The year 2021 is said to go down in history as the year of startup companies in India. Mr. Piyush Goyal mentioned in his address, at the Startup India Innovation Week inaugural ceremony that, we have around 82 unicorn startups in India. 43 of these startup companies in India were created and scaled past the $1 billion valuation mark within the last year. On average, that meant, the addition of one unicorn startup every 10 days in the year 2021. This trend has baffled and left everyone from investors to venture capitalists to other national and international stakeholders excited and eagerly anticipating what’s to come next in terms of investments in 2022.
The startup ecosystem in India is globally the third largest at the moment, with unicorns cumulatively valued at $168 billion, and this trend has no intention of slowing down. The D2C startup ‘Mamaearth’ is closing its recent funding round at $1.2 billion, making it the first unicorn of 2022. A minimum of five more startup companies in India are queued up to go public in the first half of this year. These unicorns have emerged from a broad range of sectors such as e-commerce, SaaS, B2B markets, EdTech and HealthTech, and consumer-driven products and services.