India will have over 250 unicorns by 2025, says Iron Pillar report

By 2025, India will have around 250 unicorns, according to Iron Pillar, a venture growth investor, who made this prediction based on its unique data analysis in its Tech Unicorns Market Landscape Report IV.

In 2011, InMobi became India's first unicorn. Since then, 129 companies have been added to the list of unicorns, with 100 of them added since January 2019, for a total value of US$ 535 billion. The total number of unicorns in India more than doubled, from 62 to 130, in the last 15 months.

Unicorns built in India included 58 global cloud companies, 59 B2C (business to consumer) companies, and 13 B2B (business to business) companies. When compared to B2C companies, companies producing cloud products for the world from India are incredibly capital efficient, reaching unicorn status with 42% less capital. They also outperform on the number of exits and the value created per unit of capital raised. Global cloud unicorns have fewer financing rounds on average than B2C and B2B unicorns.

Entrepreneurs are growing their businesses at a faster rate, with half of the 130 companies reaching unicorn status within five years of their first institutional funding. The public listing of 12 unicorns is another sign of the Indian IT ecosystem's maturation.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.