Ecommerce, Fintech, Or SaaS – Where Do India’s 100 Unicorns Come From?
India recently achieved the milestone of becoming only the third country to have produced 100 unicorns
Ecommerce has produced the most of India’s 100 unicorns with 23, followed by fintech with 21 unicorns and enterprisetech with 19 unicorns
India also has 100 soonicorns that will form the next wave of unicorns
India recently crossed the milestone of minting 100 unicorns , becoming only the third country in the world to do so after the US and China.
India’s journey to 100 unicorns started in 2011 with the first unicorn, InMobi.
Ecommerce giant Flipkart soon followed suit, becoming the second Indian unicorn. Soon, a flurry of startups such as Mu Sigma, Ola and others attained a $1 Bn valuation.
Come 2021, and the funding amount reached $42 Bn, startup launches crossed 1,500 and most importantly, unicorns minted in a calendar year hit an unprecedented 44.
While 2022 has seen a slowdown in startup funding , 14 Indian startups have already crossed unicorn valuation this year, taking the number to 100 in a decade.Days ago, we looked at how India’s unicorns measure up against the world . This time around, we are looking at what Indian unicorns do, which sectors are dominant among the unicorns ecosystem and what are the undercurrents within the larger ecosystem. Sectors With The Most Unicorns In all, there are 23 ecommerce unicorns, the most from any segment. These include the likes of Flipkart and Nykaa.Ecommerce has seen an incredible rise over the last few quarters, with Thrasio-styled startups Mensa Brands and GlobalBees hitting billion-dollar valuations in record times .D2C or the direct-to-consumer model has emerged as a major ecommerce subsegment and it has been gaining momentum across the country. The D2C market is estimated to reach $200 Bn by 2026 , which represents around 60% of the total ecommerce opportunity.Therefore, it seems […]
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