2021 wrapped: Unicorn Startup edition
2021 saw a staggering 42 startups acquiring the Unicorn status ($1 billion valuation). This number is more than the previous three years combined.
India has surpassed UK in terms of the number of unicorn startups. Bengaluru is now the 7th biggest unicorn hub in the world.
Businesses across different fields such as FinTech, SaaS, Ecommerce and EdTech have secured significant investments.
Indian fintech companies raised $10.6 billion in 2021 compared to the $4.3 billion in 2020, according to the data from Dolat Capital.
Eight fintech companies joined the unicorn list along with E-shopping companies like
Acko Insurance, led by Ruchi Deepak, became the first woman-led startup to join the unicorn club.
Despite of the uncertainty around cryptocurrencies in India, CoinDCX & CoinSwitch achieved the unicorn status.