Page 18 - Unicorn Companies

Unacademy turns into unicorn after SoftBank-led funding round

Valuation jumps 3-fold in last six months to $1.45 billion; becomes the second unicorn in edtech space after Byju's

Unacademy is like the Netflix for live education: CEO Gaurav Munjal

In an interview with Samreen Ahmad and Bibhu Ranjan Mishra, Gaurav Munjal of Unacademy says the Covid-19 pandemic may have shortened the time the company has taken to achieve $1.45 billion valuation

India-China spat starting to impact domestic unicorns, Chinese investors

Experts said Chinese investments in Indian unicorns including Paytm, Byju's, Ola, BigBasket, Dream11, and Swiggy may drop sharply through investors such as Alibaba, Tencent and Xiaomi

Sequoia top backer of Indian unicorns with 8 bets, China's Tencent 11th

Venture capital fund Sequoia Capital India is the top backer of unicorns, or firms which have attained a valuation of over USD 1 billion, a report said on Wednesday.

India is home to 21 unicorns, collectively valued at $73.2 billion

Eleven of these are backed by three Chinese investors

Before change in FDI rules, Chinese invested millions in Indian tech firms

Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies

Byju Raveendran, Zomato's Gaurav Gupta on WEF's Young Global Leaders list

Raveendran launched Byju's learning app in 2015, calls himself a teacher by choice and an entrepreneur by chance. Gupta's Zomato has been a pioneering food technology start-up.

From Swiggy to Ola, Indian star unicorns' valuations hit speed bump

Profitability has been the biggest challenge for unicorns. Swiggy reported 500 per cent jump in losses for financial year FY19 at Rs 2,346 crore against FY18, according to data platform Tofler.

Quikr no longer a unicorn, Swedish investor pares valuation by 45%

Scandinavian firm refers to exaggerated revenue resulting from fraudulent transactions that rocked the company

The rise (and rise) of the family office

Unicorns are toppling older industrialists who have got quashed under debt and distracted diversifications

Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year

The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.

Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held

Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round

Bengaluru firms claimed 45% of all investments in Indian startups in 10 yrs

The city, which has seen its startups raising $31 bn in the past decade, is home to 44% of India's unicorns and 43 per cent of 'soonicorns'

Data protection startup Druva crosses $100 mn in annual recurring revenue

This June, the company had raised $130 million to become a 'unicorn'

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

Number of 'unicorn' startups in China exceeds US number for first time

There were 206 Chinese firms out of a global total of 494 ultra-valuable start-ups -- known as "unicorns" -- in June 2019

Rivigo set to join club of profitable Unicorns, achieve cash break-even

Rivigo is working on building a RaaS to bring benefits of its disruptive relay trucking model

With more than 7,000 start-ups, Delhi-NCR emerges as India's unicorn hub

NCR's start-up ecosystem has incredible momentum, says TiE Delhi-NCR and consulting firm Zinnov

Focusing on needs of consumer, India's unicorns are like workhorses

India's four largest unicorns are in online payments, e-commerce, ride-hailing and education

4 new unicorns push up venture capital inflows to a record $8 bn in 2018

Deal size grew considerably in the reporting year, which is a sign of the increasing maturation of the VC market here