India's Unicorn Boom Continues in 2022: 13 Recorded So far, May Touch 100 This Year

[Black Tornado]

You should be comparing with USA and China but you know you are still 3rd grade compared to them despite all your efforts.

We’re the 3rd largest startup ecosystem after USA and China, we’re indeed competing with them, tum kaha se aa gaye?

 

[LakeHawk180]

1. I am on the lookout for 15 to 20 lakhs to start the company and the money will include a simulator circuit board, its programming software, two computers and a few engineers. Where can I find those 15 to 20 lakhs because the hardware and the software products will have to be designed by my company which may take up to one year whereas the software services unicorn companies in the list don't design anything but use the platforms developed by others but since their ROI is fast the investment they get is unfortunately quick in India ?

2. I am not going to put my company up for any unicorn ranking or even on the stock market.

As someone who actually works a lot in this space, 15-20 L is chump change.

Even small time “angels”, incubators or accelerators can put that up without blinking. If your idea is even remotely viable, there’s no question of funding being denied. Please don’t hesitate, they can even help you build your business plan from scratch if you have nothing on that front just yet.

Market is hungry. I’ve seen proposals with nothing more than a dream compiled on a half assed ppt with no viable product - rake in stupid amounts of money. Long time ago, even I was guilty of just ticking off disbursals with minimum due diligence.

 

[jamahir]

As someone who actually works a lot in this space, 15-20 L is chump change.

Even small time “angels”, incubators or accelerators can put that up without blinking. If your idea is even remotely viable, there’s no question of funding being denied. Please don’t hesitate, they can even help you build your business plan from scratch if you have nothing on that front just yet.

Market is hungry. I’ve seen proposals with nothing more than a dream compiled on a half assed ppt with no viable product - rake in stupid amounts of money. Long time ago, even I was guilty of just ticking off disbursals with minimum due diligence.

Good advise. This has been my plan : Find a co-founder and together register a company in the field of computing and then approach financiers especially angel funders. One additional good thing is that there is a senior of mine who's a former government scientist who can come into the company as an advisor.

 

[pikkuboss]

Good advise. This has been my plan : Find a co-founder and together register a company in the field of computing and then approach financiers especially angel funders. One additional good thing is that there is a senior of mine who's a former government scientist who can come into the company as an advisor.

Bengaluru is waiting for you. Get out of Kerala asap, much more of India to explore.

 

[jamahir]

Bengaluru is waiting for you. Get out of Kerala asap, much more of India to explore.

I see.

 

[bababho]

Sure, I will send my business idea to someone named Baba Gyani Lal.

As for markets following demand and supply, that wasn't how the Apple iPhone came about and made people used to the idea of smart phones.

Your call, I just asked as I have spent time on both the side (from raising funds to putting in personal money in potential ideas)
From the apple story to the condition on ground India, you pick up ideal way and compare it with the average (reality), agritech will not solve farmer sucides in one instant, improved lending will not solve SMEs issues right away, these are structural changes which requires years / decades

you have example of China (what it was in 60/70s and what it became today), they threw away their older concept and focused on one thing for 4 decades and the changes are apparent now,

 

[Black Tornado]

Century completed!

https://twitter.com/x/status/1521006173356720128

 

[jamahir]

Century completed!

https://twitter.com/x/status/1521006173356720128

This unicorn-shunicorn thing is over-hyped. This latest company, Open, seems to be in something called "Neo-banking". What is it ? Is it a non-Capitalist bank that gives loans to sensible individuals and companies on non-interest basis and bypasses the interest-based 3000-year-old extremely Capitalist socio-economic system of India ?

In India even a dog-friendly restaurant chain can become part of this unicorn thing and be high-ranking on the stock market too.

I don't see what the tweeter and the author are being so excited about.

 

[Paitoo]

This unicorn-shunicorn thing is over-hyped. This latest company, Open, seems to be in something called "Neo-banking". What is it ? Is it a non-Capitalist bank that gives loans to sensible individuals and companies on non-interest basis and bypasses the interest-based 3000-year-old extremely Capitalist socio-economic system of India ?

In India even a dog-friendly restaurant chain can become part of this unicorn thing and be high-ranking on the stock market too.

I don't see what the tweeter and the author are being so excited about.

On the contrary, neobanking is a welcome development and Open is actually a useful startup (can't say the same about 10 minute grocery walas though). They are particularly good for small businesses who don't have a battalion of finance people and need user friendly banking interfaces. Banks have prioritized their own technology needs first (which tend to be substantial) and not customers. Neobanking companies are intermediaries that tap into bank systems through APIs and help automate customer processes which banks don't want develop themselves.

 

[jamahir]

On the contrary, neobanking is a welcome development and Open is actually a useful startup (can't say the same about 10 minute grocery walas though). They are particularly good for small businesses who don't have a battalion of finance people and need user friendly banking interfaces. Banks have prioritized their own technology needs first (which tend to be substantial) and not customers. Neobanking companies are intermediaries that tap into bank systems through APIs and help automate customer processes which banks don't want develop themselves.

But what is neo-banking and again, is it different in ideology than the nature of regular Indian banks ?

 

[Paitoo]

But what is neo-banking and again, is it different in ideology than the nature of regular Indian banks ?

Think of it is a virtual bank branch where you can do electronic transactions. You will still have your deposit with traditional banks, but you get e-services in interfaces that are made keeping you in mind. You can automate salary payments, set expense rules, have payment gateways, get dashboards, and many of other things, which are useful for small businesses. Typically you would need an accounts team to monitor all these. I welcome any technology that levels the playing field for small businesses.

 

[jamahir]

Think of it is a virtual bank branch where you can do electronic transactions. You will still have your deposit with traditional banks, but you get e-services in interfaces that are made keeping you in mind. You can automate salary payments, set expense rules, have payment gateways, get dashboards, and many of other things, which are useful for small businesses. Typically you would need an accounts team to monitor all these. I welcome any technology that levels the playing field for small businesses.

1. So ideologically it's not different than say ICICI.

2. I have plans of starting a small company in computing which may have about six regular workers including myself and a receptionist / HR person. I am not conversant in accounting so the receptionist / HR person will have to take care of accounting too so how will this company, Open, be of use to me ?

 

[Paitoo]

1. So ideologically it's not different than say ICICI.

2. I have plans of starting a small company in computing which may have about six regular workers including myself and a receptionist / HR person. I am not conversant in accounting so the receptionist / HR person will have to take care of accounting too so how will this company, Open, be of use to me ?

1. It has no ideology. It is an intermediary.
2. It might be useful for you, you can check it out. However it won't completely replace the need for an accountant. For compliance you will still need a CA which you can easily outsource at very low cost these days.

If you are just a handful of employees, you don't need Open either. How complex can your expense and other workflows be?

 

[White privilege]

Doesn't matter because when shit hits the fan Modi would say, "agar asli hota...."

 

[my2cents]

Doesn't matter because when shit hits the fan Modi would say, "agar asli hota...."

Just 5%-10% will survive . Time will tell. It is not only true here but every other country.