Let's target to create 75 more unicorns by 2022-end: Piyush Goyal

The minister called upon stakeholders in the innovation ecosystem to strive to take India to the top 25 in the Global Innovation Index

Indian start-ups should look to create an additional 75 unicorns in 2022, continuing last year’s momentum, commerce and industry minister Piyush Goyal said on Monday. Unicorn is a privately-held start-up, with a valuation exceeding $1 billion. India is now home to 82 unicorns, with more than half of them joining the club in 2021 alone.

“Let us make India the top 100 destinations for the world. The destination for innovation and invention. Let us target to nurture an additional 75 unicorns by the end of this year,” Goyal said at the virtual inauguration session of the Start-up India Innovation Week.

The week-long