US$ 42 bn raised by Indian startups in ’21

India with 90 unicorns is the third-largest unicorn hub behind the US (487), China (301), and ahead of the UK (39). With about 6000 startups it has third largest startup ecosystem. India saw a tremendous growth in number of startups alone in 2021, 46 new Unicorns with US$ 1 billion worth was added, thereby more than doubling the total to number to 90. The major Unicorns added are ShareChat, Cred, Meesho, Nazara, Moglix, MPL, Grofers (now Blinkit), upGrad, Mamaearth, GlobalBees, Acko, Spinny and others.
According to the ‘The Indian Tech Unicorn Report 2021’ by by Orios Venture Partners, Indian startups have raised US$ 42 billion in FY21.This is a significant increase than previous year as in FY20 US$ 11.5 billion was raised. “These startups are not only developing innovative solutions and technologies but are generating large-scale employment. Today, one out of 13 unicorns globally was born in India,” report said.