India has solely 17 worthwhile unicorn start-ups, in keeping with market analysis platform, Tracxn. The nation homes 114 unicorns of which 80 startups’ knowledge is publicly out there. A unicorn is an organization valued at $1 billion or above. 
 
The highest worthwhile corporations embody inventory brokerage platform Zerodha, Software program as a Service (SaaS) platform Zoho, e-commerce platform Firstcry, fintech agency Billdesk, and some others. 

They’ve made income value Rs 2,094 crore (FY22), Rs 2,747 crore (FY22), Rs 215.4 crore (FY21), Rs 245.6 crore (FY21) respectively. The info has been extracted from monetary statements of FY21 and FY22. Different worthwhile start-ups within the record are Molbio Diagnostics, Uniphore, Xpressbees, Physicswallah, IPO-bound Mamaearth, CoinDCX, and extra. 
 
There are a few particular instances as effectively. 
 
As an example, fintech firm PhonePe was acquired by Flipkart in 2016 but it surely separated its possession from the Walmart-owned model formally this yr and subsequently its standing stays unsure. PhonePe additionally shifted its domicile from Singapore to India. 
 
Knowledge by Tracxn additionally revealed that within the final two years, round 16 start-ups have moved away from their unicorn standing. These start-ups are not unicorns as a result of they’ve both been acquired or been listed on inventory exchanges. 
 
Begin-ups resembling Tata1mg, Blinkit, Rivigo, BigBasket, Flipkart, ShopClues noticed their unicorn standing altering as a result of they had been acquired. 
 
BigBasket and Tata1mg had been acquired by Tata Digital. Nevertheless, one of the crucial outstanding offers occurred between ecommerce big Flipkart and retail big Walmart. Walmart acquired 77 per cent within the ecommerce big in 2018 and picked up 100 per cent stake within the Binny and Sachin Bansal-founded firm in 2020 for a whopping $1.2 billion. Flipkart’s valuation has soared over time to succeed in round $37.5 billion right this moment. 
 
The final two years additionally noticed corporations making their debut on the inventory markets. The record consists of Paytm, Zomato, Nykaa, Delhivery, PolicyBazaar and 5 Star Enterprise Finance. 
 
As well as, these corporations noticed their valuations dip put up their itemizing. 
 
A listing by Hurun revealed that PolicyBazaar, Paytm, Zomato, and Nykaa misplaced Rs 2 lakh crore cumulatively as they misplaced 68 per cent, 59 per cent, 50 per cent and 48 per cent, respectively in worth since their itemizing. 
 
Public itemizing and acquisitions aside, a few of the start-ups had been downgraded from the unicorn standing owing to their valuations being lower down. These embody Quikr and Paytm Mall. Paytm Mall’s valuation dipped from $3 billion to $13 million after its lead buyers Ant Monetary and Alibaba offloaded their shares in September final yr.  An analogous image formed out for Quikr when its Swedish investor Kinnevik devalued the net classifieds market by 45 per cent after its income was discovered to be exaggerated and incidents of fraudulent transactions surfaced throughout the nation.
 
India has the third largest start-up ecosystem in India after the US and China. In keeping with estimates shared by the federal government, there are over 92,000 registered start-ups in India. 
 
Whereas they could be experiencing a funding crunch, with investments sliding as a lot as 50 per cent particularly within the case of late-stage start-ups, it is very important word that 2021 was a momentous yr for this ecosystem. Begin-ups racked up a whopping $42 billion from world buyers together with giants like SoftBank, Accel, Tiger World, and others. 
 
The situation within the present yr is much from what it was then.
 
The funding in start-ups continues to dip even until February 2023 as world VCs sit on dry powder value $590 billion out there for funding.
 
Notice: Tracxn classifies all tech corporations as start-ups and has collated unicorns as per valuation

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