The startup economy is booming big time in India. India has now achieved the milestone of 100 unicorns with the latest entry by neo banking startup Open. The company recently raised USD 50 million in Series D funding from Temasek, Tiger Global and 3one4 Capital.
These 100 Indian Unicorns’ list includes a few coveted tech-first startups. This is a great sign for the maturing tech industry in India, especially in the AI, analytics and other emerging technologies domains.
While companies across industries rely heavily on tech, their dependence is on offering a different service (think Ola and Swiggy). Tech in these companies is the means to achieve different goals. When we say ‘tech-first’ companies, we refer exclusively to companies where technology (more specifically AI, analytics and cloud) is their primary offering.