What is a Startup? | Startup Meaning and Types | The Money Gig

A startup can be defined as a young company founded by one or more entrepreneurs to develop innovative products or services and introduce them to the market with initial funding from the founders or their friends and family. The growth of startups has seen an exponential increase in recent years due to various factors such as ease of access to resources, the internet revolution, and improved financial situations. As of now, there are 30 unicorns in India, with Bangalore and Delhi NCR serving as the headquarters of most of these companies. India is expected to experience an annual growth rate of 12-15% in the next few years, with e-commerce, Fintech, and healthcare sectors leading the way. According to a recent study, India is projected to have around 75-100 unicorns by 2025.