India Could Add 95 Companies To Unicorn Club By 2025, Bringing Total Number To 150, Report
- ByStartupStory | June 18, 2021
India could add 95 companies to Unicorn Club, bringing the total number to 150, with ultra-high-net-worth individuals investing about $30 billion in them, a report by 256 Network and Praxis Global Alliance, entitled ‘Turning Ideas into Gold’ stated. Around 190 soonicorns are expected to turn unicorns by 2025, the research report further stated, By 2024, India could see around 10,000 UHNI, including business leaders, celebrities, NRIs, and digital entrepreneurs, with a net wealth of $70 billion, the report added. UHNIs and HNIs form a considerable percentage of investors in the Indian startup space today, and most of them make these investments via Family Offices that function as full-service private wealth management endeavours.
Further, Kris Gopalakrishnan, Co-founder, Infosys, and Promoter of Pratithi Family Office, said in the press release regarding the research report, “Technology investments have emerged as a lucrative alternate asset class to traditional investments like equity, debt, commodities, and real estate. However, it is difficult to get exposure to high growth portfolios, which use technology to solve real challenges and build large companies in a relatively short period of time.”
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