According to the NASSCOM-Zinnov Report, India will have 200 unicorns by 2025
- ByStartupStory | January 22, 2022
According to research, the Indian startup sector is expected to rise to 200 unicorns by 2025, after raising a record $24.1 billion in funding and 70 unicorns at the end of 2021 amid the epidemic.
The NASSCOM Tech Start-up Report 2021 – Year of the Titans, released on January 21 in collaboration with Zinnov, stated that the ecosystem’s growth in 2021 was so extraordinary that it surpassed the 2025 milestone in 2021.
As a result, the industry group has lowered its forecast for 2025. According to current predictions, India’s startup ecosystem would feature 37,000 tech businesses and 180-200 unicorns, valued at $600-700 billion. The current market value is between $320 and 330 billion dollars.
According to the report, over 2,250 tech start-ups have been formed, bringing the overall number of start-ups to around 26,000 by 2021. In 2021, 42 new unicorns will be added, a 3.5-fold increase over the previous year. Furthermore, total equity investments raised by Indian start-ups in 2021 were 2X higher than those raised in 2020.
When it came to average fundraising deals, there was a threefold increase, surpassing $100 million. With over 2400 active Angel investors, this displays investor confidence and a willingness to take considerable risks. While the United States continues to be the primary source of foreign direct investment in start-ups, worldwide participation is increasing. According to the research, at least one India-domiciled investor was involved in 50% of the agreements.
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