Startups are getting into new areas of disruption beyond e-commerce and even giving the established players a run for their money. This, among other key aspects, were highlighted by Amitabh Kant, CEO, Niti Aayog in the capital today.
Addressing the gathering of investors, startup professionals and industry stakeholders at the TiE Global Summit 4.0, Kant said that many of the startups are improving learning outcomes, health outcomes and doing outstanding work in mobility which is a great sunrise area. “There is a huge reign of such young startups all across. They are really disrupting the world of mobility and looking at zero emission world of tomorrow,” he said.
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He also revealed that last year, close to $4.5 billion got invested and sheer valuation of these startups is close to $60 billion. “This movement has really spread from tier 1 to tier 2 and now in the new lot, tier 3 and 4. Smaller cities like Indore, Trivandrum – many of them are doing great work in terms of disruption,” he added.
Source: Economic Times
