India will have over 250 unicorns by 2025: Iron Pillar report
- ByStartupStory | April 19, 2022
India is expected to have more than 250 unicorns or privately held startups with a 1 billion USD valuation or above by the year 2025, according to the latest report from a leading investment fund Iron Pillar. This comes on the back of a record 43 Indian startups entering the unicorn club in 2021, which stood out as a pioneering year, especially for the domestic ecosystem. In 2021, a bunch of tech firms also went public on the Indian bourses.
According to the Iron Pillar report named ‘India Tech Trends,’ the aggregate valuation of Indian unicorns stands at 535 billion USD in 2022.
The fund further stated that the total unicorns in the country have more than doubled to 130 in the last 15 months; this even includes the ones domiciled out of India. India’s startup landscape has also seen close to 100 unicorns being added since January 2019.
“We believe that this pace may reduce a bit in the next 24 months; creating 250 companies with over $1 billion valuations by 2025 is an extremely achievable goal for Indian founders. We are especially bullish since almost 50% of these scaled companies are building for markets beyond India as well,” said Anand Prasanna, managing partner at Iron Pillar, in a statement released on Monday.
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