The average income of 90% of Indians is ~Rs 12,000 per month, and for the bottom 50% (which is 600 million people), it is Rs 4500 per month.
No matter how crazy valuations of consumer-focused Indian startups get, we're essentially still a poor country.
All startups are catering to the top 10% of India, which is essentially a population the size of Mexico.
But Mexico doesn't have these many "unicorns", does it?
All startups are catering to the top 10% of India, which is essentially a population the size of Mexico.
But Mexico doesn't have these many "unicorns", does it?
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