Leaving a lucrative job to become an entrepreneur was looked down upon in India not so long ago. First-generation entrepreneurs in the country often tell stories of how their parents were upset and their friends mocked them when they decided to skip campus placements to start their own ventures.
But in recent years—with investors lining up to back startups and valuations sometimes running into billions of dollars—being an entrepreneur has not only become acceptable, but also sexy.
India, home to the world’s fastest growing startup ecosystem, now boasts the third highest number of entrepreneurs globally. And investors and media have created several categories to classify them. Many of these—just like startup business ideas in India—are copied from Silicon Valley in the US.
NOTE: These classifications are at times based on formal criteria, such as the valuation and nature of the entrepreneur’s venture. At other times, these are just informal titles that indicate an entrepreneur’s nature or style of working.
India was ranked first in a recent Global Entrepreneurialism Report conducted by international bank BNP Paribas. India topped the list of countries with highest percentage of successful women entrepreneurs. India performed better than France and Hong Kong.
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