According
to a report by market intelligence firm PGA Labs, there are around 45 start-ups
that have the potential to achieve a $1-billion-plus valuation in the near
future.
“2022
will see consolidation as the winners will start getting separated from the
ones that are not growing fast enough,” said Madhur Singhal, managing partner
and Chief Executive Officer (CEO), Praxis Global Alliance. “Strong start-up
activity in new sectors, such as healthtech, software-as-a-service (SaaS), and
B2B will gain momentum in India.”
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