Business Standard

Unicorns have created $106-bn value for startup ecosystem in 10 yrs: Report

Having created over 1.4 million jobs annually, Indian startups have taken eight years on an average to hit the unicorn milestone

startups, unicorn, start-ups
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Samreen Ahmad Bengaluru
A decade since India saw the creation of its first unicorn, the 44 startups that have reached this milestone have created $106 billion in value for the Indian ecosystem. Having created over 1.4 million jobs annually, Indian startups have taken eight years on an average to hit the unicorn milestone, according to a report by early-stage VC fund Orios Venture Partners.

The trend that is noticeable here is that time has been reducing, as founders with prior founding or startup experience are coming into play. Startups like Naukri.com and MakeMyTrip, which had been founded before 2005, have taken over 14

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First Published: Feb 23 2021 | 12:30 PM IST

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