MUMBAI: It takes just one startup to change the narrative of an ecosystem. Last week, Chandigarh-based PrepLadder became that startup, when the medical entrance test preparation platform was acquired by Facebook-backed educational technology company Unacademy for $50 million in a cash-and-stock deal.<\/p>\n
The exit, hailed by founders and investors alike, is indicative of a fledgling startup ecosystem in Chandigarh, which a clutch of homegrown venture capital-backed companies in sectors such as ed-tech, agri-tech, content tech, Software as a Services (SaaS) and consumer goods call home.<\/p>\n
The founders of these startups, both native to the city and outsiders, prefer Chandigarhs lifestyle to that of startup hubs like Bengaluru, with its traffic snarls, and Delhi-NCR, with its pollution woes.<\/p>\n
According to startup analytics firm Tracxn, there are over 700 active startups in Chandigarh as of July 9 and more than one-third of these were founded in the last four years.<\/p>\n
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How one successful venture changed the narrative of an entire ecosystem - Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" MUMBAI: It takes just one startup to change the narrative of an ecosystem. Last week, Chandigarh-based PrepLadder became that startup, when the medical entrance test preparation platform was acquired by Facebook-backed educational technology company Unacademy for $50 million in a cash-and-stock deal. Continue reading