CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Indian startups were featured in the List of Technology Pioneers of 2020, released by the World Economic Forum?
A
Instamojo and Shuttl
B
Stellapps and Zestmoney
C
Unacademy and Shuttl
D
Haptik and Zestmoney
Explanation: 

Detailed explanation-1: -The World Economic Forum this month released the 2020 list of technology pioneers across the globe that featured two Indian companies, namely ZestMoney and Stellapps.

Detailed explanation-2: -“EMQ’s mission is to increase the accessibility and affordability of financial services globally, and we are honored to be recognized as a pioneer by the World Economic Forum, ” said Max Liu, co-founder and CEO, EMQ.

Detailed explanation-3: -The number of recognised startups has increased from 452 in 2016 to 84, 012 as on November 30, 2022, the minister said. The Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) extend support to startups at various stages of their business cycle.

Detailed explanation-4: -One 97 Communications (PayTM), Ola cabs, Dream 11, Swiggy, and Razorpay are a few of the rich valued Indian startups across the world. The country is now getting more startup unicorns, including companies from the sectors like Healthtech, social commerce, finance, and more.

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