🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

91 of India's 117 Unicorns Genuinely Maintain Valuations Above $1 billion, says Blume Report

OutlookIndia

OutlookIndia · 6m ago

91 of India's 117 Unicorns Genuinely Maintain Valuations Above $1 billion, says Blume Report

Of India's 117 unicorns, 91 maintain valuations above $1 billion, despite challenges in sustaining these valuations long-term, according to a Blume Ventures report. India's unicorn creation significantly fell from 44 in 2021 to 2 in 2023, amid a funding winter that saw overall startup funding drop from $42 billion in 2021 to $16 billion in 2023. This downturn also led to the closure of over 35,000 startups in 2023.

7

Related News

101 of India’s 117 Unicorns Have Zero Patents; Ola Electric Holds The Highest Number

OutlookIndia

OutlookIndia · 4m ago

101 of India’s 117 Unicorns Have Zero Patents; Ola Electric Holds The Highest Number

India's startup ecosystem, the world's third-largest with 117 unicorns, reveals a striking trend: 101 hold no patents. Collectively, these unicorns own just 229 patents, with Ola Electric and Ather Energy holding 63% of them. Ola Electric leads with 99 patents, with plans to invest significantly in research and development. Challenges include the slow Indian patent system and unclear software patent regulations, sparking debate about the need for innovation over merely building valuations.

Inside India’s Soonicorn Club: The Sectors, Hubs That Will Mint India’s Next $1 Bn+ Ventures

Inc42 · 1y ago

Inside India’s Soonicorn Club: The Sectors, Hubs That Will Mint India’s Next $1 Bn+ Ventures

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.

Delhi unicorns on hiring spree amid funding winter; over 50,000 join startups

Livemint

Livemint · 1y ago

Delhi unicorns on hiring spree amid funding winter; over 50,000 join startups

According to a report by PrivateCircle Research, Delhi-based unicorns saw a significant increase of 52,420 employees between September 2022 and July 2023, despite the global funding winter. However, the report also noted that 3.6 lakh employees left their jobs across Indian unicorn startups in the same period. Bengaluru's startup ecosystem experienced a decline in workforce, while only three Indian unicorns managed to maintain an attrition rate of under 1%. Overall, 111 unicorns employed 4,42,714 people in July 2023, showing a net increase from September 2022.

Indian unicorns see net workforce decline amid layoffs, restructuring: report

Economic Times

Economic Times · 8m ago

Indian unicorns see net workforce decline amid layoffs, restructuring: report

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.

Banks' NPA to worsen but sector stress testing shows sector remains well placed, says RBI

Economic Times

Economic Times · 1m ago

Banks' NPA to worsen but sector stress testing shows sector remains well placed, says RBI

The Reserve Bank of India's Financial Stability Report highlights that gross non-performing assets (NPAs) in banks are expected to rise slightly, yet the sector remains robust with strong capital buffers and low non-performing loans. India's banking system, supported by healthy corporate balance sheets and economic growth, is well-prepared despite global uncertainties. Stress tests indicate that even under adverse conditions, banks will maintain capital adequacy above the regulatory minimum, showcasing resilience against potential macroeconomic shocks and liquidity challenges.

GenAI startups biggest driver of unicorns, says VC firm Accel

Economic Times

Economic Times · 1y ago

GenAI startups biggest driver of unicorns, says VC firm Accel

According to venture capital firm Accel, generative artificial intelligence (GenAI) companies have become the major driver of unicorns (startups reaching a $1 billion valuation). The report reveals that 60% of new unicorns are falling into this category. While European and Israeli GenAI startups received close to $1 billion in funding in the last 12 months, U.S. startups received over $14 billion, partly due to a $10 billion funding to OpenAI alone. The report suggests that specialized AI applications in cybersecurity, healthcare, construction, and legal will gain traction in the future.

Peak XV Partners most active investor in India: Hurun report

Economic Times

Economic Times · 1y ago

Peak XV Partners most active investor in India: Hurun report

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.

Average unicorn time for startups down to 5.5 years: Report

Economic Times

Economic Times · 1y ago

Average unicorn time for startups down to 5.5 years: Report

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.

Ola Group holds more than half of patents granted to 117 unicorns

Economic Times

Economic Times · 4m ago

Ola Group holds more than half of patents granted to 117 unicorns

Ola Group, encompassing ride-hailing, electric vehicles, and AI, holds over 50% of all patents filed by India's 117 unicorns, despite many unicorns having zero patents. With over 650 applications and 180 granted, Ola Electric leads in filings, particularly in EV innovations. Ola's R&D spending reached 19.3% of its revenue, indicating a commitment to technology creation over mere market capture. Globally, Ola’s patents extend to the US, UK, Japan, China, and Australia.

Dunzo, Jar, Koo among 25 startups dropped from Hurun India Future Unicorn Index

YourStory

YourStory · 1y ago

Dunzo, Jar, Koo among 25 startups dropped from Hurun India Future Unicorn Index

A total of 25 potential unicorns have been removed from the Hurun India Future Unicorn Index due to a lack of funding in India's startup ecosystem. Some companies were removed as they had already achieved unicorn status, while others were dropped due to declining valuations. The index now features 152 future unicorns from various cities in India, with a focus on software and services. The report also highlights the growth potential of sectors like aerospace, AI, and EV/renewable energy. Despite economic challenges, companies in the index saw significant revenue growth and profitability in FY23.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Elon Musk’s xAI published hundred ...

Exclusive: Robotics startup Miko ...

Download the medial app to read full posts, comements and news.