The startup ecosystem in India today is in a healthy position. There are more startups and more investors than ever before. Startup unicorns, once-mythical creatures, are now commonplace, and no one bats an eye when a barely fledgeling startup announces a seed round of $10+ million.
Amidst all this brouhaha, it is easy to forget that things weren’t always like this.
Just ten years back, there were a handful of startups and a far smaller bunch of investors. A $100,000 funding round was considered respectable and VC decisions took months to move from interest to mandate.