2021 appears set to be the best year for unicorns

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While new technology-based companies created a new business category, the Covid-19 pandemic only ensured that many business segments were conducted online, and startup in the breeding area became a new area.

In India, the top three unicorn companies are One97 Communications (the owner of Paytm), the ed-tech based Byju’s, and travel-based OYO Rooms.
In India, the top three unicorn companies are One97 Communications (the owner of Paytm), the ed-tech based Byju’s, and travel-based OYO Rooms.

The UNICORN company is described as a private startup with an assessment of more than $ 1 billion. The term was first popularized by Venture Capitalist Aileen Lee in 2013 to describe a rare technology startup that was valued at more than $ 1 billion.

While new technology-based companies created a new business category, the Covid-19 pandemic only ensured that many business segments were conducted online, and startup in the breeding area became a new area.

The following is the display of data from CB insight on Unicorn ecosystems in India and throughout the world.

1. Paytm is the highest value unicorn India, 7 again added to the Unicorn list in 2021

In India, the top three unicorn companies are ONE97 communication (Paytm owner), The Ed-Tech Byju’s, and Rooms OYO based on travel. Their assessment was $ 16 billion, $ 13 billion and $ 9 billion. Seven Indian companies have entered this list in the first four months 2021. They are Credit, Meesho, Sharechat, Digit Insurance, Five Star Business Finance, Infra. Mom and Groww.

2. The United States has more unicorn than India and China put together

What makes Unicorn unique is the fact that they are able to withdraw large amounts of funds from venture capitalists. On the one hand, this should reflect premiums on business ideas and technology to implement it than current performance.

As expected, the network with prospective investors is an important factor here. CB insight data shows that the United States (US) is the world’s best place for Unicorn to get investment followed by China and India. In 337, the US is home to 52% of the total unicorn in the world with a combination value of around $ 1.1 trillion.

China has 138 Unicorns which are valued at more than $ 500 billion together. India, which has 31 Unicorn, is ranked third in the Global Unicorn list. Unicorn India is worth $ 106 billion, put together.

3. In just four months, 2021 has seen the most recent unicorn ever recorded

CB Insight data provides information about Unicorn since 2010. The total number of Unicorn has increased from one in 2010 to 654 to April 2021. Year 2021 saw the highest number of unicorns created during this period (exactly until April 22). Between January and April 2021, 88 companies reached Unicorn status in the US, making it the best year in the history of Unicorn US. China’s Unicorn growth peaked in 2018, when adding 42 companies to the Unicorn list. Only two companies added themselves to the Unicorn list in China this year.

Data shows that for most private companies, getting more than a billion dollars from investors is a recent phenomenon.

Of the 654 companies in Dataset, more than 75% of companies were included in the Unicorn category since 2018. Since 2018, every year, 125 private companies become unicorns every year except in 2020 (when it was 122). 2021 is an extraordinary year for such companies. In the first four months 2021 itself 125 companies have signed the Unicorn category.

4. Which business category is the most preferred by Unicorn?

Fintech and Internet software services are the most popular segments for this private business. More than 100 unicorns in the world are in each of these two categories followed by e-commerce and direct-to-consumer segments that have part of the 12% of the company.

Fintech companies such as PaytM redefine the payment industry in India. Other categories where this Unicorn comes is artificial intelligence, health and cellphones and telecommunications.

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