New Delhi, April 28 -- With over 120 unicorns and a combined valuation exceeding USD 390 billion, India's startup sector shows cumulative funding of more than USD 118 billion, according to a White Paper released by the Confederation of Indiian Industry (CII) on Unicorn Policy.

The White Paper noted that India holds the position of the world's third-largest startup ecosystem. It also presented a comprehensive assessment of the evolving startup landscape and outlined a strategic policy roadmap to enable its next phase of growth, with a focus on four key sectors: electric vehicle ecosystem, urban logistics, drones and emerging technologies, and fintech.

The White Paper underscored a structural transition within the maturing ecosystem. It m...