Leonardo da Vinci conveyed this potent message. If you watch the ups and downs of an Indian entrepreneur, it also applies to India Inc. The year 2022 served as something of a big bang for the Indian startup scene. The nation has already amassed a wealth of 14 unicorns this year, including its 100th unicorn, having raised $11.7 Bn in venture capital funding in the first quarter of the year. Indian entrepreneurship has accomplished a historic accomplishment, from creating the first unicorn in 2011 to closing out a century of businesses valued at $1 billion or more.

This produces 10 unicorns on average per year, although the previous 16 months or so have seen a significant increase. More than half of India's 100 unicorns actually, 58 have been produced since the year 2021. Prime Minister Narendra Modi called the current decade a 'techade' and stated, 'New unicorns are sprouting up every few weeks', citing India's more than 60,000 startups. The first time in more than a year that India had no new 'unicorns', or businesses valued at more than $1 billion, was in the month of April.

In the upcoming months, this must alter. Indian businesses rarely enjoy a peaceful slumber since they are always confronted with difficulties. The decrease in demand and the ensuing supply side disruptions are the main causes. They had to deal with both at once because of the current outbreak. India Inc. has done a good job of handling this double whammy. Only time will tell if these unicorns' momentary fame will translate into longterm prosperity.