News on Medial

60% of Indian unicorn founders achieved $1-billion valuation in maiden attempt: report

Economic Times · 1m

- 60% of India's unicorn founders built their startups valued at over $1 billion in their first attempt. - India's startup ecosystem has produced over 100 unicorns, but the pace of unicorn creation has slowed down in the last two years. - Fintech sector in India is projected to have 150 unicorns worth $500 billion by 2030 in areas like payments, lending, insurtech, wealthtech, and neobanking. - Venture capital firms and investors value founders who have previously faced failure and bounced back, seeing them as individuals with grit and adaptability. - Late-stage funding and the presence of investors like SoftBank and Tiger Global greatly influence the creation of unicorns. - Founders sometimes get carried away with valuations, which may not always be the best thing for the company's growth and sustainability.