April 18, 2024
Commerce and Trade Minister Piyush Goyal will maintain discussions with senior representatives of 40 unicorn startups like Lenskart, Zerodha, and Boat right here on Wednesday, an official mentioned. Points which is able to determine within the deliberations embody methods to additional promote sustainable progress of the sector, dangers, home capital mobilisation and place India on the worldwide startup panorama, the official mentioned. Startup companies valued over USD 1 billion are categorised as unicorns.

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“Unicorns from totally different sectors and cities can be there. The sectors which might see participation embody fintech, e-commerce and logistics,” the official added.

The opposite companies who would attend the assembly embody CarDekho, and EasyMy Journey.

The federal government has taken a sequence of steps to advertise the startup ecosystem within the nation.

Over 1.17 lakh startups are recognised by the federal government. They’re eligible to hunt sure tax incentives.

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The Startup India initiative was launched by the Prime Minister Narendra Modi on sixteenth January 2016 to construct a powerful ecosystem for nurturing innovation, boosting startups, and inspiring investments within the startup ecosystem of the nation.