Home / Companies / Start Ups / India's unicorn tally touches 50, MindTickle the latest entrant

India's unicorn tally touches 50, MindTickle the latest entrant

Industry experts have been saying that the Indian unicorn list is expected to only rise as fund houses with access to liquidity are looking at avenues for investment.

investment, investors, foreign investments, FPI, fdi, emergin markets, funding, tech, economy, gdp, aif, alternative investment fund, capital, startups, tech, savings, money, cash, shares, funds, equity

Premium

Illustration by Binay Sinha

Shivani Shinde Samreen Ahmad Mumbai/Bengaluru

3 min read Last Updated : Jun 22 2021 | 12:34 PM IST

With 16 start-ups gaining unicorn status in 2021, India’s tally has touched the 50 mark.

The newest entrants to this list include Pune-based MindTickle, which is close to finalising a $100-million funding round from Softbank’s Vision Fund 2, taking the company’s valuation to $1.1 billion.

Last year, Softbank had invested $100 million in the company at a valuation of $500 million.

“MindTickle was looking to raise funds and Softbank did not want to let go of the chance and, hence, they are reinvesting in them,” said a source close to the development. When contacted, a Softbank spokesperson declined to comment.

Topics : unicorn companies startups in India SoftBank MindTickle

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in