How India's unicorns galloped into 2022, in charts3 min read . Updated: 11 Jan 2022, 01:07 AM IST
As many as 44 startups turned unicorns in 2021, exceeding the combined count till 2020. They also punched closer to their global peers in pace and capital, and showed greater diversity on many fronts than before
In the first week of 2022, two more Indian internet startups, Mamaearth and Fractal Analytics, turned unicorns, or reached a $1-billion valuation. Seven more, each valued at over $600 million, are priming themselves, including Ecom Express, OneScore and Jupiter Money, according to Venture Intelligence. This is the momentum continuing from 2021: last year, India added 44 unicorns, two more than the cumulative count of the nine previous years. After the US and China, India now has the most unicorns.
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