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Searched Tag: unicorns

Indian startups secure $287 million in funding; Perfios emerges as second unicorn of 2024

March 16, 2024, 08:31 PM - 2 min read

The Indian startups continued to raise funds at a normal pace, and this week, 30 startups secured around $287 million in the country. This included six growth-stage deals and 20 early-stage deals, Entrackr reported on Saturday.

New unicorns are likely to add USD 1 trillion to the Indian economy, which would reach USD 7 trillion size by 2030, and add 50 million new jobs, according to a report released by industry body CII on Thursday.

Unicorns to add $1 trillion to economy by 2030, generate 50 million jobs: CII study

March 15, 2024, 12:05 PM - 2 min read

The CII report introduces an ambitious 'Unicorn 2.0' scenario, envisioning the startup ecosystem's potential to add USD 1 trillion to India's estimated USD 7 trillion economy by FY30, thereby creating over 50 million jobs.

Ola's AI platform Krutrim has achieved unicorn status in India's generative AI sector, even before its public launch

Ola's AI platform Krutrim emerges as India's first unicorn in generative AI

February 28, 2024, 12:00 PM - 2 min read

Information Technology Minister Ashwini Vaishnaw has emphasized the importance of ensuring that AI models are trained without racial or other biases, indicating a growing awareness within the government regarding the ethical implications of AI technology.

Entrepreneurs Offer Insights on National Startup Day

Unicorns success Stories, Entrepreneurs discuss the phenomenon on National startup day

January 17, 2024, 02:33 PM - 2 min read

It is necessary to recognize India's close-knit and resilient new-age entrepreneur community that has advanced the nation and made it into a breeding ground for excellence.