Page 10 - Unicorn Companies
India will rival US in churning out internet tech cos: Rise Capital founder
In a Q&A, Nazar Yasin dwells why he left Tiger Global, and how Rise Capital stood out from the crowd with its focus on emerging markets and Indian regulatory changes
 "India will rival US in churning out internet tech cos: Rise Capital founder")
Byju's in talks to raise up to $700 mn, valuation may cross $15 bn
The funding is expected to help Byju's to fund its acquisitions, including the up to $700 million deal to buy Aakash Educational Services, according to sources
 "Byju's in talks to raise up to $700 mn, valuation may cross $15 bn")
Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others
While the move does not put Ather Energy in the unicorn club, it definitely brings it within striking distance
 "Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others")
Explained: Why India is adding unicorns at a slower pace than 2021
According to a recent survey by Iron Pillar Funds, India is set to have 250 unicorns by 2025
 "Explained: Why India is adding unicorns at a slower pace than 2021")
MPL launches Mayhem Studios to step up development of mobile games
The studio will have a team of professionals in the area of animation, art, cinematics, design, engineering, UI and UX game design and game production.
 "MPL launches Mayhem Studios to step up development of mobile games")
A century in style: Fintech firm Open becomes India's 100th unicorn
The countdown for 100 unicorns had begun early in the year itself but the Russian attack on Ukraine had paused the startups' rush to touch the $1-billion valuation
 "A century in style: Fintech firm Open becomes India's 100th unicorn")
TMS Ep163: Indian unicorns, real estate recovery, US Fed Policy, spam bot
How sustainable are Indian unicorns? Will a rise in input cost and interest rates hit real estate recovery? What are the markets expecting from US Fed Policy? What is a spam bot? All answers here
 "TMS Ep163: Indian unicorns, real estate recovery, US Fed Policy, spam bot")
How sustainable are Indian unicorns' business models?
India has the highest number of unicorns after the US and China. Let's examine if they are creating a sustainable business model, and if their valuations are on par with their fundamentals
 "How sustainable are Indian unicorns' business models?")
Next unicorn will be firm working on semiconductors: Rajeev Chandrasekhar
Union Minister says small firms are 'truly catalysing'' country electronics and technology industry.
 "Next unicorn will be firm working on semiconductors: Rajeev Chandrasekhar")
Indian SaaS to reach $100 bn in revenues by 2026, surpass China: Report
Continued momentum in the creation of SaaS unicorns will propel India to surpass China and become the 2nd largest SaaS nation in the world, says report
 "Indian SaaS to reach $100 bn in revenues by 2026, surpass China: Report")
Factors that could slow down the spawning of Indian unicorns in 2022
Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.
Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS
In a Q&A, company's co-founder talks about starting the company amid the pandemic, the financial machinations of Web3 organisations and his vision for the future of his firm
 "Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS")
India will have over 250 unicorns by 2025, says Iron Pillar report
The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem
 "India will have over 250 unicorns by 2025, says Iron Pillar report")
India's 'Unicorn couple' eyes first start-up IPO within a year
OfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an initial public offering (IPO) in six months to a year
 "India's 'Unicorn couple' eyes first start-up IPO within a year")
For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1: Report
Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report
 "For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1: Report")
Stage set for PE majors to make a splash in India's tech startup gold rush
Indian tech startup ecosystem has attained a threshold of maturity in the last few years which makes it attractive for large PE players
 "Stage set for PE majors to make a splash in India's tech startup gold rush")
Edtech unicorns go hybrid to tap India's $180 billion education sector
Innovations and strategies in the works to build offline presence
 "Edtech unicorns go hybrid to tap India's $180 billion education sector")
Indian start-ups raise $12 bn during first three months of 2022: Report
Meanwhile, a recent report said that accelerated funding activity is expected to create over 100 unicorns in India during 2022
 "Indian start-ups raise $12 bn during first three months of 2022: Report")
After 2021 boom, how 2022 could be a year of reckoning for Indian startups
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations
 "After 2021 boom, how 2022 could be a year of reckoning for Indian startups")
upGrad says study-abroad unit set to become largest player in South Asia
Unicorn led by Ronnie Screwvala seeks annual revenue run rate of $130 million by 2023 for the platform.
 "upGrad says study-abroad unit set to become largest player in South Asia")