India Unicorns: India will have over 250 unicorns by 2025: report

Bangalore: According to a recent report by investment fund Iron Pillar, more than 250 unicorns or privately held startups are expected to be born in India worth $1 billion or more by 2025. This comes on the back of a record 43 Indian startups entering the unicorn club in 2021, which turned out to be a significant year for the domestic ecosystem.

In India, Iron Pillar has invested in companies such as software startup Unifor, meat delivery startup Fresh TwoHome, cloud kitchen player, EatFit.

According to the Iron Pillar report titled ‘India Tech Trends’, the total valuation of Indian unicorns is $535 billion in 2022. The fund said the total unicorns in the country more than doubled to 130 in the past 15 months, including those domiciled outside India.

ETtech

In addition, around 100 unicorns are being added to India’s startup landscape since January 2019.

Indian unicorns in geographic areasETtech

“While we believe this momentum may slow down slightly over the next 24 months, creating 250 companies with a valuation of over $1 billion by 2025 is a highly achievable goal for Indian founders. Iron Pillar Managing Partner Anand Prasanna said on Monday a We are particularly excited as almost 50% of these companies are also manufacturing for markets outside India.

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Indian startups raised $38 billion in risk capital in 2021, making it a significant year for fundraising, as a slew of tech firms went public in Indian markets.

Despite a ‘wait and watch’ approach from private market investors, due to global headwinds, Indian startups have still raised over $10 billion in funds during the first quarter of 2022, up from $5.7 billion in the same period in 2021. more than a dollar. From Venture Intelligence.

Time required for Indian startups to reach unicorn statusETtech

Furthermore, the time required for Indian companies to become a ‘unicorn’ has also been reduced, with 50% of India’s unicorn stable achieving a valuation of $1 billion or more within five years. Pilar said.

According to data sourced from market intelligence platform CB Insights, India continues to be the world’s third largest technology ecosystem with the largest number of unicorns after the US and China.

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