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How will Microsoft for Startups Founders Hub
benefit Indian firms
Asia has among the most dynamic startup scenes in the world and has quickly become
a breeding ground for innovation over recent years.
In the global State of Venture 2021 report published by CB
Insights earlier this year, Asia emerged as the top region for global
deals in 2021 with a 36 per cent deal share. The region saw
12,485 deals in 2021 out of the global total of 34,647, surpassing
the US' 12,138 for the first time in seven years of tracking by CB
Insights. China accounted for over half of Asia's total. Asia also
saw a record year for funding dollars at USD 176 billion, an 89 per
cent year-on-year increase.
In India, based on a PwC report, there is a unicorn created almost
every week. As many as 43 Indian startups attained unicorn status
last year, taking the total private startup unicorn count to 68 by the
end of 2021. It expects this number to cross over the 100 mark by
this year. Asia contributed to three out of the top ten countries
leading in the number of unicorns created year on year. Besides
India, the other two countries brimming with unicorns are China
and South Korea....Read More