India gets two new unicorns

We are in the last month of 2021, and the Indian startup ecosystem already has 44 new unicorns, surpassing the projected numbers this year.

Thursday December 30, 2021 , 3 min Read

Good Morning,

The year 2021 is ending with a bang as two more startups crossed the billion-dollar valuation mark to enter the coveted unicorn club.

Baby and mother care brand Mamaearth's parent company Honasa Consumer raised $37.5 million in a Series F funding round led by Sequoia Capital India. With this fundraise, Mamaearth has become one of the five unicorns this year that is led by a female co-founder.

Meanwhile, Delhi-headquartered ecommerce roll-up company GlobalBees has raised $111.5 million in a Series B round led by Premji Invest — making it the second such company to turn unicorn this year after Mensa Brands.

With these new entrants, 2021 is rightfully hailed as the 'year of the unicorn' as it is now closing with 44 new unicorns — the highest ever.

YourStory Research reveals that India is now home to a total of 77 active unicorns — more than 2X of the total number of unicorns that the ecosystem had until 2020.

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