CURRENT AFFAIRS

Detailed explanation-1: -Over 300 Indian startups set up base in Estonia under e-Residency scheme. Estonia e-residency programme seems to be attracting a lot of people, including budding entrepreneurs from India.

Detailed explanation-2: -Currenrly, Estonia has more than 1400 startups and ten unicorns, making it the number one country of unicorns per capita in Europe. The largest sectors where Estonian startups have seen big growth are business software, HR and fintech among others.

Detailed explanation-3: -Estonia is one of the technology leaders of the CEE region, with famous startups such as Bolt, Transferwise, Veriff, Skype or Pipedrive originating from this country.

Detailed explanation-4: -Estonia has a world-class track record in building unicorns. So far, Estonia has been the birthplace of 10 unicorns: Skype in 2005, Playtech in 2007, Wise in 2015, Bolt in 2018, Pipedrive in 2020, Zego, ID.me and Gelato in 2021, Veriff and Glia in 2022. That’s 7.7 unicorns per million capita.