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Report Reveals That India Will Have 122 Unicorns In Next 2 To 4 Years

The report by the research house is a ranking of privately held Indian startups that were founded after the year 2000, worth at least $200 million and expected to turn unicorn in the next 2-4 years. Unicorns are privately held startups valued at $1 billion or more

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Indias future unicorns, including Shiprocket, Zepto, Turtlemint, Pepperfry, Juspay and Ather Energy, are currently worth $49 billion, a 36% jump in value compared to last year, a report by Hurun Research Institute showed.

The report by the research house is a ranking of privately held Indian startups that were founded after the year 2000, worth at least $200 million and expected to turn unicorn in the next 2-4 years. Unicorns are privately held startups valued at $1 billion or more.

According to reports, a 'funding winter' is upon the otherwise fledgling Indian start-up ecosystem due to various reasons like liquidity conditions getting tighter all across the world.

In just one year, the number of unicorns in the country has grown by 65% in 2021...Probably the pandemic has hastened the disruption of traditional businesses and helped in the ascendancy of the startups, said Anas Rahman Junaid, managing director and chief researcher, Hurun Research Institute

According to the report, Hurun has classified 17 startups, including logistics platform Shiprocket; quick commerce entity Zepto; insurtech player Turtlemint; electric vehicle venture Ather Energy; financial services provider Vivriti Capital; mobility startup Rapido and financial software platform Clear (formerly ClearTax), which are expected to attain unicorn valuations in the next two years.


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