development stage.