85% of startups believe unit economics are the clear path to increased profitability and valuation.
 "77% of Indian startups investing in AI and advanced technologies: SAP report")
Aryaman Gupta New Delhi
According to a report released by SAP India in collaboration with Dun & Bradstreet, over 77% of Indian startups are investing in Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Blockchain.
“As enterprises shift their focus from gross merchandise value (GMV) to gross margin (GM) and look to build more sustainable business models with transparent and reliable financial data, technology continues to be the foundation and a key differentiator to help startups across all stages of growth and industries achieve these business goals,” said Sanket Deodhar, vice president and head of Digital Native, India Subcontinent, SAP.
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Betting on technology
· With 300,000 startups, including 113 unicorns, India ranks third in the global startup ecosystem after the US and China.
· 85% of startups believe unit economics are the clear path to increased profitability and valuation.
· 79% of startups say that adopting enterprise applications that integrate new-age technologies such as AI is critical to scaling and improving unit economics.
· 72% of startups are already investing or considering investing in new-age technologies.
· By 2023, Tier II and Tier III cities will emerge as innovation hubs with 40% of all tech startups emerging from these cities.
· Cities like Chandigarh, Jaipur, Madurai, Indore, Kochi, Warangal, Hubli, Raipur, Visakhapatnam and Guwahati are home to 15% of India's tech talent.
By 2023, 25% of newly founded technology startups were leveraging DeepTech.
