Why Indian Startups are thriving by JIO revolution

India is having 107 unicorns with a valuation of over $377 billion.

The startup boom came after the launch of JIO in 2016. JIO gave the internet for free.

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In 2016 internet users in India were only 35 crores. But after the launch of JIO, now in 2022, there are massive 65 crores of internet users.

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Due to the JIO internet wave, there was an increase in smartphone and internet users.

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So, this opens tons of opportunities to build businesses. Now right from eCommerce, logistics, and food delivery runs from the internet.

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Ultimately, JIO was the lifeline for every startup in India. Because it gave an entirely new dimension.

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After the launch of JIO, there was a massive increase in eCommerce sales. This led to the birth of D2C brands like Mamaearth, Nykaa, Sugar Cosmetics, Boat, and many more. Now there are over 800+ D2C brands

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Even Online education is another big market in India where a lot of startups are thriving with their tech. Byjus is one of the most valued startups in India with a $20 billion valuation.

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Food delivery apps and startups are thriving from billions of dollars in India. This wouldn't be possible without JIO. Zomato ==$5.5 billion in valuation Swiggy== $1.3 billion in valuation

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Online gaming is on an insane level in India right now. Even fantasy gaming also emergency rapidly all across the country. online Gaming is worth of $2.5 billion and fantasy gaming stood at a $1.5 billion market cap.

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