ET Startup Awards 2022: Runway cleared for more unicorns to take flight

There is huge scope for the mushrooming of more startups and the consequent generation of employment as new-age companies look to ride on the economic growth being driven by the Indian government, V Vaidyanathan, MD and CEO of IDFC First Bank, said in his closing remarks at the ET Startup Awards.

“We have 100+ unicorns, and soonicorns waiting in the wings to join the billion dollar plus valuation club. Almost 20,000 startups are founded every year, and I believe it’s only going to get better in future,” said Vaidyanathan. IDFC First Bank was founded by the merger of Capital First and IDFC Bank in December 2018.