Apr 25 2021, 2:25 PM
April 25 2021, 2:25 PM
April 25 2021, 2:25 PM
India is minting startup unicorns at a record pace in 2021. And many more could be on the way to the billion-dollar-mark before the year wraps up.There are at least 35 startups with the potential to reach a billion-dollar valuation in the near future, according to consulting and business research firm Praxis Global Alliance. Out of these 35 shortlisted firms, or âSoonicornsâ as Praxis calls them, up to five could turn unicorns within.
India is minting startup unicorns at a record pace in 2021. And many more could be on the way to the billion-dollar-mark before the year wraps up.
India is trying to create its own Nasdaq as whole host of startups get ready for IPO businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.
Startups see 37% more first-time global backers indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The year 2020 recorded venture capital and private equity investments worth $41 billion across 831 deals. The surge in deal value was primarily supported by telecom and retail segments with Reliance Jio and Reliance Retail alone receiving $16 billion VC and PE investment, according to a new report by Praxis Global Alliance, a global management consulting and advisory firm. 2020 has been a historical one with Covid impacting all geographies and industries. However, despite the pandemic, the Indian growth story remains strong. India is expected to be the third-largest economy by 2030 with a GDP (gross domestic product) of $7 trillion in 2030, said the report. It has seen robust activity both in public and private markets.