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Arcane
Hey, I'm on Medial • 9m
As per a survey by Private Circle Research, 60% of the Indian founders built a unicorn in their very 1st attempt !!! 29% of the founders did this in two attempts. Also, after their first unicorn, the same founder takes a median of 1.5 years to turn their second startup into another unicorn. This is quite impressive honestly. In the sector wise analysis, it was found- 🔹Web3 startups: 3 years (fastest unicorns), 🔹Deeptech, Traveltech, and SaaS : 10-11.5 years (the longest time) 🔹Ecommerce, Edtech, Fintech, and Healthtech startups: 6-6.5 years of median time to become unicorns. Another surprise is how fast Indian startups are reaching Unicorn status in the recent years. For startups founded after 2020, it now takes just 1 year on average, compared to 26 years for startups before 2000. Interesting, right?
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