In this session, Shubhendra Chouhan teaches about the India’s 100 Unicorn Startups | What does it mean for valuations in the startups? | What is Unicorn

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#India’s100UnicornStartups
#UPSC​ #PathFinder​ #IAS #CurrentAffairs

Google-backed Neobanking startup Open has entered the coveted unicorn club ie a valuation of more than $1bn. Open is the first unicorn to be minted after March. It is now the 100th unicorn from India, the 16th in 2022, and the first ever from Kerala. Seven months ago, Open had announced its series C funding at a $500mn valuation.

How did Open enter the unicorn club when investors worldwide are falling out of love with tech? How long did it take to close the round? What will it do with this money? Here is ET Now’s Nayantara Rai interview with Open co-founder & CEO Anish Achuthan
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There were many high moments in the Indian startup ecosystem in 2021. Nine tech startups got listed on the public market, whereas four became unicorns monthly on an average. A unicorn, in startup jargon, is a company valued at or over $1 billion. These startups who are going to be unicorns in the near future are termed Soonicorns.

In this video, we are listing down 26 Indian startups that are possibly going to be unicorns in 2022.

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Host & Edited by:
Tohidur Rohoman
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This year has witnessed a breakout for India’s startups. Companies going public in 2021 have raised record cash. But they also face unique challenges to grow even bigger.

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