Chennai: The global not-for-profit Wadhwani Foundation hailed the indomitable spirit of entrepreneurs who have risen to the challenges posed by the Covid-19 pandemic resulting in a strong bounce back that catapulted a record number of startups to the unicorn club and also resulted in a record number of M&A deals.
Celebrating the World Entrepreneurs’ Day, Dr Ajay Kela, president and CEO, Wadhwani Foundation, said, with 21 Indian startups achieving the unicorn status in 2021, it is heartening to see that the Indian entrepreneurs converted the pandemic challenge into a lifetime opportunity.
They did this by aligning their solutions with the behavioural changes of their customers, be it doctors and patients, teachers and students, retailers and consumers, organizations and employees, etc.
As a result, India saw its first-ever unicorns in healthtech, e-pharmacy and social commerce space, he said, according to a release.
Wadhwani Foundation salutes startup and SME entrepreneurs that are accelerating the economic development of the country and creating much-needed good jobs, he said.
The Foundation endeavours to help these entrepreneurs realise their full business potential through year-long hands-on training and lifelong support via an AI-empowered 360-degree platform that proactively serves customized knowledge and network resources.