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    View: It's time for India to nurture and scale up more unicorns

    However, they are not large enough to provide growth capital to unicorns.

    Synopsis

    A great deal of growth capital is required to scale up unicorns. While early-stage companies may require tens of crores in equity financing, unicorns first require hundreds of crores, and then, thousands of crores to build global-scale businesses.

    By Jayant SinhaAs we move from Covid-19 relief to recovery, it is vital to create and scale up more unicorns. These fast-growth companies pursue innovative business models and are necessary for driving economic growth. They bring improved products and services to the mass market, while creating thousands of high-quality jobs.They also increase the economy’s total factor productivity and improve the quality of economic growth itself.A great deal
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    The Economic Times