News > India has 100 unicorns valued at over $240 bn

India has 100 unicorns valued at over $240 bn

Rediff.com | 23/03/2021 10:22 PM | Click to read full article

India is home to 100 unicorns across sectors and which are collectively valued at over USD 240 billion, a Swiss brokerage said on Tuesday. These unicorns, or startups valued at over USD 1 billion, are across industries, beyond technology and tech-enabled sectors as well, like pharmaceuticals, and consumer goods, Credit Suisse India equity strategist Neelkanth Mishra told reporters in Mumbai.

The financial technology (fintech) firms are among the leaders in the unicorn club, with five start-ups valued at over USD 22 billion, the brokerage said.