2018 saw a whole new breed of Indian startup unicorns emerge
The average time taken by a Indian startup to achieve $1-billion valuation has come down.
- The company is backed by some well-known investors including Tencent, Sequoia Capital, Lightspeed Venture Partners, and South Africa’s Naspers Ventures.
- In February this year, the 10-year-old food tech company became a unicorn when it raised $200 million at a valuation of $1.1 billion.
- In June, food-delivery startup Swiggy entered the unicorn club when it raised $210 million in a funding round led by Naspers and DST Global.
- The online insurance aggregator turned unicorn in June after it raised $200 million from Softbank.
- The hotel aggregator became a unicorn in September when it said it was raising $1 billion from existing investors SoftBank Vision Fund, Sequoia Capital, and Lightspeed Venture Partners.