It’s raining unicorns in India amid an unprecedented funding spree for Indian startups across sectors. 37 Indian startups have already made it to the unicorn club. Well over $32 Bn has been raised till September this year, with several of the rounds producing Indian unicorns in 2021.
The unicorn story of 2021 is the one with many firsts, as the ecosystem witnessed the entry of the first healthtech, social commerce, epharmacy unicorns. The total count of Indian tech startups that have entered the unicorn club to date stands 79.
At this rate, India will manage to get more than 100 unicorns by 2022, much earlier than the previous estimation of 2023 as suggested by Inc42 Plus reports in the past.
Indian Startups That Entered The Unicorn Club In 2021
Digit Insurance
Bengaluru-based insurtech startup Digit Insurance was the first startup to enter the Indian unicorn club in 2021. The company had raised $18 Mn (INR 135 Cr) from existing investors A(! PArtners, Faering Capital and…