1947 Rise ☀️: 224
India will become a big export economy: Google CEO Sundar Pichai
1. Startups may make 4–5% of GDP in five years: StrideOne
With more than 60,000 registered startups, India’s startup ecosystem has the potential to contribute 4–5% to the gross domestic product (GDP) in the next 3–5 years, said a report by StrideOne.
India has about 61,400 registered startups, making it the world’s third-largest startup ecosystem in the world after US and China, as per the Economic Survey 2021–2022.
This rise of startups has made India the third largest startup ecosystem in the world and has significantly impacted the Indian economy showcasing the ability to contribute approximately 4–5% to the GDP of India,” said Ishpreet Singh Gandhi, co-founder of StrideOne, a tech-enabled non-banking financial company.
2. Shikhar Dhawan announces $75 million global investment sports tech fund
Indian opener Shikhar Dhawan on Saturday became the first Asian sportsperson to launch a venture capitalist fund that will focus on innovation across sports spectrum.
The USD 75 million global investment fund consists of a greenshoe option of USD 25 million, stated the announcement made during the annual Abu Dhabi Global Market Finance Week here.
“I am elated to start a new innings and embark on this journey in the world of venture capital,” Dhawan said in a release.
“All this would not have been possible without the support of my commercial partners and the founding team’s commitment to this fund, in readiness for this week’s announcement and targeted deployment in Q1 2023–24.
A podcast 🎙
1947 Rise ✨
I think there is no better time.
India is where the world’s actions happening now.
My kids are not growing up saying bad things about India.
They are growing up saying oh we rock.
Saahil Goel, co-founder and CEO of Shiprocket
We covered:
- His journey and what made him move back to India
- Founding Story of Shiprocket
- Frameworks of Saahil
- Saahil’s advice for folks thinking about moving back to India
- Luck
- A founder he admries
& more!
Full conversation ☀️🔥 https://bit.ly/3WcUfQ2
Worth your attention
Poonawalla readies ₹1,000 crore fund for growth-stage firms Link
Behind Damera Ventures, a plan to invest in sports, rural employment Link
EVs to create up to $100 billion opportunity in India by 2030: report Link
India will become a big export economy: Google CEO Sundar Pichai Link
Former Myntra CEO’s startup Virgio raises $37 million in funding Link