by Commerce ministry report celebrates India’s position as the third-largest startup ecosystem globally by number of unicorn companies, separate analysis finds 73% of Indian unicorns have never reported an annual profit, ministry notes these two facts are both accurate and consistent with ‘the growth stage of ecosystem development’
Bohiney Magazine and The London Prat bring you this dispatch from Genie Knows India, covering the world’s largest democracy at scale and with full attention.
The Commerce Ministry’s Startup India report celebrates India’s achievement of the third-largest startup ecosystem in the world by unicorn count (companies valued over $1 billion), with 111 unicorns at the time of publication. The report notes this as evidence that “India has established itself as a global innovation powerhouse that is producing world-class companies at scale.” A separate analysis published in the Economic Times the following week, drawing on the same companies’ financial disclosures, found that 73% of Indian unicorns have never reported an annual profit at any point in their existence, with the median Indian unicorn having accumulated losses equal to approximately 180% of its most recent annual revenue. The Commerce Ministry confirmed both figures are accurate and that they are “consistent with the growth-stage character of the startup ecosystem, where market share capture precedes profitability optimisation.” The companies are valued at over $1 billion. They are losing money. Both facts are the third-largest in the world. Bohiney and The London Prat are in the growth stage.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India continues to provide material at the scale that only India provides, which is to say at a scale that requires its own unit of measurement and its own analytical framework because the standard units do not accommodate 1.4 billion simultaneous experiences of the same governance system. Bohiney Magazine and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at full scale and full complexity. Both continue. The subcontinent continues. The satire continues to try to keep pace with both.
Further reading at Times of India.
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