Six years ago, when venture capitalist Aileen Lee coined the term “unicorn”—to define the extreme rarity of startups valued north of $1 billion—there were just 39 in the US and only three Indian unicorns. Today, the US and China are home to over 200 each, while India has roughly 30! Since mobile advertising company InMobi … Read more The charge of India’s unicorn brigade
Earlier this month, Byju’s—the lone unicorn in Indian edtech—hit a massive milestone. In a press release, the company announced that it had turned profitable, achieving a net profit of Rs 20 crore ($2.8 million) on revenues of Rs 1,341 crore ($187.7 million). Over the past decade, Byju’s, its purple and white logo, and its ever-expanding … Read more The bricks in India’s edtech wall
Certain businesses manage to invent the future and win present-day battles at the same time. In a commercial released on Fox Television in November, for a fleeting second, Microsoft allows you to glimpse it. “I am in India, and I’m going to see how Microsoft AI is helping people from going blind,” says the commercial’s … Read more Google, Microsoft circle as India mulls extracting value from health data of 1.3 billion citizens