Zerodha's Nithin Kamath highlights growth in Indian startups From Paytm and Ola to Zomato and BYJU'S, India has seen a steady rise in the number of startups. Besides their significant contribution to the economy, the success achieved by some startup entrepreneurs has worked as a driving force for the youth of the country to become self-reliant and opt for entrepreneurship. In the last year alone, 44 Indian companies joined the unicorn club with a total valuation of $93 billion. Nithin Kamath wrote, "for the first time in India, there are so many aspiring to be entrepreneurs". Roughly one unicorn entered the Indian startup ecosystem every year till FY 2016-2017, while the past four years have seen a 66% year-on-year growth in the number of startups turning into unicorns yearly. Flipkart, Nykaa, Swiggy, and BYJU'S are the four Indian startups to have bagged the status as of July 2022. Source - NDTV