2018 was a year of unicorns. India added eight unicorns to its kitty, the highest in a single calendar year. Swiggy, OYO, Paytm Mall, Udaan, Policy Bazaar, Zomato, Freshworks and Byju's were the eight startups that crossed $1 billion in valuation.
In the last four years, around $38.5 billion has invested into Indian startups. Clearly, the pace has picked up, but not nearly as enough to catch-up with the innovation.
Startup India Global Venture Capital Summit 2018 held in Goa saw experts discuss whether there is enough funding to fuel innovation and what are the various measures and policy frameworks that can be adopted to help startups grow in India.