Fundraising: India’s Entrepreneurs are Seeing Good Days

In 2020, when the Indian government has announced to lockdown the whole country, entrepreneurs have struggled to survive. The entrepreneurs thought that it will be so hard for them to expand their company and even to stay in the market. But in 2021 the scenario is quite different, as the entrepreneurs has been able to find fundraising for their company.

In April, 2021, 11 companies have reached the Unicorn statues, means that they have profited nearly $1 billion. Another 5 companies have also attained this milestone in April. In 2020, 13 companies were in the Unicorn list and in 2019, the number was 10.

The companies have found their funding through investors like Tiger Global and SoftBank. These organizations are investing their money in online businesses because in the time of this pandemic online business are growing fast. The investors also profit a lot from these fast-growing companies. Start-ups like Flipkart and Zomato have profited billions and now they are expanding their business.

But experts are fearing that India’s entrepreneurs are not in a stable state. Because businesses mostly depend on investors and funding. If a time comes when the entrepreneurs won’t be able to find any finding, then the business won’t survive in the market. Then even if a certain company has the tag of being in the ‘unicorn’ status, it will just be a myth.

An expert Radhika Gupta has commented that it is good news for Indian entrepreneur that they are going through the boost of this funding but they need find a sustainable business model in order to survive and make money. Even companies like Google and Amazon can not solely survive on customer number, they also need to secure a business model.

But also, the number of internet users in the country is growing, so we hope that there won’t be a decline in this market.