Private Capital
India to hit 150 unicorns by 2025: Report
17 Jun 2021
India could add 95 new technology companies to its unicorn club by 2025, bringing the total number to 150, thanks to ultra-high-net-worth individuals investing about $30 billion in them, a report by 256 Network and Praxis Global Alliance, entitled ‘Turning Ideas into Gold’ stated.
Around 190 soonicorns are expected to turn unicorns by 2025, and over 250 private tech companies — with valuations over $100 million — could chart a path to their public listing, the research report further stated.
By 2024, India could see around 10,000 UHNI, including business leaders, celebrities, NRIs, and digital entrepreneurs, with a net wealth of $70 billion, the report added. UHNIs and HNIs form a considerable percentage of investors in the Indian startup space today, and most of them make these investments via Family Offices that function as full-service private wealth management endeavours.
"Technology investments have emerged as a lucrative alternate asset class to traditional investments like equity, debt, commodities, and real estate. However, it is difficult to get exposure to high growth portfolios, which use technology to solve real challenges and build large companies in a relatively short period of time," Kris Gopalakrishnan, Co-founder, Infosys, and Promoter of Pratithi Family Office, said in the press release announcing the research report.