‘Indian startups raised USD 42 bn in 2021’
Indian startups have raised USD 42 billion in 2021, up from USD 11.5 billion in the previous year, a report by Orios Venture Partners said.
The report titled ‘The Indian Tech Unicorn Report 2021’ said India saw 46 unicorns (companies with USD 1 billion valuations) in 2021 alone, more than doubling the total number of unicorns to 90.
These include ShareChat, Cred, Meesho, Nazara, Moglix, MPL, Grofers (now Blinkit), upGrad, Mamaearth, GlobalBees, Acko, Spinny and others.
India – with 90 unicorns – is the third-largest unicorn hub behind the US (487) and China (301), and ahead of the UK (39).
India has the third-largest startup ecosystem in the world with about 60,000 startups.
“These startups are not only developing innovative solutions and technologies but are generating large-scale employment. Today, one out of 13 unicorns globally was born in India,” it said.