Page 15 - Unicorn Companies

Valuation of Indian unicorns to rise manifold amid pandemic: Experts

Experts say large funding rounds and valuations demonstrate significant interest from global investors, including sovereign funds, private equity and crossover funds

Record $43 bn worth deals closed in H1 2021; 10 unicorns created: Report

The January-June period of 2021 saw 20 per cent rise in deals to a record high of USD 43 billion besides creation of 10 new unicorns, despite the devastating second wave of the pandemic, according to a report. The period saw completion of 856 deals worth USD 43 billion with an average deal size of USD 50 million, the report by Grant Thornton said. While in volume terms, it is 42 per cent more than the year-ago period's, in value terms is is higher by 20 per cent over last year, which is a record, it said. The private equity inflows into the tech space saw 10 new unicorns being created during the first half (H1) of 2021. Of these, five are from the e-commerce space, taking the overall tally well past 100 in the country. The deal street was led by higher number of private equity deals and 221 merger and acquisitions (M&As) aggregating to USD 24.4 billion, which is 36 per cent higher than that in H1 of 2020. The Adani Group has been one of the most active acquirers with the ...

Written down: Accounting drill keeps bitcoins from getting wider acceptance

Accountants are fitting crypto into existing categories. As an intangible asset, Bitcoin's book value can go only one way: down.

Zomato's $100 million investment to turn Grofers into unicorn: Report

Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake

Edtech startup upGrad set to join unicorn club with $4-billion valuation

Eyes $400 million at 5 times current value

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.

Online education firm Cuemath eyes new funding, $1 billion valuation

Indian online education platform Cuemath plans to raise at least $100 million in a new financing round this year, its chief executive said

At $16.5 bn, Byju's most valuable startup in India after raising $350 mn

As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world

Start-up 'monomyths'

Book review of The Unicorn's Shadow: Combating the Dangerous Myths That Hold Back Start-Ups, Founders And Investors

Catch up on 5G mindset

Permit cost-less changes that build network systems and service delivery

Pepperfry to join unicorn club soon, to launch IPO after booking profit

Online furniture company Pepperfry would be in the unicorn club by the time its initial public offer hits the market, a top official of the company said on Monday.

Best of BS Opinion: Going viral on vaccines, another data breach & more

Here are the best of Business Standard's opinion pieces for Tuesday

The unicorn boom: Shareholder issues

Entrepreneurs must think through their choices on their listing venue, shareholder base, and valuations

Moglix raises $120 mn in funds, joins India's growing unicorn club

Industrial business-to-business company is the fourteenth Indian company this year to reach unicorn status

Meanwhile, the good news: A look at another side of the India story

T N Ninan looks at Credit Suisse India Strategist Neelkanth Mishra's four-part article series in Business Standard and how it spells hope at a time when a health care crisis has pervaded the country

The human factors

Book Review - Dreamers and Unicorns: How Leadership, Talent and Culture are the New Growth Drivers

Practo, BharatPe and Grofers in line to be the next Indian unicorns

Currently, there are 48 Indian start-ups valued at $1 billion or more, and Paytm is the most valuable start-up at $16 billion, according to the Venture Intelligence data

A virtuous cycle of entrepreneurship

According to the Credit Suisse Wealth Report 2020, after stagnating for several years, the number of millionaires in India rose rapidly in the two years before the pandemic

Urban Company raises $190 mn at $2-bn valuation, joins unicorn club

Besides Prosus, the other investors include DF International and Wellington Management

Singapore-based SC Ventures plans to divest its stake in B2B company

According to sources, the platform, set up last September, hopes to hit the unicorn status ($1 billion) by the mid-third quarter of next year