Digital India, Make in India, Make for the world, Self-reliant India, Vocal for local are some of the key initiatives that have paved the way for fast development in the last 7 years. Among these initiatives is also included the Startup India campaign which was launched in January 2016 to encourage self-employment. According to a report by Price Water House Coopers India, domestic startup companies raised a record $10.9 billion in funds through 347 domestic deals in the third fiscal year of 2021. This is the largest fund raised in any quarter. Not only this, 33 startups from India have joined the Unicorn Club so far this year. Startups included in the Unicorn Club have a valuation of one billion dollars. Where as startups reaching a valuation of $100 billion are called hectocorns. Today a total of 66 startup companies are working in the country, which have got the status of a unicorn. About 3.3 lakh people have got employment through these.
