In this episode of the Perspective Prog. based on The Billion Dollar Club: India’s Unicorn Era. World’s biggest investors, including SoftBank, Tiger Global and Falcon Edge, are pouring money into Indian startups, churning out unicorns at a record speed and valuations. India is now home to 71 unicorns that is startups valued at $1 billion or more. 33 of these entered this coveted club this year itself with 5 of them making the cut in the last two weeks. Many of these 33 unicorns, which have cumulatively raised more than 9 billion dollars till date, have also seen a surge in valuations. The growth of Unicorns in India has been phenomenal in the past two years. From 17 Unicorns in 2018 the number went up to 38 in 2020 and it’s 71 and counting in 2021. Analysts say the COVID pandemic accelerated adoption of digital services by consumers helping start-ups and new-age ventures that typically build tech-focused businesses delivering an array of offerings to customers. Many Indians who had traditionally been subscribers of brick-and-mortar businesses moved online and explored a host of services ranging from food delivery and edu-tech to e-grocery. This added significant numbers to start-ups’ user base and expedited their business expansion plans and attracting investors.
1. Abhiraj Singh Bhal, Co-Founder & CEO of Urban Company
2. Rameesh Kailasam, CEO, IndiaTech.Org
3. A.K. Bhattacharya, Editorial Director, The Business Standard
Anchor: Vishal Dahiya
Producer: Amit Srivastav, Sagheer Ahmad
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