Iron Pillar Report: Indian Unicorns Will Extend Over 250 by 2025

By 2025, India will have around 250 unicorns. Iron Pillar, a venture growth investor, made this forecast 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 startups have been added to the list of stars, with 100 added in January 2019, for a total worth of $535 billion.

Entrepreneurs are growing their businesses at a quicker rate, with 50 percent of the 130 firms achieving unicorn status within five years of their original institutional funding. 

According to the study “Iron Pillar’s Managing Partner, Anand Prasanna”, “the overall number of unicorns developed in India has more than quadrupled in the previous 15 months, from 62 to 130”. “While we expect this rate to fall over the following 24 months, developing 250 enterprises worth more than $1 billion by 2025 is a very attainable target for Indian entrepreneurs.”

There were 58 worldwide cloud firms, 59 B2C (business to consumer) companies, and 13 B2B (business to business) enterprises founded in India. A growing number of Indian software entrepreneurs are establishing their headquarters in the United States to serve global markets. When compared to B2C firms, companies producing cloud goods for the globe from India are incredibly capital efficient, attaining unicorn status with 42 percent less money. They also outperform on the number of exits and the value produced per unit of capital raised. Global cloud unicorns have more periodic financing rounds on average than B2C and B2B unicorns.

According to CB Insights’ March 2022 report on unicorns, India has overtaken the United States and China as the world’s third-largest tech market. In the year 2021, Indian IT firms received $42 billion in investment.