Private Capital
45-odd Indian start-ups hold promise of entering unicorn club this year
14 Jan 2022
India’s unicorn run is far
from losing stream. The country, which added over 40 unicorns to its growing
kitty in 2021, is looking at another 45 or so start-ups that have the potential
to achieve $1-billion-plus valuation (the threshold to be called unicorn) in
the near future.
This
is according to a report by business research and market intelligence firm PGA
Labs, a unit of consulting firm Praxis Global Alliance. The firm comes out with
a quarterly report on India’s “soonicorn” — soon-to-be-unicorn — landscape.
This is the fourth edition of its
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