- Indian Startups have raised $63 billion (Rs 4.4 lakh crore) since 2016
- Tech-enabled startups have dominated in the early-stage funding rounds, according to the data collected by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance.
Report: Indian startups have raised more than Rs 4.4 lakh crore ($63 Billion) in growth capital in the last four years.
According to the data collected by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance, Indian tech startups were successful to grow and have dominated in continuing to drive investors’ interest in investing in the Indian startups’ ecosystem.
India is one of the largest startup ecosystems in the world and will continue to grow to the top position. According to the reports, Indian startups have raised $34 billion (Rs 2.5 lakh crore) in 2019 alone — half of the total amount—and continue to raise during the COVID-19 time.
Reports said Indian tech startups are booming around the world, contributing to the Indian startup ecosystem.
“The domestic startup ecosystem is primed for a renewed phase of growth. Ecommerce and tech startups have shown resilience during the pandemic, fundamentally altering their unit economics to become more sustainable,” said, Madhur Singhal, MD, Praxis Global Alliance.
As the startups are continuing to grow in the market, investors are more interested to invest in the early and growth-stage startups, leading to an increase in numbers of unicorns, and mini corn.
Here is the list of the Indian startups who turned to unicorn after 2016:
- Ola Electric
- Paytm Mall
- Oyo Rooms
- Pine Labs
- Citius Tech
- Druva Software
Furthermore, Startups like Paytm ($16 billion), OYO Rooms ($8 billion), BYJU’s ($8 billion), Ola ($6 billion), Swiggy ($3.5 billion), Zerodha ($3 billion), BigBasket ($2.5 billion), Udaan ($2.5 billion), Renew Power ($3 billion), Zomato ($3.5 billion), and Paytm Mall ($3 billion) are the top unicorn startups in the Indian startup ecosystem.
According to the Hurun India Unicorn Index, India is the fourth biggest in terms of unicorns, with the 10 unicorn startups collectively valued at $59 billion (Rs 4.3 lakh crore).