For many startups and founders, achieving unicorn status validates remarkable growth, market dominance and future potential
A key factor in the success of Indian startups is their profound grasp of localisation and the nuances of the Indian market
Supportive government policies further bolster this ecosystem, fostering innovation and providing a conducive environment for startups to thrive
In 2011, InMobi did something unprecedented in Indian business history by achieving unicorn status, reaching a valuation of over a billion dollars. This inspiring story of a homegrown startup highlighted the growth potential within India’s startup ecosystem.
Since then, many other Indian startups, such as Flipkart, MuSigma, Ola and Paytm, have followed suit. As of July 2024, India proudly hosts 115 unicorns (according to Inc42 data), indicating a thriving entrepreneurial ecosystem. They possess a unique blend of innovation, market insight and strategic growth plans.