India has 100 unicorns. Now what?

The unicorn may be a mythical creature, but in the startup ecosystem, it is becoming commonplace. In fact, data suggest the Indian startup ecosystem births a new unicorn every two weeks.
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The unicorn may be a mythical creature, but in the startup ecosystem, it is becoming commonplace. In fact, data suggest the Indian startup ecosystem births a new unicorn every two weeks. 

Anand Prasanna, Managing Partner at growth-stage fund Iron Pillar, says:

“The unicorn tag is a milestone. As an investor, we look at it as more long-lasting, and while these startups may not last or even have a drop in valuation, the idea of a unicorn as a concept has lasted long (for maybe 16 centuries), and we believe, looking at the growth trajectory and other factors, this particular startup may be lasting.”

As per YourStory Research, India currently has 92 active unicorns.

Open — the latest addition to the list — takes the count to 100 when we consider Flipkart and Bigbasket, which were acquired by Walmart and Tata Group, respectively; Info Edge (India) and MakeMyTrip that got listed in the past, and Hike, Shopclues, Snapdeal, and Quikr that lost their unicorn tags due to an eventual drop in valuation. 

The 15 unicorns of 2022 account for 34.09 percent of the 44 unicorns created in 2021. Clearly, 2022 is a bumper year for startups, especially, the growth-stage ones. But, what next? Read more.


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Before you go, stay inspired with… 

Every young girl should take up sports to be more self-confident, healthy, and self-reliant. 

Rupa Bayor, Taekwondo champion


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