44 Indian Unicorns in 2021. How ??
💥 Learning Venture Capital & Startup Concept Series (Part 4) ⬇️⬇️
Super helpful to all the current & future Entrepreneurs + Finance/ Startup Enthusiasts !! 😀
Are you also shocked to observe 44 unicorns in India in 2021 vs 11 in 2020 & 7 in 2019 😱 !!
Which factors enabled India to such a transformation change?
📌 India saw VC funding of around $38.5B in 2021 with several key highlights:
1- Investments in India grew 3.8x over 2020, faster than China’s (1.3x).
2- 44 unicorns were minted in India, exceeding China’s 42 unicorns.
3- Shift in the shape of deal flow seen as global VCs led 90+ mega-rounds of $100M+ (vs. ~20 in 2020).
📌 Following factors have enabled India to see tremendous startup and venture capital growth --
1- Maturing digital infrastructure (Unified Payment Interface [UPI]-led payment rails):
India developed one of the best digital infrastructures (frictionless payment systems) in the world.
2- Cheap and ubiquitous data access -
It happened due to the entry of Jio into the Indian market. The cost of 1 GB in India decreased from Rs 225 in 2015 to Rs 7 in 2021.
3- Aadhar electronic Know Your Customer [eKYC]):
It played a crucial role in Identity verification for different consumers for the startups.
4- Increasing depth in the start-up ecosystem:
More and more professionals and college students are trying to build their own startups.
5- Improved Investor confidence:
As long-held capital saw significant public and secondary exits, and a positive macroeconomic outlook for India.
6- China+1 factor:
As Chinese regulators tightened control over the local tech economy (fintech and edtech), capital deployment saw redirection to India.
Do comment below 👇 your thoughts related to the Indian Startup Ecosystem and Venture Capital Industry.

Comments