Not even four months into 2021, India has already seen nine new unicorns - Digit Insurance, Innovaccer, Infra.Market, Meesho, CRED, Pharmeasy, Groww, Sharechat and Gupshup Startups founded a decade ago are only now entering the unicorn club, but those founded after 2015 have got there in half the time A huge spike in mega rounds is producing unicorns at a fast clip in India; seven out of the nine startups that turned unicorn in 2021 were founded between 2015 and 2018 Not even four months into 2021 and India has already seen nine startups entering the unicorn club.
Inc42 MediaNEW DELHI: Messaging platform Gupshup on Thursday joined a long line of start-ups that have managed to join the unicorn club (where valuations are above $1 billion) this year. A statement confirmed that it has raised $100 million (around Rs 746.6 crore) in funding from Tiger Global Management that values the company at $1.4 billion.
The New Indian ExpressFrom the eye of the Tiger to the roar of the Tiger, the recent investment pugmarks of Tiger Global has made startups into unicorns at a pace never seen before in the Indian startup ecosystem. The New York-based hedge fund helped make six unicorns in India in the past 100 days.
EntrackrHome-grown social media app ShareChat entered the growing and mythical 'unicorn' family of Indian startups, after it raised $502 million in a Series E funding round, led by venture firms Tiger Global and LightSpeed Ventures. This round put its valuation at $2.1 billion, thus marking its entry into the bigger league of global social media players.
The Tech PortalAttainingstatus is a milestone in the journey of every startup that is heading towards success. The companies strive really hard to raise funds and to escalate its valuation to over $1 billion. However, this unicorn vogue has spread across the Indian startup ecosystem, which indeed is encouraging budding entrepreneurs to dream big.
Startup funding in India has been on a tear in 2021. The first hundred days of the year have already produced ten unicorns- firms valued at over a billion dollars or more- compared to 11 in all of 2020.
SAN FRANCISCO, April 8, 2021 /PRNewswire/ -- Innovaccer, Inc., a leading San Francisco-based healthcare technology company, was recently mentioned by Gartner in their report titled, " U.S. Healthcare Payer CIOs: Achieve Provider Engagement Through Data, Analytics and CRM."
The US has a notoriously complicated healthcare system, often plagued with high cost, poor quality of care and a lack of competitive environment that does not make healthcare cheaper for consumers. But think of a different use case where data-driven risk score analyses and predictions can help with targeted treatment and thus bring down overall healthcare costs.
Inc42 MediaTiger Global, which entered the Indian market back in 2005, has invested in a total of 21 unicorns, almost half of the billion-dollar startups that the country is home to. Further, of the total 10 startups crowned unicorn in 2021, Tiger Global continued to be the lead investor in five
New Delhi, Apr 8 (IANS): Adding another unicorn to the Indian growth story, enterprise messaging platform GupShup on Thursday said it has raised $100 million from Tiger Global at a valuation of $1.4 billion. San Francisco-based Gupshup, which has main operations in India, the US and the UK, joins Indian startups like .....
Daijiworld.comIndian companies are on fire, seemingly and on to the route to joining the league of companies with 'Unicorn' status, this even as the economy plummets yet again amid rising fears of Covid -19 resurge. "Unicorn" is a term used in the venture capital industry to represent a privately held startup company with a value of over $1 billion.
PharmEasy is the seventh unicorn of 2021 after Infra.Market, Five Star Finance, Meesho, Digit Insurance, Innovaccer, and Cred hit the milestone earlier this year. The healthtech sector witnessed its major consolidation last year when Reliance acquired digital pharmacy Netmeds in August.
The Financial ExpressBENGALURU: It's raining unicorns, a moniker for startups valued at $ 1 billion or more, in India's internet economy. Groww, an online investment platform, has become the eighth startup to have entered the unicorn club this year, so far, attaining a valuation of little over $1 billion.
Cred, the Bangalore-based fintech and ecommerce startup which facilitates credit card premium repayments and redemption of accrued reward points, has now entered the exclusive unicorn club, which includes firms that have reached a billion-dollar valuation.
Trak.inPandemics and lockdowns stimulate India's start-ups. India added 7,000 new start-ups in 2020, making it one of the top five countries for birthing new businesses, according to a report from the Indian Venture Capital Association and Bain & Co. Twelve new firms soared over $1 billion in valuation during the Covid-19 period.
Global FinanceNEW DELHI: Bengaluru-based fintech start-up CRED has raised $215 million in its Series D funding round at a post-money valuation of $2.2 billion. With this, the Kunal Shah-founded firm has now become the sixth firm to enter the coveted unicorn club in 2021.
The New Indian ExpressCred, a fintech platform, has reportedly bagged $215 million in a Series D funding round, resulting in its total valuation of $2.2 billion. This funding round was led by Coatue and Falcon Edge Capital, along with participation from other existing and new investors.
AlgosOnlineBengaluru-based fintech platform CRED has completed Series D funding round after raising $215 million for a post-money valuation of $2.2 billion. With this latest capital infusion, the Kunal Shah-founded startup has now become the sixth firm to enter India's coveted unicorn club in 2021.
Plunge DailyAnd the countdown begins... especially if you've heard and have been tracking the projections for the number of unicorns that will emerge from the Indian startup ecosystem. Only four months into 2021, the Indian startup ecosystem has already added six new companies to the coveted $1 billion valuation club.
Fintech platform Cred has raised $215 million in its Series D round of funding for a post-money valuation of $2.2 billion, making it India's newest unicorn, two and a half years after it was founded. The round was led by new investor Falcon Edge Capital and existing investor Coatue, with other existing and new investors also participating in the round.
