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vishakha Jangir
•
Set2Score • 5d
𝗘𝗧 𝗦𝗼𝗼𝗻𝗶𝗰𝗼𝗿𝗻𝘀 𝗦𝘂𝗻𝗱𝗼𝘄𝗻𝗲𝗿” is a new initiative by The Economic Times, set to take place in Hyderabad. It is designed as a premium networking event aimed at early-stage, high-potential startups known as “Soonicorns” (soon-to-be unicorns). The focus will be on product-first startups, especially those building innovative technology solutions in India. The event will bring together founders, investors, ecosystem enablers, and mentors under one roof. Key objective is to create collaborative opportunities and visibility for emerging companies. Hyderabad was chosen as the first host city because of its booming tech/startup ecosystem and investor interest. Startups will get exposure to curated mentorship, strategic insights, and potential investor connects. The Sundowner format is meant to create a relaxed yet productive networking atmosphere in the evening. Participating startups are expected to represent sectors such as SaaS, fintech, healthtech, edtech, deeptech, and AI. This is part of ET’s broader effort to nurture the next wave of billion-dollar Indian startups. The series is expected to expand to other cities following the Hyderabad launch. Hyderabad’s tech startup funding rose 160% in 2024, from $220 million to $571 million, across 81 rounds. In 2024, 24 Series A deals and 20 first-time funded startups were recorded in Hyderabad. Six startups from the city became soonicorns in the past year alone. Telangana now hosts 14 soonicorns and two unicorns, with total funding crossing $3.4 billion. The state has seen a 45× rise in startup count, growing from just 200 in 2014 to over 9,000 startups today. Since 2014, over 550 domestic and international investors have invested $2.6 billion in 240+ startups based in Hyderabad. In healthcare alone, Hyderabad is home to one decacorn, four unicorns, and three soonicorns—the highest in India.
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