Page 2 - Unicorn Companies

India's brain gain: 40 Indian univ alumni join US unicorn founders club

Other Indian universities on the list include IIT Madras, IIT Kharagpur, the Birla Institute of Technology and Science (Pilani), Banaras Hindu University (BHU), and the University of Madras

LinkedIn's top Indian startups 2024: Zepto leads as India's newest unicorn

According to a report by Global Data, Indian startups raised around $7.5 billion in venture capital funding from January to August 2024 alone

Rapido becomes unicorn with $200 million funding, enters 4-wheeler market

The fresh capital will be directed towards expanding their newly launched four-wheeler taxi service, which will compete directly with Ola and Uber

Ather's $450 mn IPO: The next big spark in India's electric revolution

The move to go for an IPO is well timed as it comes on the heels of a successful debut in the stock market by its start up rival Ola Electric just few days ago when it raised Rs 5500 crore

EyeROV raises Rs 10 cr in pre-Series A round led by Unicorn India Ventures

In the financial year 2024, EyeROV secured multiple contracts domestically and internationally, expanding its reach through partnerships in India and the GCC region

Ride-hailing service Rapido crosses $1 billion gross merchandise value mark

Rapido, which originally started as a bike-taxi service, has grown to include cabs and auto-rickshaws in its offerings. It has also expanded its footprint to 100 new cities across India

FinTech sector leads with 30 startups in Future Unicorns worth $11.4 bn

The 30 startups featured in the ASK Private Wealth Hurun India Future Unicorn Index have collectively raised an investment of $5.7 billion

25 Indian startups drop out of Hurun India Future Unicorn Index 2024

Funding winter shows, cheetahs too lose steam

Infra.Market raises $50 million from existing investor MARS Unicorn Fund

Infra.Market intends to use the proceeds of the latest raise to cater to newer global markets and increase its presence across product verticals

Median salary of Indian unicorn founders rises to Rs 1.5 cr overall in FY23

Female founders had a median salary of Rs 1 cr, while their male counterparts earned a median of Rs 1.8 cr: Study

9Unicorns rebrands as 100Unicorns; launches its second fund of $200 million

The second accelerator fund called 100Unicorns Fund II with a target size of $200 million includes a green-shoe option of $100 million

Games24x7 elevates Tridib Mukherjee to Chief Data Science and AI officer

Mukherjee will continue to drive Games24x7's data-centric approach, leveraging his extensive expertise in data science and artificial intelligence to drive innovation and enhance user experience

China emerges as a hub for 369 unicorns; AI and semiconductor sectors lead

Chinese unicorns command an impressive average valuation of US$3.8 billion, with AI unicorns leading the pack at an average valuation of US$6.76 billion

Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024

The country saw the creation of two unicorns - companies valued at over $1 billion - during the quarter, namely Ola Krutrim and fintech Software as a Service (SaaS) firm Perfios

ByteDance, OpenAI, Canva, and more: 2024's top 10 global unicorns

The top 10 unicorns are mainly found in China and the US, with both countries having four each. The list is rounded off with one unicorn each from Australia and Malta

GenAI startup Vodex raises $2 mn in seed funding round for biz expansion

Vodex helps businesses connect with customers via human-like phone conversations, driving sales and improving customer engagement

'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand

This includes partnering with founders to build high-growth, capital-efficient technology businesses, and supporting their growth from seed to unicorn, and IPO stage

Krutrim AI models improving almost every week, says company executive

The startup aims to address the inherent hallucination issue in AI models by leveraging user feedback from its beta program

India has world's third largest startup ecosystem: PM at Startup Mahakumbh

India has emerged as the world's third largest startup ecosystem with over 1.25 lakh startups and 110 unicorns, and is charting a roadmap for becoming a developed nation with right decisions taken at the right time, Prime Minister Narendra Modi said on Wednesday. Speaking at the Startup Mahakumbh event, Modi said India's startup ecosystem is not limited to metro cities, it has now become a social culture. Modi vowed that he will make India the world's third largest economy in his third term, and asserted that startups will play a big role in India's progress. The Startup India initiative gave platform to innovative ideas, and connected entrepreneurs and ventures to funding, he said. India's youth has chosen the path of being job creator rather than job seeker, Modi said, highlighting the changing mindset of people. He said women are leading more than 45 per cent of Indian startups. India has democratised technology, and therefore the 'haves and have-nots' theory can not work here.

Perfios secures $80 million funding, set to become 2nd unicorn of 2024

Perfios helps financial institutions with processes such as origination, onboarding, decisioning, underwriting, and monitoring