How Healthy Is India's Start-Up Industry? Nasscom Says It Is Doing Fine, But...
Nasscom President Debjani Ghosh told NDTV, "The trends we are seeing are absolutely in the right direction. It is a roughly 7,200 to 7,700 strong ecosystem. Indian has a total of 18 unicorns of which eight were last year alone. More interestingly, the time to unicorn has done down to about five to six years for India. And we are pretty much catching up with China where it is four to five years. What it is telling you is that there is market, the right kind of funding coming in - and of course the right kind of entrepreneurs with the right kind of products."
