An ‘Unicorn revolution’ is being witnessed as India is fast emerging as a hotbed for investments into startups. However, there needs to be right regulatory direction and policy support to ensure they realise their potential amidst the hype. Examine.

9. An ‘Unicorn revolution’ is being witnessed as India is fast emerging as a hotbed for investments into startups. However, there needs to be right regulatory direction and policy support to ensure they realise their potential amidst the hype. Examine. (250 words)

Reference: The Hindu