India is the third largest unicorn hub with 90 unicorns, USA being first with 487 and China second with 301.
Akankshya Mukherjee, Mumbai Uncensored, 14TH January 2022 :
A report from the Orios Venture Partners says that Indian Startups have grown from $11.5 billion to $42 billion in 2021. ‘The Indian Tech Unicorn Report 2021’ was the report titled which says that India saw 46 unicorns, companies with $1 billion worth in 2021. It doubled to 90 unicorns.
According to the repot, they included Cred, Meesho, ShareChat, MPL, Grofers which is not Blinkit, Nazara, Spinny, Mamaearth, upGrad, GlobalBees, Acko, and others included. With around 6,00,00 startups, India is the third largest startup ecosystem in the world. These starts generate employment on a larger scale and also develop innovative technologies and solutions. One out of the 13 startups were born in India.
As per reports, Bengaluru is the city with maximum unicorns. E-commerce, Flipkart and Software as a Service (SaaS) have the maximum number of unicorns while Crypto, Gaming, D2C, ed-tech, health-tech have been closed. Delhi being the next with 29 and Mumbai with 16. Also emerging startup-based cities in India are Pune, Jaipur, Hyderabad, and Chennai.
Flipkart is the most valued unicorn, it raised from $3.6 billion to $37.6 billion in July 2021, Mensa Brands is the fastest to turn unicorn, it took only 6 months from May 2021 to November 2021 to raise the first $50 billion.
The report also says that India has 4 decacorns, companies with less than $10 billion and above value such as Flipkart, Byju’s, Oyo Rooms and Paytm. 2021 has setup a landmark year for Indian startups. In total 11 startups, out of which 8 are unicorns, raised around $7.16 billion with public offerings. One96 Communication, Paytm, raised India’s largest ever IPO of Rs.18,300 crore which is about $2.46 billion. Zomato has the highest market capitalization of $14.8 billion, followed by Nykaa with $13.5 billion and Freshworks with $6.9 billion the report further adds.
It had been an exciting, tremendous and promising year for tech startups due to the economic turndown in the first half. According to the measuring scale for the ecosystem, the report clears that validation of value creation has been achieved for both IPO and unicorns through technological innovation, Mr Rehan Yar Khan, Managing Partner says at Orios Venture Partners.
The report also notes 20% of the Unicorn Founders are non-engineers, 2/3rd of the Indian unicorns has been founders of one or more IIMs, ISB and IITs. Also highlighted, that about 13 of the Unicorn founders are female, out of which 8 have been featured in 2021: Falguni Nayar- Nykaa, Gazal Kalra- Rivigo, Ruchi Kalra- OfBusiness, Divya Gokulnath- Byju’s, Ghazal Alagh- MamaEarth, and Saritha Katikaneni- Zenoti and others.
