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 | 16 | FinTech |
| 2 OYO Rooms | 8 | E-commerce |
| 3. BYJU’s | 8 | EdTech |
| 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