Bhoomika Singh
Being the third-largest tech market in the world, India is all set to have around 250 unicorns by 2050, according to a report tabled by Iron Pillar, a growth-staged investment firm. India currently has 130 unicorns out of which, 100 have been created since January 2019. Generating a total value of US$ 535 billion, these unicorns consist of 58 Global Cloud companies built from India, 59 B2C companies, and 13 B2B companies.
Taking the information to Twitter, the CEO of Niti Aayog, Amitabh Kant tweeted, “India will have 250 unicorns by 2025 – Iron Pillar’s Tech Unicorn Report. India has 129 Unicorns of which 100 were added in Jan 2019 generating a value of $535 billion. Unicorns from India include 58 global Cloud Cos,59 B2C & 13 B2B Companies.”
The report titled, “India Tech Trends – Volume IV, Tech Unicorns Market Landscape”, indicates that the establishment of unicorns has been paced faster in recent times. According to the report, more than 50 per cent of total unicorns took less than five years from their 1st funding to become a unicorn. However, more than 80 per cent of them became a unicorn within seven and a half years.
The report also shows that the companies building cloud products for the world from India are extremely capital efficient, as they’ve reached to the unicorn status with 42 per cent less capital in comparison to the B2C companies. Cloud unicorns have created three times more value per US$ raised in comparison to the B2C unicorns, while creating two times higher US$ 1 billion exits than that of B2C companies.
However, the increasing number of Indian tech-founders building for global markets from India are choosing to the USA to base their headquarters instead of the native country.
The start-ups economy has gotten a big push since the pandemic, and now, we curve through its advantages. India shone to become the third-largest startup ecosystem in the world after the US and China. A record 44 Indian startups achieved unicorn status in 2021, taking the overall tally of startup unicorns in India to 83, with most in the services sector, a survey showed.
