The country’s startups are fast becoming unicorns: 65 out of 130 startups i.e. 50% got unicorn status, it took only 5 years

The environment for startups in the country has become very good in the last few years. But 2021 has been great for the startups of the country. According to the report of Iron Pillar Investment Fund, so far 130 startups in the country have attained unicorn status and out of these, 65 i.e. 50% have achieved this feat in less than 5 years. The special thing is that in 2021, a total of 53 startups got the status of unicorn and out of these 28 were such that were formed in 2021 itself. That is, the pace of development of the country’s startups has increased very fast.

There will be 250 unicorns in the country by 2025

The report estimates that the number of unicorns in the country could reach 250 by 2025. The country’s unicorns have the highest number of 59 ie 45% consumer tech companies. Of these, the market of 46 is limited to India, while 13 companies have extended the market to other countries.

More than 66,359 startups registered
According to the report, the number of unicorns expanding the market outside India is also increasing rapidly. Consumer tech startups have also raised the most funds in unicorns. According to the Central Government’s Department for Promotion of Industry and Internal Trade, there are 66,359 startups registered in the country. Among these, unicorns are said to be privately owned companies whose valuation is more than one billion dollars (Rs 7600 crores).Of the 130 startups that have achieved unicorn status in the country, 12 are listed on the stock market, while 7 have been acquired. These companies have been removed from the category of unicorns after being listed or acquired.