Indian start-up ecosystem witnesses $106-billion value creation by 44 unicorns
February 23, 2021
41% unicorns originated from Bengaluru, 34% from Delhi, 14% from Mumbai; fintechs accounted for the most number, followed by retail and SAAS
The Indian start-up ecosystem has seen $106-billion worth value-creation by 44 unicorns, including MakeMyTrip, InMobi, Paytm, Ola, BYJU’S, Cars24, Razorpay, Swiggy, and Zomato, among others, which in turn has created 1.4 million direct and indirect jobs.
While fintech has seen the maximum number of unicorns, retail and SaaS are a close second. Other spaces include logistics, Data Analytics, travel, food and gaming, reveals The Indian Tech Unicorn Report 2020 by Orios Venture Partners, an early stage venture capital fund.
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Startups have flagged their grievances regarding angel tax provision, which they considered was not friendly to them. Photo: iStockphoto
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PE firms, angel investors must be rewarded for their role in our startup ecosystem. For their next stage of growth, though, successful startups should look at using public money. This would diversify their funding sources, open their books to wider scrutiny, and let their wealth creation be shared widely
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The Indian Tech Unicorn Report 2020 put out by Orios Venture Partners shines a light on the value created by our tech firms. It says that 44 Indian tech unicorns, including InMobi, MakeMyTrip, Paytm and Byjus, had generated over 1.4 million jobs and achieved a combined value of $106 billion by end-2020.