How the unicorns of 2021 stand out from the rest3 min read 12 Oct 2021, 11:13 AM IST
As many as 31 Indian startups have hit a billion-dollar valuation in 2021. As they go from the warm glow of fund-raise to the cold realities of doing business, factors such as steep valuations, cash-guzzling consumer businesses, and low founder holdings will all come into play
This year’s juggernaut of Indian tech startups turning unicorns, or reaching valuations of $1 billion or more, is ticking along. The number jumped to 33 as three—cryptocurrency trading platform CoinSwitch Kuber, cloud kitchen Rebel Foods, and meat seller Licious—entered the coveted club last week, while two others—payments firm MobiKwik and online portal for cars CarDekho—joined this week . As online businesses gain traction, an investing landscape flush with cash and the emergence of public listing as an exit route for investors have contributed to this blitz of fundraising and surging valuations.
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