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.
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They’re just memes, but promise to unseat any traditional ad campaign and outwit any influencer too. Dolo 650 is having its moment under the sun on social media with funny and frivolous memes capturing the desperation of the Covid-infected to keep fever and body ache away.
Including electric vehicles in the Reserve Bank of India’s (RBI) priority sector lending (PSL) guidelines can complement the $300 million facility and encourage the financial sector to mobilise necessary capital, a Niti Aayog report has recommended.
