When Aileen Lee, founder of Cowboy Ventures, in 2013, coined the term ‘unicorn’ for startups with valuations over $1 Bn, India had only two of them — Makemytrip and Inmobi. But things have changed quite a bit in 2019.
While in 2018, 10 startups entered the coveted club, 2019 witnessed the journey of seven startups claiming the tag of a unicorn. Moreover, five out of these seven startups, which joined the unicorn club, were B2B.
This year also witnessed the addition of two unicorns from Pune. The list of surprise unicorns for the year includes cloud data protection firm Druva, ride-hailing company Ola’s electric vehicle arm Ola Electric, and enterprise SaaS company Icertis. These three are an interesting addition to the list primarily because they differ so much in their journeys.
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