The unicorn wave in India continues unabated, with one being added every five days – in January and February 2022. The country is expected to have more than 100 start-ups worth more than $1 billion by 2022, according to a report by HDFC Securities.
The year 2021 saw the emergence of 42 unicorns bringing their total number to 79 as financing activity in the country also remained buoyant with a record $66 billion in deal inflow.
The unicorn wave in India continues unabated, with one being added every five days – in January and February 2022. The country is expected to have more than 100 start-ups worth more than $1 billion by 2022, according to a report by HDFC Securities.
In 2021, the year referred to as the “Era of Unicorns,” India ranked third in unicorns. Total funds raised by 42 unicorns rose 11% to $12.8 billion year-on-year, from $1.2 billion in 2020. Valuations jumped five-fold to $89 billion and average deal size also doubled.
Among the sectors, fintech and e-commerce accounted for about 50% of total funds, while health tech, media tech, food tech and ed tech combined accounted for 35% of total funds invested, the report wrote. by Amit Chandra and Mohit Motwani said.
This post Financing Boost: A unicorn is added every 5 days in India
was original published at “https://www.financialexpress.com/industry/funding-boost-one-unicorn-being-added-in-india-every-5-days/2464937/”
