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State of the unicorns of India - Part 1
As fresh $1 billion+ firms get minted, now is a good time to take stock of India’s older unicorns and what they’ve accomplished with their prized status.
13 April, 2021•22 min
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13 April, 2021•22 min
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Why read this story?
Editor's note: Nine fresh unicorns were announced in less than four months of 2021. This has never happened before in India. Starting 2011, when InMobi became India’s first unicorn—a startup valued at $1 billion or more—the country’s tally of these mythical creatures has gone up slowly. But this year promises to be different, and in a not-so-unexpected turn, everyone from entrepreneurs and venture capital investors to analysts and even casual observers staring at the precipice that lies between chasing your own dreams and ditching a 9-5 job have transformed into cheerleaders of the ecosystem. Times like these can be heady. Which is also why some people are already sounding the bugle of cautious optimism. After all, becoming a unicorn is a milestone, not a destination. One must still build a sustainable business and deliver a unicorn-worthy return to shareholders. This is obviously easier said than done. And this is also what we believe at The Morning Context. Hence we decided that in this moment of passing around the champagne, it is also important to take a look at how earlier unicorns in …
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