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Share on The COVID-19 pandemic may have led to a negative impact on several sectors, including travel, hospitality, restaurants, and mobility, but there was a significantly positive effect on others such as edtech, agritech, e-grocery, and fintech. InMobi subsidiary Glance became the latest addition to the coveted $1 billion+ valuation club in December, along with DailyHunt s parent company VerSe Innovation, following investments of over $100 million by existing and new investors, including Google. Some of the startups that touched unicorn status in 2020 were Pine Labs, Nykaa, First Cry, Razorpay, Postman, Zerodha, Unacademy, Cars24, Zenoti, and PhonePe. This year, Digit Insurance has already touched unicorn status. ....
A decade since India saw the creation of its first unicorn, the 44 startups that have reached this milestone have created $106 billion in value for the Indian ecosystem. Having created over 1.4 million jobs annually, Indian startups have taken eight years on an average to hit the unicorn milestone, according to a report by early-stage VC fund Orios Venture Partners. The trend that is noticeable here is that time has been reducing, as founders with prior founding or startup experience are coming into play. Startups like Naukri.com and MakeMyTrip, which had been founded before 2005, have taken over 14 years to achieve that status, while Zomato, Flipkart and Policy Bazaar (2007-2009) have taken almost 8.7 years. Nykaa and OYO (2012-13) have taken even less time at 5.8 years, while Udaan and Ola Electric (2016-17) have taken only three years to achieve that status. ....
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. ....
44 startup unicorns created $106 billion in value livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Updated Jan 26, 2021 | 17:00 IST The IPO market was buzzing last year, we saw 14 companies filing draft red herring prospectus. the year 2021 also will witness the same pomp with some of the common household startups in the fray. Representational Image Key Highlights Last Year Route Mobile gave returns above 200% Info Edge parent company of Naukri has logged in a return of over 80%. 2021 is proving to be the year of startup IPOs. Zomato, Nykaa, Flipkart, Policy Bazaar and even BYJU s & Pepperfry maybe look to list this year. If the past is anything to go by, in 2020 all the IPOs have been in positive territory with some of them like Route Mobile even giving returns above 200%. ....