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Rising Internet Use and Demographics Behind India’s Unicorn Boom: Ancient

 | Local Business News

Rising Internet Use and Demographics Behind India’s Unicorn Boom: Ancient

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Prateek Kumar, vice president of Antique Stock Broking, said on Monday that increasing internet usage and demographics have led to an increase in the number of unicorns in India.

India saw 42 unicorns in 2021, nearly 60% of all unicorns in the country compared to 8-10 in the recent past. There are quite a few reasons why these unicorns are increasing; Internet usage, penetration, favorable demographics, but most importantly the amount of liquidity pumped into the system by central banks around the world.

India has seen more funding due to China’s crackdown on local internet companies, Kumar said in an interview with CNBC-TV18.

He added that global liquidity had also contributed to the increase in the number of Indian unicorns.

For the full interview, watch the video

Rising Internet Use and Demographics Behind India’s Unicorn Boom: Ancient

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