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India adds 28 unicorns in 2021 to take total to 66; over 3.3 lakh people employed

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India adds 28 unicorns in 2021 to take total to 66; over 3.3 lakh people employed: Nasscom

India adds 28 unicorns in 2021 to take total to 66; over 3.3 lakh people employed: Nasscom – India added 28 new unicorns in the initial nine months of 2021, taking the absolute number of unicorns in the country to 66, industry body Nasscom said. This allows the country an opportunity to double the quantity of unicorns from the year before. India had 38 unicorns toward the finish of 2020.

In the startup world, an organization which is esteemed at more than $1 billion is known as a unicorn.

The 66 unicorns in India have a sum of income of more than $15 billion, while they worker over 3.3 lakh individuals, Nasscom said in a blog entry. Out of these, seven unicorns have worker count of more than 10,000 each. Aggregately, these organizations have brought more than $51 billion up in subsidizing over their lifetime, with 18% of them have raised more than $1 billion each.

In term of their consolidation, 75% unicorns were fused over the most recent 11 years (2010 and onwards) out of which more than 50% were joined in 3 years (2010 – 8, 2011 – 9 and 2015 – 10), it said.

Nasscom said online business, SaaS (Software as an assistance) and fintech firms represent more than 60% of the absolute unicorns in the country, with the areas additionally representing 60% of the all out combined financing. These areas were trailed by edtech and coordinations as far as number of unicorns.

As far as the clients they serve, business-to-business (B2B) firms represent 50% of unicorns, while 24% are business-to-shopper (B2C). 16% of unicorns serve both B2B and B2C, said Ashish Gupta, the blog entry’s creator.

Bengaluru has the most extreme number of unicorns with 33% of country’s unicorns settled in the southern city, trailed by Delhi-National Capital Region with 20%.

“Around 90% of new companies turned unicorns in 10 or less number of years from their extended period of fuse out of which 70% turned unicorns in under 5 years,” it said.

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