Financial Investors Group
Infosys has a new headache — India’s unicorn boom
15 Jul 2021
How times have changed. For years and years, information technology (IT) services bellwether Infosys was seen as one of the most sought after employers for fresh and early-career engineering graduates from across India. Now, the Bengaluru-headquartered firm seems to be afraid of losing its talent to the tech unicorns of India.A unicorn, in startup parlance, is a private firm valued at or more than $1 billion.
India witnessed 10 unicorns emerging in the first four months of 2021 as compared to 11 unicorns from the whole of 2020.
In fact, a report by Praxis Global Alliance and 256 Network, says that the club is expected to expand to 150 unicorns over the next three years with India’s wealthiest (high net worth individuals) likely to invest as much as $30 billion in technology startups by 2025.