India is anticipated to ship one other 122 unicorns throughout the subsequent few years, however only a few are going to be worthwhile, in line with a research printed by Hurun Research Institute and ASK Asset & Wealth Management. Of the 122, round 51 startups are anticipated to turn into unicorns inside two years. The most valued startups on the listing embody corporations equivalent to Shiprocket, a five-year-old LogisticsTech startup, adopted by hyperlocal supply agency Zepto, e-commerce start-up Turtlemint, electrical automobile producer Ather Energy, Fintech startup Vivriti Capital and others.
Another 71 startups, together with Pepperfry, fintech start-up Juspay, Ratan Tata-backed Fintech Mswipe Technologies, Pixi, SUGAR Cosmetics and others, are anticipated to the touch the $1-billion mark within the subsequent 4 years.
The potential unicorns featured on the Hurun listing have been based on a mean in 2015, with nearly all of them promoting software program and providers whereas one other 17% are promoting bodily items. Around 37% are business-to-business sellers, whereas 63% are consumer-facing. Financial providers, logistics, healthcare and schooling are among the many most centered sub-segments by the longer term unicorns, the research identified.
Interestingly, solely 17 of those corporations, which have potential to show unicorns on the Hurun listing, made earnings in FY21, indicating that the overwhelming majority of India’s future unicorns might need to subsidise their income by elevating extra enterprise capital or non-public fairness funds. However, these firms at present make use of greater than 82,300 individuals.
“While compiling the ASK Private Wealth Hurun India Future Unicorn Index 2022, we discovered that the country’s start-up ecosystem is expanding at an unprecedented rate. In just one year, the number of unicorns has increased by 65%…Probably, the pandemic has accelerated the disruption of traditional businesses and fostered the emergence of startups. The ecosystem is gradually attaining the requisite maturity and resilience,” Anas Rahman Junaid, MD and chief researcher, Hurun India stated in an announcement.
The research additionally added that India’s future unicorns are at present price $49 billion, with a rise of 36% in comparison with final yr, whereas Bengaluru continues to be the unicorn startup capital of India which is house to 46 possible unicorns adopted by Delhi-NCR (25) and Mumbai (16). Around 21 Indian future unicorns have abroad headquarters, 18 within the US, two in Singapore and one within the UK.
Only 15 startups featured on Hurun’s potential unicorn listing have been led by girls. Social content material startup Pratilipi is the one firm within the index with two girls co-founders. Aged 28, Vrushali Prasade of Pixis is the youngest girl co-founder featured in Hurun India Future Unicorn Index 2022. Pixis is an organization offering codeless AI infrastructure for advertising and marketing.
At the highest of the index is Kanika Gupta, who’s the co-founder and COO of PropTech aggregator Square Yards. She is an alumnus of Wharton Business School. Manju Dhawan, co-founder of Ecom Express, was the primary entrepreneur in her household.
The youngest startup founder within the index is Kaivalya Vohra, aged 19, of fast commerce gazelle Zepto. His co-founder Aadit Palicha is simply months older at 20. Dropouts from Stanford University, and whereas quarantined in Mumbai in the course of the lockdown, they got here up with the thought of Zepto, which now operates a 10-minute grocery supply service.
The oldest founder within the index is Okay Satyanarayana, aged 61, of Ecom Express. The common age of Indian startup founders within the index is 38. There are 18 startup founders aged underneath 30 and 19 aged above 50.
Cumulatively, the 122 recognized potential unicorns within the index raised round $17.8 billion in funding, which is a rise of 47% in comparison with final yr.
With a $700-million funding, Dunzo is probably the most funded on the listing adopted by Aye Finance ($610 million) and Navi Technologies ($580 million).
Having invested in 39 possible unicorns, Sequoia is probably the most energetic investor within the Hurun Future Unicorn Index adopted by Tiger Global with stakes in 27 future unicorns. Some of probably the most useful future unicorn on Sequoia’s portfolio embody names like Classplus, DeHaat, Porter, Progcap and CityMall. While Tiger Global had one other 21 startups on its portfolio, together with names like GreyOrange, Captain Fresh and MoneyView.
Early and growth-stage VC agency Accel got here third on the listing of most energetic unicorn buyers with 19 startups which might be anticipated to the touch the $1-billion valuation mark throughout the subsequent 2-4 years. EV producer and ride-sharing start-up Bounce, B2B kirana provider Ninjacart and SaaS platform CleverTap are the outstanding startups which have obtained funding from Accel. It is the primary VC agency to again firms equivalent to Acko, Blackbuck, BookMyShow, Bounce, BrowserStack, Moglix and Rupeek, amongst others.
Ratan Tata, the chairman-emeritus of the Tata Group turned angel investor, has invested in three startups on the longer term unicorn listing. Tata has invested in over 30 startups, together with Ola Electric, Paytm and Zivame, in his private capability and a few by way of his funding firm.
Source: www.financialexpress.com”