Booming Startup Ecosystem: Touching the 100 unicorns mark

With Open, a fintech startup that has a valuation of over $1 billion, India's startup ecosystem has achieved a new milestone of 100 unicorns. Open's entry into the coveted unicorn club comes at a time when Indian startups are booming, with the acceleration in fundraising and capital.

India has been declared the third-largest startup ecosystem in the world after the US and China, according to the Economic Survey 2021-2022, released by the Ministry of Finance.