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India to have 150 fintech unicorns with combined $500 billion valuation by 2030: report

Economic Times

Economic Times · 11m ago

India to have 150 fintech unicorns with combined $500 billion valuation by 2030: report

India is expected to become home to 150 fintech unicorns valued at $500 billion by 2030, according to a report by JM Financial and Beams Fintech Fund. The report predicts a surge in revenue for Indian fintech firms, reaching $260 billion by the end of the decade. The payments industry is projected to lead the fintech boom, with transaction values expected to reach $11 trillion by 2030. Other segments such as lending, insurtech, wealthtech, and neobanking are also set for significant growth. Currently, India has 26 fintech unicorns, positioning it behind the US, China, and the UK.

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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.

Indian Soonicorns Have Created 1.26 Lakh Jobs To Date

Inc42 · 1y ago

Indian Soonicorns Have Created 1.26 Lakh Jobs To Date

According to a recent report by Inc42, Indian soonicorns (startups valued at over $1 billion but not yet IPOed) based in Bengaluru, Mumbai, and Delhi NCR have created nearly 90% of employment opportunities. These soonicorns, which have raised more than $15 billion and have a cumulative valuation of over $40 billion, have created more than 126,000 jobs to date. Fintech soonicorns have emerged as the biggest employment providers, followed by ecommerce and enterprise tech sectors. Despite the challenges faced by Indian startups over the past two years, the number of unicorns in India is expected to rise to over 280 by 2030, led by fintech, ecommerce, and enterprise tech soonicorns.

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

Economic Times

Economic Times · 10m ago

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

- 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.

The State Of Indian Startup Ecosystem Report 2023

Inc42 · 1y ago

The State Of Indian Startup Ecosystem Report 2023

The Indian startup ecosystem has grown significantly since 2014, with over 68,000 startups emerging and raising more than $140 billion in funding. Despite challenges, this growth has been driven by factors such as increased internet and smartphone usage, the presence of global and domestic funds, and supportive government initiatives. The future looks promising, with projections of 180,000 startups, over 280 unicorns, and a combined valuation of $1.5 trillion by 2030.

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.

Jobs Galore: How Indian Unicorns Have Changed The Face Of India’s Job Market

Inc42 · 2y ago

Jobs Galore: How Indian Unicorns Have Changed The Face Of India’s Job Market

According to an Inc42 report, India’s 110 Indian unicorns today employ more than 4.5 Lakh individuals directly. Indian unicorns, prominent startups valued at over $1 billion, have significantly impacted the country's job market by creating diverse employment opportunities across various sectors. These unicorns, spanning industries like e-commerce, fintech, and edtech, have transformed the employment landscape, offering jobs ranging from technology and operations to marketing and sales, thus contributing to India's evolving economic ecosystem. Read the article by clicking on "View Source" to know more-

Inc42 Media on LinkedIn: Indian startups have raised a whopping $141 Bn+ since 2014 – and over the…

Inc42 · 1y ago

Inc42 Media on LinkedIn: Indian startups have raised a whopping $141 Bn+ since 2014 – and over the…

Indian startups have seen significant growth in funding, with over $141 billion raised since 2014. However, funding in the first quarter of 2023 experienced a decline of over 75% compared to the previous year. Despite this, investors have announced over $3.6 billion worth of funds to support Indian startups. It is estimated that India will have more than 280 unicorns by 2030, thanks to the continued support and investments from various investors. To learn more, a full report on the state of the Indian startup ecosystem in 2023 is available for free.

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.

Indian start-ups see renewed investor interest; funding rises 23% amid cautious optimism: Report

Business Today

Business Today · 4m ago

Indian start-ups see renewed investor interest; funding rises 23% amid cautious optimism: Report

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.

Start-Ups Face Valuation Cuts While Chasing Fresh Capital

OutlookIndia

OutlookIndia · 2m ago

Start-Ups Face Valuation Cuts While Chasing Fresh Capital

India's startup ecosystem is experiencing a valuation correction, with 55 companies in sectors like fintech and consumer internet raising funds at reduced valuations. Notable examples include Meesho and Oyo, which faced significant valuation drops. Despite the cuts, India's tech startups raised $2.5 billion in Q1 2025, showing a solid increase from previous periods. The report highlights that while late-stage startups saw funding growth, seed-stage ventures faced funding declines, with no new unicorns emerging in Q1 2025.

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