India can have 122 new unicorns within the subsequent two to 4 years, in response to the Hurun India Future Unicorn Index 2022 launched by Hurun Analysis Institute. Startups, Shiprocket, Zepto, Turtlemint prime the checklist of possible unicorns.
The index has labeled corporations as would-be unicorns (these based after 2000 and valued a minimum of $1 billion), Gazelles (these almost certainly to grow to be unicorns within the following two years), and Cheetahs (start-ups that would go unicorn within the subsequent 4 years).
Gazelles are projected to be value between $500 million and $1 billion. The Gazelle pack is led by Shiprocket, a five-year-old LogisticsTech startup, adopted by Zepto, Turtlemint, Ather Vitality and Vivriti Capital. The opposite 5 startups on the checklist 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 checklist.
Rajesh Saluja, Chief Government 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 file 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 residence 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 might 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 probably the most energetic 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.
Revealed on
June 30, 2022
