By CNBCTV18.com Apr 20, 2022 7:12:34 PM IST (Published)
According to the latest report by the investment fund Iron Pillar, India added 100 unicorns from January 2019 till now. A unicorn is a privately-held startup, which has a valuation of $1 billion or above.
India is likely to have a total of 250 unicorns by 2025 from the 129 at present, Amitabh Kant, the Chief Executive Officer of government think-tank NITI Aayog said, quoting a report by Iron Pillar.
According to the latest report by the investment fund, 100 unicorns were added to the list from January 2019 till now. A unicorn is a privately-held startup, which has a valuation of $1 billion or above. InMobi was the first startup to join the unicorn club in India in 2011.
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“India has 129 Unicorns of which 100 were added from Jan 2019 generating a value of $535 billion,” Kant said in a tweet.