Unicorn Status in 2020

  • Investments in Indian startups have soared to a two-year high in the quarter ending March, 2021 thanks to the accelerated digitisation of the economy because of the COVID-19 pandemic. Most of these firms have seen a three-fold jump in valuations in their latest funding rounds. Of these, nine Indian start-ups have been valued at more than $1 billion.
  • There are some recent startups that have achieved the status of unicorns like – Infra.Market; Meesho, Groww; Sharechat; CRED; Pharmeasy, Digital Insurance, etc.
  • In 2020, 8 Companies of India added in the Unicorn list- Postman, Pine Labs, Unacademy, Nykaa, Razorpay, Zerodha, etc.
  • Status of Unicorn in India – India now has 38,756 officially-recognised start-ups – with 27 unicorns, eight of which achieved this status in 2020 – and is the third-largest tech start-up hub globally. Apart from it, India’s economy, demography and government’s active support provides a wide scope for establishing a thriving startup environment.
  • What Is a Unicorn : A unicorn is a term used in the venture capital industry to describe a privately held startup company with a value of over $1 billion. The term was first popularized by venture capitalist Aileen Lee, founder of CowboyVC, a seed stage venture capital fund based in Palo Alto, California.

Unicorn Companies in India : Status

Rank Name  Valuation US$bn)Sector
1    Paytm  16FinTech
2    OYO Rooms                          8E-commerce
3. BYJU’s                                    8EdTech
4    Ola Cabs            6                    Shared Economy
5    Swiggy               3.5                   On-Demand Delivery
6    Zomato              3.5                   On-Demand Delivery
7    Paytm Mall          3                     E-commerce
8    ReNew Power        3                     New Energy
9    BigBasket            2.5                   E-commerce
10   Udaan              2.5                   E-commerce

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Unicorn Status in 2020

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