India is home to over 11200 startups including 111 total unicorns, making it the third-largest startup ecosystem in the world after the US and China. Startups this ‘Techade’ are likely to contribute nearly $120 billion to the country’s GDP by 2030. Startups are now being widely recognized as crucial drivers of growth and jobs creation. Through innovation and scalable technology, startups can generate impactful solutions, and thereby act as vehicles for socio-economic development and transformation.

In the last few years, a large number of startups have been established in India in almost every sector of the economy. The main startups which are known to the common man in the country are Flipkart, Nykaa, Zoho, BharatPe, Oyo, MakeMyTrip, Swiggy, Zepto, CRED, etc. These startups have created more jobs, income, and indigenous technology. With the emergence of technology at a rapid pace, India awaits to witness many more successful startups in subsequent years. The Government of India also has launched various initiatives to boost them, encouraging many young and budding entrepreneurs to come up with innovative and practical ideas that will contribute to Nation development.

In order to recognize and motivate those individuals behind the successful startups, All India Business and Community Foundation (AIBCF) takes pride in introducing them to the world by honouring them the “Promising Start up Award.” Since individuals from various business backgrounds convene, this shall further provide a vast networking platform to connect people from various business backgrounds in developing and sharing their ideas, opinions and knowledge on the key issues.