In 2020, 52 new Indian startups become Unicorn
Indian unicorn startup club: 52 new startups ready to join the club
In a report, published by the software industry body Nasscom, 50 Indian startups got funding of over $50 million in 2019. These 50 startups have the potential to join the club of Indian Unicorn Startups in the coming years.
The trend of joining Unicorn startups is from 15 unicorn startups in 2018, but these figures are 52 at the end of 2019.
The Indian startup ecosystem is the third largest ecosystem in the world after the USA and China. In the year 2019, 1300 new startups registered in India.
The number of Unicorn startups in India becomes more than 100 by 2025, prediction by the Nasscom president Debjani Ghosh. Many sectors have the potential for startups to grow their business opportunity in India. The present government is also focusing on technology development and providing many reliefs to the Indian startup ecosystem.
Top Indian startups which become UNICORN STARTUP IN 2019
The report mentioned that 71% of Unicorn startups join the club in 2019 are business-to-business (B2B) focused.
Software and robotics platform GreyOrange, card processing company Pine Labs, online car marketplace CarDekho, online grocer Grofers, fintech start-up LendingKart, online truck aggregator Blackbuck are Indian startups have the potential to join the Indian Unicorn club in the coming years.
The Indian startups join the Unicorn club in 2019 includes a logistics startup Delhivery; a cloud-based enterprise contract management, Icertis; a gaming startup Dream11, cloud data protection, and management startup Druva, Ola Electric, and a logistics firm Rivigo.
The Nascom reports that now figures of Indian startups grow to more than 9000 in 2019. The Indian consumer market is the second-largest market in the world and it has huge potential for entrepreneurs to grow their business with the new innovative technology and ideas.
The Indian government also targeting to grow the Indian economy to 5 trillion by 2025, and Indian startups are more likely are beneficial to the economy boost-up.
B2B solution provider gaining the momentum
Indian business firms are now concentrating on the technology up-gradation and startups providing B2B solutions are more likely to be successful in the coming years. This year’s 71% unicorn startup belongs to B2B is suggesting the trend.