Indian start-ups take five years to scale from zero to US$ 100 million revenue: Report
- IBEF
- January 6, 2023
As per a report by Redseer Strategy Consultants, Indian start-ups now take around five years’ time to scale from zero to US$ 100 million in revenue. It was also reported that earlier it took 18 years in 2000 to reach US$ 100 million in revenue, which has now decreased to five years.
As of 2022, there are around 100 unicorns and 170 soonicorns in India, out of which 40+ start-ups are in FinTech, eCommerce, and logistics, which have crossed over US$ 100 million in revenue. Venture Capitalists (VCs) have invested about US$ 143 billion over the last 15 years (CY08 to CY22) in the start-up ecosystem, which is currently valued at US$ 804 billion.
India has about 12,000 start-ups ranging in revenue classification from Emerging (less than US$ 10 million), Growth Stage (US$ 10 – US$ 100 million) to large (US$ 100 million to more than US$ 1 billion). Of these, 95% belong to the emerging category, 3-4% are in the growth stage, and less than 0.5% of companies are large.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
