The NCR region that comprises the national capital and adjoining cities of Gurugram and Noida now counts more startups and unicorns than Bengaluru and Mumbai.
A recent survey has found out that Delhi-NCR region is home to largest number of startups and also Unicorn companies.
It has also mentioned that, as the losses of unicorn companies have incresed, their valuation has also increased.
Decacorn is a word used for those companies over $10 billion, while hectocorn is the appropriate term for such a company valued over $100 billion.
Challeneges faced by startups and Unicorn
The lack of affordable co-working spaces, less number and quality of accelerators and incubators, shortage of technical talent, lack of seed and early-stage funding and low corporate participation.