21 Indian startups are ‘unicorns’ valued over $1 bn, only a tenth of China’s: Study

Mumbai, August 4

India is dwelling to 21 unicorns or startups with over USD 1 billion in valuation every, and 40 extra of such corporations have been based abroad by folks of Indian origin, a report mentioned on Tuesday.

Amid discuss of regulating investments from the northern neighbour, the examine discovered that three Chinese buyers have backed 11 of the Indian unicorns.

With the 21 unicorns collectively valued at USD 73.2 billion, India is the fourth greatest by way of unicorns, behind the US, China and the UK, as per the Hurun Global Unicorn List. 

The variety of Indian unicorns is only a tenth of China’s 227, it mentioned, including China has solely 16 companies began outdoors the nation by its diaspora as towards the 40 in India. The valuation of the unicorns based globally by Indians is USD 99.6 billion, led by the fintech Robinhood at USD 8.5 billion.

“Of the 61 unicorns founded by Indians, a massive two-thirds are based outside of India, predominantly Silicon Valley in the USA, whilst only 21 are based in India,” Hurun Report chairman and chief researcher Rupert Hoogewerf mentioned.

He added that the founders of those 40 unicorns have to be acknowledged as a lot as somebody like Google’s chief government Sundar Pichai and Microsoft’s Satya Nadella. 

The analysis pegged the general variety of unicorns at 586 the world over in 29 nations and 145 cities.

A 3rd of the 21 Indian unicorns, which embrace Paytm, Oyo Rooms, Byju’s Ola Cabs and so on, are within the e-commerce sector and Bengaluru is the unicorn capital of India being dwelling to eight such enterprises, it mentioned.

The youngest Indian unicorn is the 2017-founded Ola Electric, adopted by Udaan and Swiggy, it mentioned, including on common, it takes seven years for a startup to realize unicorn standing in India as towards 5.5 years in China and 6.5 years within the US.

Even because the ties with China get frosty, the examine discovered that Chinese buyers Alibaba (5), Tencent (3) and DST Global (3) have invested in 11 Indian unicorns. Japanese investor Softbank takes the lead with 9 investments whereas USA’s Tiger Global has 5 such bets.

The Indian Institutes of Technology (IITs) have emerged because the lead supply of unicorn founders, with 36 of the founders being from these institutes and IIT-Delhi being probably the most most well-liked one.

From a gender perspective, it’s a extremely unfavourable ratio, with 104 Indian unicorn founders being male and solely 5 of them being ladies, it mentioned. –PTI

Be the first to comment on "21 Indian startups are ‘unicorns’ valued over $1 bn, only a tenth of China’s: Study"

Leave a comment

Your email address will not be published.


%d bloggers like this: