India could have 122 new unicorns within the subsequent two to 4 years, in keeping with the Hurun India Future Unicorn Index 2022 launched by Hurun Analysis Institute. Startups, Shiprocket, Zepto, Turtlemint prime the record of possible unicorns.
The index has labeled corporations as would-be unicorns (these based after 2000 and valued at the least $1 billion), Gazelles (these almost certainly to develop into unicorns within the following two years), and Cheetahs (start-ups that might go unicorn within the subsequent 4 years).
Gazelles are projected to be price between $500 million and $1 billion. The Gazelle pack is led by Shiprocket, a five-year-old LogisticsTech startup, adopted by Zepto, Turtlemint, Ather Power and Vivriti Capital. The opposite 5 startups on the record are Ninjacart, Dunzo, Rapido, ClearTax and Twin Well being.
The ‘Cheetahs’ pack is led by Pepperfry, adopted by Bengaluru-based Juspay and FinTech agency Mswipe Applied sciences. Pixis, SUGAR cosmetics, WayCool, ZestMoney, Bluestone, Cuemath, Winzo are the opposite startups on the record.
Rajesh Saluja, Chief Govt Officer(CEO) & Managing Director (MD), ASK Wealth Advisors Pvt Ltd mentioned, “India has emerged because the third largest ecosystem for start-ups after the US and China, and noticed a report 44 start-ups turning into Unicorns in 2021. New concepts and improvements which have the potential to profit thousands and thousands of shoppers are being incubated by the start-up ecosystem.”
Hurun India’s findings confirmed that Bengaluru continues to be the start-up capital of India. The town is dwelling to 46 possible Unicorns, adopted by Delhi NCR (25) and Mumbai (16). E-commerce, FinTech, and SaaS comprise 43 per cent of the Future Unicorn Index 2022.
Anas Rahman Junaid, MD and Chief Researcher, Hurun India mentioned that, “though some Indian start-ups are implementing layoffs and cost-cutting measures, fuelling hypothesis of an ecosystem downturn. We consider there could possibly be a short-term blip within the development story, however the Indian start-up ecosystem’s long-term potential stays wonderful and resilient.”
Enterprise capital agency Sequoia has emerged as essentially the most lively investor within the nation’s start-up ecosystem after investing in 39 possible unicorns, adopted by Tiger World, which has invested in 27 potential unicorns, the report confirmed.
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June 30, 2022
