Building a billion-dollar company from scratch is possibly the biggest ambition for most startups world over and the same holds true for India. It represents a huge milestone and one which is marked with the much-prized unicorn tag.
In 2012, InMobi became India’s first unicorn startup and in 2014, two Indian startups including Snapdeal and Ola attained the unicorn status. In 2016, this number increased to ten and 2018 became known as the year of unicorns, with as many as six new startups attaining the coveted status with B2B ecommerce marketplace Udaan becoming the fastest company to do so.
Today, India is home to 36 unicorns, with the world’s third largest base of billion-dollar-plus startups, in terms of number and valuation, as per Inc42 Plus The State of Indian Tech Startup Ecosystem Report 2020. While the pandemic may have come a bump in the road for many of these unicorns, the fact is that many startups were already on the unicorn trajectory and the pandemic served to bring them to the public limelight.
At Inc42, we keep a close tab on these companies and the movements in (and out) of the unicorn club. That’s why, today, we are launching the Indian Unicorn Tracker, a comprehensive and updated guide on the key data points about India’s unicorn startups.
The latest addition to our Inc42 Plus membership programme, it will give you a snapshot view of the unicorns including year launched, founders, headquarters, total funding, current valuation, revenues, board of directors, the latest news links. A single glance at the tracker will also help our members understand the most promising sectors and the leading investors in India’s unicorn pack.
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The idea is to help entrepreneurs, investors and other industry stakeholders grab all the authentic data on the go. The tracker will be updated regularly as we see changes in valuations, funding, cap table and revenue.
Things are expected to start looking up in the next few quarters as businesses come back and with the likes of Pharmeasy-Medlife and Unacademy now in the unicorn club, there’s a certain positivity in the air and we hope that our unicorn tracker chart will help map this optimism.
The tracker is currently available for all our readers as a free preview for a few days!Download Unicorn Tracker Here