The Indian startup economy crossed a major milestone as it added the 100th Indian startup to the unicorn club in 2022 Over the years, these unicorns have raised over $100 Bn in funding and have a combined valuation of $350 Bn Check out the complete list of all 114 Indian unicorns, along with their business, journey, founders and more In 2013, venture capitalist Aileen Lee floated the term ‘unicorn’ for private companies or startups to indicate the rarity of startups with a valuation of over $1 Bn. A decade later, unicorns in India are no longer rare! In May 2022, India became home to 100 unicorns, when neobanking startup Open raised $50 Mn to claim the position of India’s 100th unicorn . India achieved the milestone shortly after a wild funding year which saw Indian startups raising $42 Bn across 1,583 deals in 2021 and minting 45 unicorns in the process.
India ended 2021 with 87 unicorn startups, and at a striking distance from scoring a century of unicorns, according to Inc42’s unicorn tracker . The march continued in 2022, as India added 20 more unicorns to the club. From producing its first unicorn in the form of InMobi in 2011 to hitting the century of unicorns in India by 2022, it has been a long and eventful journey for the Indian startup ecosystem.
The country is witnessing an unprecedented surge in VC investment and tech entrepreneurship, and the Startup India initiative has played an important role in it. Since its inception in 2015, a slew of policies , FoF.