A recent estimate from investment firm Iron Pillar predicts that by 2025, India could produce more than 250 unicorns or privately owned businesses valued at $1 billion or more.
This follows a landmark year for the local ecosystem in 2021 when a record 43 Indian businesses joined the unicorn club.
Iron Pillar has made investments in businesses in India, including cloud kitchen provider Eatfit, meat delivery service FreshToHome, and software startup Uniphore.
The combined worth of India’s unicorn companies is expected to reach $535 billion in 2022, according to a survey by Iron Pillar titled “India Tech Trends.” According to the fund’s survey, the number of unicorns in the nation as a whole has more than quadrupled to 130 during the past 15 months, including those with Indian domiciles.
A number of tech companies went public on the Indian bourses in 2021, making it a landmark year for fundraising. Indian entrepreneurs acquired 38 billion dollars in risk capital in that year.
Another popular study, the ASK Private Wealth Hurun India Future Unicorn Index 2022 says that India is likely to have 122 unicorns in the next 2-4 years. Among popular names, Shiprocket, Zepto and Turtlemint are quite ahead in the race to reach the prestigious unicorn status.
Shiprocket, currently holding the Gazelle status leads the race. It is shortly followed by Zepto and Turtlemint. Two other start-ups, Ather Energy and Vivriti Capitals are quite high up the rank as well according to the Hurun research.
Image Credits: Google Images
Feature Image designed by Saudamini Seth
Find the blogger: @SreemayeeN
This post is tagged under: gazelle, india, Start-up, Unicorn, unicorn startups in india
Disclaimer: We do not hold any right, copyright over any of the images used, these have been taken from Google. In case of credits or removal, the owner may kindly mail us.