AMC Indian Journal of Entrepreneurship

Open Access Open Access  Restricted Access Subscription Access

Unicorns and Business Incubators in the Indian Startup and SME Ecosystem : A Quantitative Analysis


Affiliations
1 Senior Researcher, Project Blueberry, 13/7 Bunder Garden 1st Street, Perambur, Chennai – 600 011, Tamil Nadu, India

   Subscribe/Renew Journal


This paper investigated the Indian unicorn (startups or privately owned companies which are worth over a billion US dollars) ecosystem of the last decade and the possible effects that business incubators located in the country might have in the nurturing and development of such startups. This paper provides a quantitative analysis based on the thirty-six unicorn startups coming out of India in the decade between 2011 and 2020 to support its findings on the noticeable effects of business incubators on unicorns, and whether these incubators truly do play a major role in the growth cycles of the said unicorn startups in India.

Keywords

Business Incubators, Incubation Startups, Unicorns, Unicorn Startups.

Paper Submission Date : February 2, 2021; Paper Sent Back for Revision : February 20, 2021; Paper Acceptance Date : February 21, 2021.

User
Subscription Login to verify subscription
Notifications
Font Size

  • [Business Incubator]. (n.d.). https://www.entrepreneur.com/encyclopedia/business-incubator

  • [Complete list of startup incubators in India]. (n.d.). https://www.indianweb2.com/p/complete-list-of-startup-incubators-in.html

  • Chatterjee, P. (2011). Policybazaar, Gurgaon based start-up offers buyers opportunity to compare and choose insurance policies. The Economic Times. https://m.economictimes.com/india-emerging/policybazaar-gurgaon-based-start-up-offers-buyers-opportunity-to-compare-and-choose-insurance-policies/articleshow/9059348.cms

  • Chen, J. (2020). Unicorn. Investopedia. https://www.investopedia.com/terms/u/unicorn.asp

  • Jamil, F., Ismail , K., Siddique , M., Khan, M. M., Kazi, A. G., & Qureshi, M. I. (2016). Business incubators in Asian developing countries. International Review of Management and Marketing, 6(4S).

  • Kalyanasundaram, G. (2018). Why do startups fail? A case study based empirical analysis in Bangalore. Asian Journal of Innovation and Policy, 7(1), 79–102. https://doi.org/10.7545/ajip.2018.7.1.079

  • Khurana, C . (2013). PayTM | The 10-second gateway. Mint. https://www.livemint.com/Leisure/36u5ErmRynI6XoYuaE2CSJ/PayTM--The-10secondgateway.html

  • Lunia, A. (2018). Why Oyois in India quotient’ santi-portfolio. Mint. https://www.livemint.com/Companies/bq5VUCy7MrgwsGWKBXINNK/Why-Oyo-is-in-India-Quotients-antiportfolio.html

  • Mallya, H. (2015). Jaipur based RazorPay becomes the second India focused startup to be selected for YCombinator. YourStory. https://yourstory.com/2015/03/razorpay-raises-usd120000-ycombinator/

  • Mitra. (2019). Freshworks has acquired nine capital efficient startups. https://www.sramanamitra.com/2019/01/27/freshworks-has-acquired-nine-capital-efficient-startups/

  • Paul, B. (2015). Oyo raises $100M from SoftBank & existing investors to expand branded budget hotels. VCCircle. https://www.vccircle.com/oyo-raises-100m-softbank-existing-investors-expand-branded-budgethotels/#:~: text=The%20startup%20was%20incubated%20at,backed%20startup%20accelerator%2C%20in%202012

  • Rodriguez, S. (2015). The real reason everyone calls billion-dollar startups 'unicorns'. International Business Times. https://www.ibtimes.com/real-reason-everyone-calls-billion-dollar-startups-unicorns-2079596

  • Venture Intelligence Unicorn Tracker. (n.d.). https://www.ventureintelligence.com/Indian-Unicorn-Tracker.php


Abstract Views: 319

PDF Views: 0




  • Unicorns and Business Incubators in the Indian Startup and SME Ecosystem : A Quantitative Analysis

Abstract Views: 319  |  PDF Views: 0

Authors

Adithya Vikram Sakthivel
Senior Researcher, Project Blueberry, 13/7 Bunder Garden 1st Street, Perambur, Chennai – 600 011, Tamil Nadu, India

Abstract


This paper investigated the Indian unicorn (startups or privately owned companies which are worth over a billion US dollars) ecosystem of the last decade and the possible effects that business incubators located in the country might have in the nurturing and development of such startups. This paper provides a quantitative analysis based on the thirty-six unicorn startups coming out of India in the decade between 2011 and 2020 to support its findings on the noticeable effects of business incubators on unicorns, and whether these incubators truly do play a major role in the growth cycles of the said unicorn startups in India.

Keywords


Business Incubators, Incubation Startups, Unicorns, Unicorn Startups.

Paper Submission Date : February 2, 2021; Paper Sent Back for Revision : February 20, 2021; Paper Acceptance Date : February 21, 2021.


References





DOI: https://doi.org/10.17010/amcije%2F2021%2Fv4i1%2F159224