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New Delhi19 minutes ago
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- 12 startups got unicorn status in 2020, the highest in 1 year
- Startups with a value of more than one billion dollars are called unicorns
Platforms with unicorn from startups have succeeded in creating record value. According to The India Tech Unicorn Report -2020 by Orius Venture Partners, the value of 44 unicorns in the country has now risen to $ 106 billion to about 7.6 lakh crore rupees. This has benefited the founders, employees, investors and the economy of these unicorns.
12 startups got unicorn status in 2020
A total of 12 startups in the country have received Unicorn status in 2020. This includes RazerPay, FarmEasy, Jirodha, Nike.com, Unacademy, Pine Labs, Postman, Genotti, Glens, Dailyhunt, FirstCry and Cars-24. This is the record for becoming the most unicorn in any one year. Startups with a valuation of $ 1 billion or about Rs 7,200 crore are called unicorns.
Paytm tops value with $ 16 billion value
According to data from Venture Intelligence, Paytm with a value of $ 16 billion tops the list of the most valuable unicorns. This is followed by the number of education unicorn bypass classes with a value of $ 10.8 billion. Oyo Rooms is at number three with a value of $ 10 billion, while Ola is at number four with a value of $ 6.4 billion. Zomato is at number five with a value of $ 3.9 billion. This does not include Flipkart and Snapdeal as their acqu isition or current status is unclear.
The highest number of unicorns in Bengaluru
The most interesting thing is that 41% of the total unicorns in the country are in Bengaluru alone. It is followed by Delhi-NCR with 34% and Mumbai with 14%. The India Tech Unicorn reports 86% of unicorn founders are engineers. The total founders of these unicorns have 1 or more engineers. Only 14% of unicorn founders are non-engineers.
Only 3 Unicorn Listed out of 44
According to The India Tech Unicorn Report, out of the total 44 unicorns in the country, only 3 are listed on the market, including MakeMyTrip, Just Dial and Naukri.com. 1 out of 44 unicorns ie Flipkart has been acquired. The current status of Snapdeal, Quikr and Hike is not known. At the same time, the current status of ShopClues is not known but it has been acquired.
This is a total of 44 unicorns in the country
MakeMyTrip, InMobi, Flipkart, JustDial, Mu Sigma, Naukri.com, Snapdeal, Ola, Quikr, Paytm, Hike, ShopClues, BiJus, Paytm Mall, Oyo, Udaan, Swiggy, PolicyBazaar, FreshWorks, Jomato, Billdesk, PhonePay, Big Basket , Dream-11, Blackbuck, Delhiveri, Ola Electric, Druva, Icertis, Citius Tech, Rivigo, Lenskart, Postman, Pine Labs, Unacademy, Nike.com, Jirodha, Farmizi, Razerpe, Ginotti, Glance, Dailyhunt, FirstCry and Cars- 24.
7 startups took 14.6 years to become unicorns
It took 14.6 years for the country’s total of seven startups to become unicorns. It took 8.7 years for 9 startups to become unicorns. It took 7.4 years for the 13 to become a unicorn. It took 5.8 years for 4 startups to become unicorns. It took 8 years for 8 to become a unicorn. It took 2.4 years for 3 startups to become unicorns. Startups that became the most unicorns of all time include Just Dial, Naukri.com, Billdesk, Pine Labs, Mu Sigma, MakeMyTrip and Citi’s Tech. The shortest time to become unicorns include Udaan, Ola Electric and Glance.