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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.
