Piyush Goyal meets 'Unicorn Club of India', discuss growth, domestic capital

In a firstofitskind meeting 54 out of the 111 unicorns of India met with Commerce and Industry Minister Piyush Goyal on WednesdayThe discussion focused on the growth trajectory of the Indian startup ecosystem the role of domestic capital in nurturing and scaling startups and Indias position in the international startup landscapeThey planned to set up the Unicorn Club of India which can jointly raise issues with the government and on other platforms to improve the startup ecosystem in the countryVijay Sekhar Sharma Founder of Paytm said An idea was floated by the Minister to make a club of unicorns or association of startups which was a good idea and we will try to make a club of unicorns or association of startups With the association of startups we can also come up with many solutions like connecting with bankers and investors to get access to capitalRikant Pitti cofounder of EaseMyTrip Sandeep Aggarwal founder of Droom Vijay Sekhar Sharma founder of Paytm Deepinder Goyal founder of Zomato Aman Gupta cofounder of BoAt and representatives from other unicorns like Flipkart Phonepe Swiggy OYO and Zerodha were in the meeting which lasted more than 4 hoursAfter the marathon meeting Rikant Pitti said that such meetings happen once in a while and said We discussed domestic capital versus international capital and how to deepen the startup ecosystem in the country We discussed the challenges we are facing All the founders of Unicorns have made suggestions to the minister I belong to the travel industry and recently we started a campaign nation first business later we discussed that as wellSandeep Aggarwal said that the discussion was for our entrepreneurial community We request that the Minister smooth out the company law matters related to startups The second issue was capital access how can we increase capital access in tier 3 cities and some tax issues were discussed broadly The minister was very receptive to our suggestions said AggarwalThese startups are not only developing innovative solutions and technologies but are also generating largescale employment and contributing to the growth of the nationThe unicorns are gaining significance in Indias growth narrative as they are taking the Indian startup story global and attracting investors from across the globe to invest in Indian startupsSmita Deorah cofounder of Lead School said It was very enriching that the government was open to taking our ideas or inputs It also gives us a lot of hope as we build our businesses for India to build and growSanjiv Joint Secretary DPIIT said The purpose of this meeting was to improve the startup ecosystem of the country Unicorn founders are great mentors We got suggestions from them With their mentorship we want to build the numberone startup ecosystem in the worldThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever