1947 Tech 🇮🇳: 168
Booming Indian tech ecosystem!
1. India becomes the world’s third largest startup ecosystem, follows USA, china
Number of Unicorns in USA and China is at 396 and 277 respectively while India follows at number three with 51 unicorns. UK is number 4 position with 32 unicorns and Germany at 5th spot with 18.
The Hurun Research Institute today released the Hurun India Future Unicorn List 2021, a ranking of India’s start-ups founded in the 2000s, worth at least US$200mn, not yet listed on a public exchange and most likely to ‘go unicorn’ within 2 years (Gazelles) or 4 years (Cheetahs). As per the report, India is the third largest Unicorn ecosystem in the world after US and China.
2. Startup dreams take wing as India sees one seed round a day
The unprecedented rush of risk capital has led to more than 240 seed rounds with total disclosed investments of $284 million so far in 2021, according to data from specialist staffing firm Xpheno, shared exclusively with ET.
Worth your attention:
Prosus makes $4.7 billion bet on online payments in India Link
Indian crypto exchange CoinSwitch Kuber in talks to raise funds at unicorn valuation Link
Lee Fixel’s Addition puts $76 million in IPO-bound Delhivery Link
Dream11 in talks to raise over $400 Mn at $8.5 Bn valuation Link
Apna in talks to raise fresh round at over $1 Bn valuation Link
Razorpay looks to raise up to $250 mn, eyes $4 bn valuation Link
Teachmint in talks to raise fresh funds at over $500 Mn valuation Link
Sugar.fit to raise $10 mn in seed funding Link
AppsForBharat raises $10 mn in series A led by Elevation Capital Link
Bikayi raises $10.8 million in Series-A funding led by Sequoia Capital India Link