Why India’s unicorns are turning venture capital investors
- Hunger for growth and the need to tap adjacencies are pushing top unicorns to set up funds and turn investors.
- Indian unicorns have invested in more than 90 startups over the last decade. Zerodha, Paytm and Zomato account for more than half of all equity investments made by active unicorns
NEW DELHI : In 2013, Abid Hassan was perhaps a bit ahead of the times. Hassan, a graduate of the Indian Institute of Management (IIM) Ahmedabad, was setting up an options trading company Sensibull. It was another era. Zerodha was a relative newbie in the startup world. And its co-founder Nithin Kamath was a budding entrepreneur who was still learning the ropes. But Kamath’s passion for the stock market as a businessman still stood out.