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Which startups lost unicorn status last year?

Inshorts · 1y ago

Which startups lost unicorn status last year?

According to Hurun's Global Unicorn Index 2024, 42 startups in the world lost their unicorn status last year with their valuation dipping below $1 billion. BYJU'S, once valued at $22 billion, emerged as the biggest dropout in the list, followed by Thrasio, previously valued at $10 billion. Other startups that lost unicorn status are Hopin, PharmEasy, Chipone, Convoy and BlockFi.

Related News

147 Indian startups likely to become unicorns in 5 years: Report

Inshorts · 2y ago

147 Indian startups likely to become unicorns in 5 years: Report

According to the 'ASK Private Wealth Hurun India Future Unicorn Index 2023' report, India is expected to have 147 unicorn companies in the next five years. The report highlights that there are presently 51 gazelles, which are likely to achieve unicorn status within three years, and 96 cheetahs, which are anticipated to attain unicorn status within five years. The report also includes startups like Zepto and Rapido in the list of potential future unicorns.

India’s Unicorn Club: Here's The Comprehensive List Of 100+ Unicorns In India

Inc42 · 1y ago

India’s Unicorn Club: Here's The Comprehensive List Of 100+ Unicorns In India

Since India's first unicorn in 2011, India is now home to 110 startup unicorns, who are collectively valued at $347 Bn. Read the article by clicking on "View Source" button to get the full list of Indian startups which have the Unicorn status-

Unicorns And Venture Capital: Captivating Mirages Or Essential Investments?

Inc42 · 1y ago

Unicorns And Venture Capital: Captivating Mirages Or Essential Investments?

Venture capital and private equity investors have been fascinated with unicorns - startups valued at $1 billion or more. While these unicorn success stories seem enticing, they may not be necessary for achieving stellar returns. Unicorns are rare, making it difficult to build a consistent investment strategy around them. Additionally, predicting which companies will reach unicorn status is challenging. Investors can still reap significant returns by cashing out at opportune moments along the investment journey. The number of rounds an investor can stay in the game is limited by fund restrictions, and riding a future unicorn from inception to unicorn status is rare. Therefore, achieving exceptional returns in the venture capital landscape requires more than just capturing unicorns.

Indian startups raised more than $11 Bn in 2023: Report

Entrackr

Entrackr · 1y ago

Indian startups raised more than $11 Bn in 2023: Report

Indian startups raised over $11 billion in funding in 2023, with 181 growth stage deals raising $8.8 billion and 656 early stage startups raising $2.5 billion. Despite a funding crunch, two startups achieved unicorn status, and more than 980 startups raised venture capital throughout the year. However, the number of deals and the total funding amount decreased compared to previous years. The report also highlights trends such as layoﬀs, shutdowns, and exits, and the dominance of Bengaluru in terms of funding.

Unicorn Blueprint: Decoding The DNA Of India’s Billion-Dollar Startups

Inc42 · 1y ago

Unicorn Blueprint: Decoding The DNA Of India’s Billion-Dollar Startups

SUMMARY Achieving unicorn status is a significant milestone for startups, signaling remarkable growth and potential. Indian startups have found success by understanding the local market and its nuances. The Indian government's supportive policies contribute to this thriving startup ecosystem, fostering innovation and growth.

ETtech Deals Digest: Startups raise $261 million in week ending March 7; up 39% on-year

Economic Times

Economic Times · 5m ago

ETtech Deals Digest: Startups raise $261 million in week ending March 7; up 39% on-year

Startups raised approximately $260.9 million between March 1 and 7, reflecting a 39.5% year-over-year increase and a 133.7% rise from the previous week's $111.6 million. The funds were raised through 19 deals, compared to 53 deals last year which amounted to $187 million. Key deals included SaaS unicorn Darwinbox securing $140 million, InsuranceDekho raising $70 million, food-delivery startup Swish obtaining $14 million, MaxIQ garnering $7.8 million, and Beacon.li acquiring $7 million.

InCred turns unicorn after raising $60 Mn

Entrackr

Entrackr · 1y ago

InCred turns unicorn after raising $60 Mn

Fintech firm InCred has become a unicorn after raising $60 million in a Series D round of funding. The Mumbai-based non-banking finance company (NBFC) did not disclose the exact valuation or the names of the investors participating in the round. InCred's operating scale has grown by 77.4% to Rs 865.6 crore during the last fiscal year, and its profits have jumped 3.5 times to Rs 109 crore. This makes InCred the second company to achieve unicorn status in 2023, following Zepto.

ETtech Deals Digest: Startups raise $1.06 billion in May, up 12% on-year

Economic Times

Economic Times · 2m ago

ETtech Deals Digest: Startups raise $1.06 billion in May, up 12% on-year

Startups collectively secured approximately $1.06 billion in funding from May 1 to May 30, showing a 12% increase compared to the same timeframe last year, according to Tracxn data. Notable deals include PB Healthcare Services, which raised $218 million led by General Catalyst, and Porter, which secured $200 million, entering the unicorn club. Additional significant investments were made in Euler Motors, Citykart, and Routematic, marking a dynamic month for startup funding rounds.

From InMobi To Centricity – Indian Startups Raised $227 Mn This Week

Inc42 · 11m ago

From InMobi To Centricity – Indian Startups Raised $227 Mn This Week

Indian startups raised $227.1 Mn across 22 deals, a 34% decline from the previous week. InMobi secured a debt of $100 Mn from Mars Growth Capital, while Moneyview reached unicorn status after raising $4.6 Mn from Accel and Nexus Ventures.

ETtech Deals Digest: Startup funding surges 170% YoY to $238 million this week

Economic Times

Economic Times · 11m ago

ETtech Deals Digest: Startup funding surges 170% YoY to $238 million this week

Startups raised $238.1 million in funding between August 10 and August 16, marking a 169.7% increase compared to the same period last year. The largest funding round was secured by electric scooter maker Ather Energy, which raised $71.5 million and became the country's fourth unicorn startup of the year. Other notable funding rounds included Singapore-based investment platform Syfe raising $27 million and wealth and asset management startup Neo Group raising $47.7 million. Trade finance platform Vayana also secured $20.5 million in funding.

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