Ease of doing biz: 82 unicorns raise $39 bn, reinforce faith in start-ups

The global pandemic resulted in a digital transformation and adoption of expertise at a societal stage. Moreover, tech sector regulatory modifications/crackdowns in China, availability of enormous swimming pools of personal capital have been all constructive components for the Indian start-up ecosystem to develop and produce a record 40 unicorns in 2021 alone.

Today, India has 82 unicorns with a complete funding of over $38.4 billion (from 2014 until December 4, 2021), based on knowledge supplied by main startups publication Inc42.

India emerged as the third largest start-up ecosystem on this planet in these 12 months, after the US and China, based on Hurun Research Institute.

In the Q3, Indian start-ups acquired file fundings, with funding totalling $10.9 billion throughout 347 offers, based on the PwC India.

India’s unicorns are at the moment price greater than $168 billion.

The final two years witnessed the approaching of age of the Indian

startup ecosystem. The two seminal occasions that served as distinct markers of this have been the IPOs of meals supply platform Zomato headed by Deepinder Goyal and software-as-a-service (SaaS) supplier Freshworks run by Girish Mathrubootham.

“Another factor that contributed to making the Indian startup ecosystem click was startups truly turning into an asset class. This resulted in the sector attracting interest and capital from a larger and diverse pool of investors, including retail — the subscription levels of PolicyBazaar, Nykaa, et al stand testament to this,” said Sijo Kuruvilla George, ED, Alliance of Digital India Foundation (ADIF).

Over the previous five years, the variety of SaaS corporations have doubled in India and SaaS corporations within the nation are poised to achieve $30 billion in income by 2025. India now has 13 SaaS unicorns and between seven and 9 firms with over $100 mn in annual recurring income. The investments in Indian SaaS firms rose to $4.5 bn in 2021 — a rise of 170 per cent from 2020, based on administration consulting agency Bain & Company.