Hurun India acknowledged in a report that India is house to 51 unicorns, 32 gazelles and 54 cheetahs. The business noticed three new unicorns each month over the past yr, based on the Hurun India Future Unicorn Checklist. The listing highlighted India’s quick rising start-up ecosystem. For the uninitiated, unicorns are startups based after 2000 with a valuation of $1 billion, whereas gazelles are startups which might be probably to grow to be unicorns in two years and cheetahs are startups that would grow to be unicorn in 4 years.
India’s future unicorns are value $36 billion, which is equal to one-third of Delhi’s GDP at present costs. India is the third-largest unicorn ecosystem on the earth, after the US (396) and China (277). The UK comes after India with 32 unicorns and Germany with 18 unicorns.
Sequoia-backed on-line retail retailer Zilingo tops the listing of the businesses which might be more likely to grow to be unicorns subsequent. Within the listing of gazelles, Zilingo is adopted by gaming firm Cell Premier League, cloud kitchen start-up Insurgent Meals, health start-up Treatment.Match, pre-owned automobile platform Spinny, journey expertise firm RateGain, a D2C private care model Mamaearth, auto market CarDekho, robotics start-up GreyOrange and digital funds software MobiKwik.
As for cheetahs, furnishings e-commerce platform PepperFry tops the listing adopted by e-commerce startup DealShare, level of sale options firm Mswipe Applied sciences, B2B logistics supplier Xpressbees, and actual property web site NoBroker.
With 18 startups on the listing, fintech contributed probably the most variety of firms, adopted by e-commerce (17), SaaS (7), shared economic system (6), gaming, synthetic intelligence, logistics and healthtech with 4 firms every, and three every for media and leisure, edtech and shopper items.
On the subject of cities, Bengaluru contributed probably the most variety of firms at 31, adopted by Mumbai 13, Gurugram 12, Delhi 5 and Noida 5.
Zilingo, Mamaearth, MobiKwik, Ecom Categorical, Acko Normal Insurance coverage are the top-most firms on the Hurun unicorn listing which might be run by ladies.
Sequoia has invested in probably the most variety of firms on the listing at 37, together with Zilingo, Cell Premier League, Insurgent Meals, Mamaearth, adopted by Tiger World Administration at 18, together with GreyOrange, Vedantu, Apna. InnoVen Capital has invested in adopted by 17 firms, Accel in 13 firms and Trifecta Capital Advisors in 12 firms.
Kunal Shah (9), Binny Bansal (5), Ratan Tata (4), Nandan Nilekani (3), Sachin Bansal (3), NR Narayana Murthy (2), Hemendra Kothari (2), Pawan Munjal (2), Kris Gopalakrishnan (1), and Ranjan Pai (1) are a few of the entrepreneurs to have invested in these unicorns.
Additionally learn: Indian startups raised $6.5 bn in April-June interval, 11 entered unicorn membership
Additionally learn: Zetwerk joins India’s Unicorn membership, raises $150 mn