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85 Unicorns - Booming Tech Start-up Ecosystem
85 Unicorns - Booming Tech Start-up Ecosystem

May 27, 2022

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85 Unicorns - Booming Tech Start-up Ecosystem

Unicorn rise in 2022 is not a surprise and it continue to create many new records. Tech start-up ecosystem is scaling not only in numbers but it is also getting diverse. Newer verticals are coming up and getting attention while legacy verticals continue to scale. The unicorn number has increased to 85 now and the growing rate is expected to continue for a while. The global hiccups are unable to dent the momentum in the first half of 2022.

So how is 85 unicorn ecosystem looks like:

  1. Year of Inception: 81% unicorns are incorporated in last 11 years (2010 and onwards) out of which more than 50% are incorporated from 2015 onwards
  • Younger tech start-up are turning unicorn driven by faster adoption of new business models by customers

 

  1.  Verticals: 50% of the unicorns belong to BFSI, Enterprise Tech and RetailTech; atleast 1 unicorn in 19 different verticals
  • Newer verticals like Gaming, HR Tech, Media are getting traction

 

  1. B2B / B2C: 60% of B2C turned unicorn in 6 or less number of years while ~55% of B2B turned unicorn in same time
  • More than 75% of 2022 unicorns are B2B

 

  1. Location: more than 80% unicorns belong to 3 metro cities: Bengaluru, Delhi NCR and Mumbai
  • More unicorns emerging from Pune, Jaipur, Chennai, Hyderabad

 

  1. Time to unicorn: >80% of the tech start-up turned unicorns in less than 10 years from its inception, >40% turned unicorn in less than 5 years
  • More than 1/3rd of the 2022 unicorns turned unicorn in 5 or less number of years

Dynamic in the tech start-up unicorn ecosystem is rapidly changing. Thanks to the diversification that is happening among verticals – SaaS, Gaming, HR Tech and more.

Note:- Unicorns are privately held entities with a valuation of over $ 1 Bn and analysis is done for all unicorns irrespective of their founded year, total does not include unicorns that have raised an IPO, are acquired, devalued or shutdown.

 

Chart, treemap chart

Description automatically generated

 

List of 85 Unicorns

Glance

InMobi

Tekion

Cars24

Ola Electric

Spinny

Droom

CarDekho

Razorpay

OfBusiness

CRED

FalconX

Digit

Upstox

Highradius

Groww

Pine Labs

BharatPe

Zerodha

Coinswitch Kuber

Zeta

CoinDCX

Acko

Slice

MobiQwik

BYJU'S

Unacademy

Eruditus

Upgrad

Vedantu

Postman

BrowserStack

Icertis

Druva

Mu Sigma

Chargebee

Gupshup

Mindtickle

Cure.fit

Zenoti

Swiggy

Rebel Foods

Licious

Dream11

Mobile Premier League

Pharmeasy

Innovaccer

Pristyn Care

Apna

Zetwerk

Dailyhunt

Ola

Urban Company

Infra.market

NoBroker

Meesho

Udaan

Paytm Mall

Lenskart

Snapdeal

FirstCry

My Glam

Mamaearth

Grofers

Moglix

Rivigo

Blackbuck

Sharechat

OYO

Open

Games 24*7

Oxyzo

CommerceIQ

Amagi Media Labs

CredAvenue

Hasura

Uniphore Software Systems

XpressBees Logistics

LivSpace

Elastic Run

Polygon

DealShare

Darwin Box

Lead School

Fractal

 


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