GV Sanjay Reddy on India’s Journey to Becoming a Global Unicorn Powerhouse

 India’s start-up ecosystem is witnessing an extraordinary rise, and GV Sanjay Reddy highlights the driving forces behind this boom. Ranked as the world’s third-largest hub for unicorns, India has surpassed the UK with 33 new unicorns added in 2021 alone. From Innovaccer in health tech to PharmEasy in e-pharmacy, Indian start-ups are redefining industries with resilience and innovation.

According to GV Sanjay Reddy, the growth is not accidental but fueled by the pandemic, which accelerated digital adoption. Companies like Meesho, OYO, and BYJU’s tapped into emerging opportunities by leveraging technology and customer-centric models. BYJU’s alone is valued at $21 billion, with aspirations of going public in the US, showcasing the potential of Indian firms to scale globally.

Bengaluru leads the unicorn count, followed by Mumbai, Pune, Thane, and Gurugram, making these cities vibrant innovation hubs. Beyond these metros, unicorns are now emerging from tier 2 and tier 3 cities, reflecting the democratization of entrepreneurship. This spread signifies India’s deep-rooted entrepreneurial spirit across regions.

GV Sanjay Reddy also notes the diverse business models that Indian unicorns represent. From B2C to B2B and hybrid models, start-ups are innovating in fintech, healthcare, food-tech, mobility, beauty, and beyond. These ventures are not just serving domestic markets but are solving global challenges with scalable solutions.

The key drivers of this success, according to GV Sanjay Reddy, include the digital payments boom, the rapid adoption of smartphones, and digital-first strategies. Together, these factors are ensuring that India continues to produce unicorns at an unmatched pace.

Read More: https://www.business-standard.com/content/specials/g-v-sanjay-reddy-sheds-light-on-india-spearheading-the-global-unicorn-race-122012801194_1.html

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