Ecosystem Roundup: Sri Lanka’s entrepreneurship is on the rise | Indian startups gut valuations ahead of IPO push | VinFast drives to Middle East

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Ecosystem Roundup: Sri Lanka’s entrepreneurship is on the rise | Indian startups gut valuations ahead of IPO push | VinFast drives to Middle East - e27

Quick Summary:

Dear reader, Sri Lanka’s startup scene has undergone a remarkable transformation since the end of the Civil War in 2009, evolving from a nascent ecosystem into a burgeoning hub of innovation and entrepreneurship.

The key to Indian quick commerce firms’ success is that the players have expanded beyond groceries and FMCG to offer a wider range of product categories; Quick commerce has become a top-of-mind option for grocery shopping and daily needs in India.

The future looks promising, with an increasing number of Sri Lankan entrepreneurs poised to make their mark on the global stage, driving economic growth and innovation.