The Indian Tech Unicorn Report 2020, produced by Orios Venture Partners, sheds light on the value created by our tech companies. 44 Indian tech unicorns, including Inmobi, MakeMyTrip, Paytm and Byzas, have created more than 1.4 million jobs and a total value of $ 106 billion by the end of 2020.
These numbers are truly impressive, and the founders, investors and sweaty equity-endowed employees of Indian Unicorns deserve their profits as values rise. Private star equity firms and angel investors should be rewarded for their role in our early ecosystem. For their next phase of growth, successful startups need to look at using public money. It expands their funding resources, opens their books to wider scrutiny and let their wealth creation be widely shared. Some already have public offers of equity. For those who suffer from direct inventory rigmarol, riding special purpose acquisition vehicles (SPACs) is an option that reduces the complexity if policy makers adjust our tax policy and other rules to suit the idea. SPACs are now Silicon Valley favorites. Here, too, SPACs help ordinary people share the success of unicorns.