This article is an extract from Inc42’s recently released Annual Indian Tech Startup Funding Report 2017 which provides a meticulously detailed analysis of the funding trends, potential tech startups to enter the unicorn club in the Indian startup landscape, and Merger & Acquisitions (M&As) in the Indian startup ecosystem for the period 2014-2017. To read more articles of this report, click here.
Update 1, April 7, 2018, 16:15
- As predicted earlier by Inc42 DataLabs in its Indian tech startup funding report 2017, recently edtech startup BYJU’S joined the unicorn club.
- Paytm Mall, after raking in $445 Mn from Softbank and Alibaba, finally announced its unicorn status, at a speculated valuation of $2 Bn.
The Indian unicorn club, which currently has handful startups (12 to be exact), is expected to expand on a massive rate to add at least 34 new tech startups under its wings by 2020, reveals Inc42’s annual Indian tech startup funding report 2017.
As per the report, India is currently breeding over 100 such tech startups which are expected to smoothly sail into the billion-dollar club. With a bird’s eye view of the Indian startup ecosystem, Inc42 Datalabs team has further shortlisted 34 Indian tech startups that have a high chance of becoming a unicorn by 2020.
Out of the total 34 startups, nine startups fall into the ecommerce category, followed by logistics which has six potential unicorns under its head. Then comes fintech and enterprise tech, which has five soon-to-unicorns each.