Seven new unicorns added in first eight months of 2019, 50 more waiting

Nasscom annual start-up report also says that more number or early and mid-stage firms are now raising funds as compared to earlier time

While India expanded its base of unicorn start-ups by seven to reach 24 in the first eight months of 2019, there are at least 50 potential ones waiting for their turn in coming years, industry body Nasscom said in its annual report on start-up ecosystem. These includes companies such as GreyOrange, Pine Labs, Practo, BlackBuck, Lendingkart and Grofers.

The list of these potential unicorns which raised cumulative funding over $50 million, stood 15 during the same period last year. In the start-up parlance, unicorn start-ups are those which have achieved a valuation of $1 billion and more.

Releasing the report,