A Spotlight On Unicorns

A Startups are being put forward increasingly as the major driver of the economy. With the constant rise in the number of unicorns in India, BW Businessworld is here to recognise and celebrate the impact of hypergrowth and high-potential ventures

- Resham Suhail

AS we celebrate India’s emergence as the third-largest startup ecosystem globally, this is the time to review and acknowledge the emergence of unicorns, soonicorns and hyper-growth ventures. There is a need to shift the focus from valuations to the value organisations are creating for the better. The Indian startup valuations have taken a hit, yet India has still managed to create more unicorns in the first five months of 2022 compared to the year before taking the count to 105 unicorns.

Celebrating The Spirit

BW Businessworld brings the inaugural edition of the BW Unicorn Summit and Awards 2022 which thrives to recognise not only unicorns but well-performing startups which hold the high potential to become unicorns soon. The summit looks at unicorn creation, from the lens of time-tested tech innovators, traditional entrepreneurs and fledgling yet promising startups, along with rich ringside narratives from policymakers, investors, academia, accelerators and incubators. BW Unicorn Awards play a critical role in order to pay attention to the high-potential startups instead of running after a tag of ‘Unicorn’. This unique initiative encourages changemakers by looking at how founders have built unicorns, and concurrently, drawing a playbook for today’s innovators aspiring to become tomorrow’s pathbreakers. BW Unicorn Awards have received an overwhelming number of nominations from across the sectors such as enterprise tech, consumer tech, edtech, fintech, proptech and more.