Bengaluru,The Karnataka government on Wednesday honoured seven unicorns that were incubated in this tech hub over the years as the country’s startup capital.
Instituted by the state’s Department of IT, Biotechnology and, Science and Technology, Bengaluru Impact Award winning unicorns include Ola, Mu Sigma, Big Basket, Swiggy, InMobi, Quikr and Flipkart.
In start-up and venture capital circles, unicorns are start-ups commanding a minimum valuation of $1 billion.
“It has been a long journey. Ladies are happy as we give them fresh produce,” said Big Basket founder Hari Menon receiving the award at the Bengaluru Palace.
Later, Karnataka Deputy Chief Minister C.N. Ashwath Narayan said an innovation sandbox policy was created on November 9 through an ordinance.
“That we passed an ordinance without waiting for an Assembly session is an indication of the urgency we have shown in this matter,” said Narayan...