IPOs and unicorns have created a flywheel effect in the Indian tech startup ecosystem. That’s the message from a report by Nasscom and consultancy firm Zinnov that was released on Friday. Pari Natarajan, CEO of Zinnov, said the tech startup IPOs (there was a record 11 last year) and the unicorns (a record 42 were created last year) have generated enormous funds, which these companies are in turn investing in other tech startups and using to buy products that these new-age digital ventures are creating.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3fIL1YJ
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