Ease of doing business: 82 unicorns raise 39 billion dollars, reinforce faith in start-ups

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 the main startup's 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 Q3, Indian start-ups acquired file fundings, with funding totaling $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 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 has 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 percent from 2020, based on administration consulting agency Bain & Company.