2021 has been a great year for India despite the critical spread of COVID in the country. They now have 42 new unicorns (companies valued at $1 billion+), surpassing the United Kingdom and are now sitting in 3rd place after the United States and China.

Top Unicorns

The highest number of unicorns came from the fintech sector followed by enterprise tech, edtech, and cryptocrurrency. In fact, this year, the Indian fintech unicorns alone raised more than $10.6B in funds which is a portion of the $38.4B in total funds raised.

You might have already heard about some of these Indian unicorns before because they have built their name internationally including:

• Zomato - online food delivery and restaurant reviews
• Nykaa - e-commerce website for beauty and cosmetic products
• Flipkart - e-commerce company

These are the most valuable unicorns:

• Byju (edtech) at $21B valuation
• InMobi (adtech) at $12B valuation
• OYO Rooms (shared) at $9.5B valuation

India's Startups and Other Unicorns

India is also the home to more than 38,000 startups with 81 of them already added to the list of unicorns. The leading firms making investments are Tiger Global, Soft Bank and Alpha Wave Global and they show no signs of stopping in 2022.

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Sources:

• India beats UK, creates third-highest number of unicorns in 2021
• Indian Startups Are Becoming Unicorn One Year Faster In 2021
• The year of Indian unicorns
• All is Well In 2021: 42 Unicorns, $32.8 Billion Funds, Euphoria!