The Indian startup ecosystem has become the third largest globally and is known for its technical acumen and entrepreneurial culture. This trend of unicorns spawning unicorns is also a sign of moving up the value chain.
Companies may be selling new stories and creating fresh unicorns, but the fact remains that they are being run as different entities.
If a unicorn is investing for vertical integration, it will eventually complement its business. But if it’s lateral integration, it is for scoping out new opportunities, helping the ecosystem, and supporting the cause. “Many a times they help fuel the fire in the ecosystem. In turn, they also learn something new.