New Delhi: India has emerged as the third largest startup ecosystem in the world after the US and China and the growth rate does not show signs of slowing.
During the past year, India has added three unicorns every month with a total of 51st counts, before England (32) and Germany (18).
Startup companies held personally worth more than $ 1 billion are called Unicorn.
The US presents a list with 396 Unicorn, while China is in second place with 277, showing data from the Hurun Research Institute.
Unicorn India is currently worth $ 168 billion, more than Telangana GDP at the current price.
Apart from the Unicorn, however, the number of future unicorns called “Gazelles” and “Cheetah” in India grow at exponential speed, said Anas Rahman Junaid, MD and the researcher’s chairman at Hallus India.
“Gazelle” is a startup established after 2000 with the potential to go unicorn in two years, while “Cheetah” can go unicorn in the next four years.
Gazells have an estimated assessment ranging from $ 500 million to $ 1 billion and cheetah assessments range from $ 200 million to $ 500 million.
“Preparing the list of Unicorn Hurun India’s future 2021 has become one of the most frightening tasks, especially because of positive hyperactivity in the early Ecosystem of India,” Junaid said.
“For example, five start-ups that we have as Cheetah at the beginning of our research, jump directly to Unicorn valuations.” Online retail shop Zilingo is the most valuable pepperfry platform Gazelle and Digital Furniture is the most valuable cheetah.
Mobile Premier League (MPL), Rebel Food, Cure.Fit, Spinny and Mamaearth are some of the long-list of future unicorns worth $ 36 billion, as high as a third of Delhi GDP with current prices.
Top investors in Gazelles and Cheetah are SEQUOIA followed by global tigers with 37 and 18 respective investments.
E-commerce, Fintech and SaaS consist of 49% of the unicorn list in the future.
Entrepreneurs who appear on the list of Rich Hurun India have invested in Gazelles and Cheetah, showing data.
Founder of Creder Kunal Shah addressed the list with nine initial investments followed by Binny Bansal with five and Ratan Tata with four.
Infosys Co-Founders Nandan Nilekani (3), NR Narayana Murthy (2) and Kris Gopalakrishnan (1) have also invested into the list.
With 31 start-up, Bengaluru is the capital of India’s start-up followed by Delhi NCR (18) and Mumbai (13).
Bengaluru is home to 11 Gazell and 20 Cheetah, with a cumulative assessment of $ 12.4 billion.
Three major city headquarters 68% of these companies.