It is raining unicorns – What a week its been for the Indian startup ecosystem!
As of 7 Apr, as many as 8 Indian startups joined the coveted $1 billion unicorn club—half of them just this week
Cred | Fintech | 2.2B
Meesho | Social Media | 2.1B
Digital Insurance | Insurtech | 1.9B
Five star business finance | NBFC | 1.4B
InnovAcer | Health-tech | 1.3B
Infra .Market | Infra-tech | 1
Groww | FinTech | 1
PharmEasy | Health-tech | 1.5B
And GupShup and Share-chat joined the fray yesterday
“With covid, it is clear that digital acceleration has happened, leading to heightened investments in new-age entities which deliver services through technology-first models”
What do you think is driving the booming valuations even without any profits in sight?
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#unicorns #india #startups