Soonicorns

Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.

Currently, there are 48 Indian start-ups valued at $1 billion or more, and Paytm is the most valuable start-up at $16 billion, according to the Venture Intelligence data

The vibrant startup ecosystem is working to boost the investment environment in India both from domestic and global investors, according to consulting firm Praxis Global Alliance

Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round

The city, which has seen its startups raising $31 bn in the past decade, is home to 44% of India's unicorns and 43 per cent of 'soonicorns'

Rivigo, backed by investors like Warburg Pincus and SAIF Partners, has about 8,000 truck drivers