India’s fast-growing startup ecosystem has led to the addition of three “unicorns” per month in 2021 to nearly double the total number of startups valued at over $ 1 billion to 51 as of the end of August, according to a report. posted Thursday.
According to Hurun India’s Future Unicorns List 2021, most startup founders have studied at IIT Delhi or IIM Ahmedabad and the average age of founders on the list was 39.
The report also mentioned that the founders of gaming startup Zupee, Dilsher Singh and Siddhant Saurabh are the youngest on the list at the age of 25.
The list says that IITs and IIMs are the largest bases for producing successful entrepreneurs, stating that 17 founders graduated from IIT Delhi, followed by 15 from IIT Bombay and 13 from IIT Kanpur, while IIM-Ahmedabad was the school of Favorite graduate with 13 founders listed.
Bengaluru is home to 31 startups on the list, followed by Delhi NCR with 18 and Mumbai trails with 13.
From an age perspective, 11 company co-founders on the list were under 30, while 15 were over 50, he said.
The top investors in Gazelles and Cheetahs on the Hurun India Future Unicorn List 2021 are Sequoia, followed by Tiger Global with 37 and 18 investments, respectively.
Furthermore, the report also indicated that Indian startups founded in the 2000s with a valuation of at least ₹ 1,500 crore or $ 200 million, are more likely to “go unicorn” in the next 2-4 years, according to a report. .
According to the report, such startups are and more likely to “go unicorns” within 2 years (Gazelles) or 4 years (Cheetahs) if their value is at least $ 200 million.
Future unicorns are valued at $ 36 billion, he said, adding that the jump to being a unicorn can also happen quickly, as seen in five ‘cheetahs’ who jumped straight into the unicorn club over the past eight months.
Anas Rahman Junaid, managing director and chief investigator at Hurun India, said that preparing the list of such companies taking private placements was a difficult task, adding that inputs have been taken from venture capital funds.
“India is home to more than 600 million Internet users and is expected to have 900 million users by 2025. Internet adoption in rural areas will further complement the rise of tech startups. Operating fintech companies in mobile payments, secure, blockchain, equity trading and digital loans will grow even further to capitalize on internet penetration, “he said.
