“India is in the midst of a start-up boom, more than doubling its unicorns to take the country’s official tally of unicorns to 54," said Anas Rahman Junaid, MD and Chief Researcher at Hurun India.
Addressing the nation through the 83rd episode of his Mann Ki Baat radio programme, the Prime Minister also mentioned that there are more than 70 Unicorn start-ups in the nation.
With this investment, Rebel Foods has become the third unicorn to enter the coveted unicorn club after CoinSwitch Kuber and Licious in just three days.
After foodtech major Zomato's Rs 9,375-crore IPO in August, nearly a dozen digital companies are likely to raise money from the markets in the next 6-8 months.