Next three years will see 25 unicorns hit capital markets, predicts Accel’s Prashanth Prakash

This is among the three predictions Prakash made on the inaugural of the Bengaluru Tech Summit 2002 on the highest three traits that can dominate the narrative within the startup and venture capital business over the subsequent 5 years.

“From lower than 1,000 funded startups by angels and enterprise capitalists a decade in the past, we now have 15,000 startups which have absorbed greater than $ 150 billion and we challenge this to double within the subsequent 5 years to 30,000 funded startups elevating extra 300 billion,” he stated.

Exits assist catalyse the entire ecosystem, they full the loop and as soon as buyers see cash coming again, they need to double down and put more cash. Our Enterprise and PE Trade has returned greater than 80 million {dollars} to the worldwide buyers within the final 5 years, Prakash, who can also be a founding associate on the enterprise fund, Accel, stated.

Wanting forward our 100 plus unicorns with a lion share from Karnataka will present an enormous IPO provide chain, he stated.

His second prediction was expertise merchandise constructed by Indian Startups will take part extra aggressively within the international economic system of SaaS, and B2B marketplaces.

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Prakash’s final prediction was that the startup tech for subsequent gen could have a brand new function. “Startups by means of their innovation and scale have a duty to ship on the promise of a sustainable, equitable and inclusive development of our well being, schooling and livelihood sectors. AI in agritech, deeptech and climatetech will collectively present the identical sort of seismic transformation we’ve seen in cellular primarily based ecommerce and digital funds.”

Probably the most dramatic transformation, he stated, can be in our rural ecosystems the place startups will assist a majority of the 150 million digitally enabled farmers double their incomes fulfilling the imaginative and prescient of Prime Minister Narendra Modi. “Karnataka because the epicentre and the expansion engine of those sectors could make this noble mission a actuality.”