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Indian unicorns’ total valuation touched $385B in 2024: Report
YourStory
·
7m ago
Medial
In 2024, the Indian startup ecosystem experienced significant growth, with seven new unicorns bringing their total valuation to $385 billion, according to Orios Venture Partners. The year also saw 29 unicorns reporting profitability and increased startup investments, totaling $11.4 billion. India led the global IPO market with 327 IPOs, including Swiggy's $1.34 billion listing. Notably, Zomato became the first tech company included in the Sensex index, highlighting India's burgeoning tech influence.
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Indians founded highest unicorns outside country: report
Economic Times
·
1y ago
Medial
India has produced more offshore unicorns than any other country, with 109 unicorns founded outside of India compared to 67 within the country, according to the Global Unicorn Index 2024. The report by the Hurun Research Institute ranked India third globally with a total of 67 unicorns, led by Swiggy, Dream11, and Razorpay. The majority of the offshore unicorns were based in the US (95), followed by four in the UK, three in Singapore, and two in Germany. The report also highlighted a slowdown in new unicorn investments in 2024.
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Inside India’s Soonicorn Club: The Sectors, Hubs That Will Mint India’s Next $1 Bn+ Ventures
Inc42
·
1y ago
Medial
A recent report by Inc42 titled "Unicorns of Tomorrow - Decoding India's Soonocorn Landscape Report, 2024" reveals that there are 112 Indian startups on track to become unicorns, with valuations ranging from $200 million to under $1 billion. These soonicorns have a combined valuation of over $40 billion and have raised more than $15 billion since 2014. Interestingly, only 8% of them are profitable, with fintech being the sector fostering the most number of soonicorns at 36, followed by e-commerce with 19 startups. Peak XV, Tiger Global, and Accel are among the investors with the most soonicorns in their portfolios.
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Indian start-ups see renewed investor interest; funding rises 23% amid cautious optimism: Report
Business Today
·
4m ago
Medial
Indian start-ups are witnessing a surge in investor interest, with a 23% increase in funding and a 27% rise in deals. The growth is driven by a 2.1X increase in new tech start-ups, bringing the total to 32,000-35,000. In 2024, tech funding reached $7.4 billion, with deeptech investments growing by 78%, primarily led by AI start-ups. Six new unicorns emerged with a combined $220 billion+ valuation, and tech IPOs tripled.
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Indian unicorns see net workforce decline amid layoffs, restructuring: report
Economic Times
·
7m ago
Medial
Unicorn companies, or startups valued at $1 billion or more, experienced a decline in workforce in India. According to a report, the attrition rate for Indian unicorns was 4.5% in the 12 months leading up to August, resulting in a reduction of about 6,700 employees. However, some unicorns managed to maintain low attrition rates, such as Zerodha, Zoho, and MapMyIndia. The report also highlighted a hiring surge in March 2024, led by companies like Paytm and BigBasket. Mumbai-based unicorns saw the largest decrease in employees, while Delhi-NCR witnessed the highest increase.
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Delhi-NCR unicorns hired more than B'luru in 12 months: Report
Inshorts
·
7m ago
Medial
Delhi NCR-based unicorns hired the most number of employees (18,554) across all major Indian startup hubs between August 2023 and August 2024, a PrivateCircle report stated. It was followed by Chennai (4,785) and Bengaluru (2,384). Meanwhile, unicorns in Mumbai, Pune and Hyderabad saw their net headcount decline by 7,024, 643 and 66 employees, respectively.
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Six startups crossed $1 billion valuation mark in 2024
Inshorts
·
8m ago
Medial
After a brief lull in 2023, the Indian startup ecosystem regained its momentum and churned out unicorns in healthy numbers in 2024. While just two startups achieved the coveted status last year on account of the extended funding winter, as many as six new-age tech companies entered the billion-dollar valuation club in 2024.
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Peak XV Partners most active investor in India: Hurun report
Economic Times
·
1y ago
Medial
Venture Capital firm Peak XV tops the list of most active Indian startup investors with investments in 47 entities. This information comes from the ASK Private Wealth Hurun India Future Unicorn Index 2024. Following Peak XV is Accel, which has invested in 25 companies expected to become unicorns. Peak XV's successful investments include Turtlemint, CleverTap, and Classplus. The report also highlighted a decrease in the number of unicorns from 68 to 67 in 2023. Peak XV has invested in 70% of India's current unicorns. Accel, Tiger Global, Trifecta Capital Advisors, and Blume Ventures also ranked high as investors in Indian startups.
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India's tech startup funding at $4.1 billion in H1 2024; tops H2 2023, trails year-ago levels: Tracxn
Economic Times
·
1y ago
Medial
Indian tech startups raised $4.1 billion in H1 2024, a 4% increase from H2 2023, according to a report by Tracxn. Despite a 13% decrease compared to H1 2023, India remains the fourth-highest funded country in the tech startup landscape. The report highlighted trends such as an increase in seed-stage funding and the rise of 8 funding rounds exceeding $100 million. The number of unicorns and 'Soonicorns' (startups likely to become unicorns soon) also saw significant growth. Bengaluru, Delhi, and Mumbai were the top cities in terms of funds raised, and Accel, Blume Ventures, and Peak XV Partners were the top investors in H1 2024.
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Average unicorn time for startups down to 5.5 years: Report
Economic Times
·
1y ago
Medial
According to a report by Orios Venture Partners, the average time for an Indian startup to become a unicorn has decreased from 8.4 years in 2022 to 5.5 years in 2023. India ranks third globally in terms of producing unicorns, but only two companies reached a valuation of over $1 billion last year. Despite a challenging liquidity environment, achieving unicorn valuations demonstrates the growth potential of the market. Zepto, a quick commerce startup, and fintech firm InCred were among the newly minted unicorns in 2023.
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GenAI claims lion’s share of global AI startup funding
Economic Times
·
1y ago
Medial
GenAI startups received 40% of the $498 billion AI startup funding in H1 2023. AI companies attracted 70% of global private capital, showing a 55% increase from 2022. The report also highlights the rise of corporate VC investments in AI, accounting for 24% of all investments. Additionally, OpenAI's GPT-4 outperformed other language models, scoring 90% in the Bar Exam. India has produced seven AI unicorns with a total enterprise valuation of $25.4 billion.
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