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Unicorn News

20 Dec 2024

Unicorns Continue To Be Among Large Employers In India: Report

Unicorn hiring peaked in March at over 42,000 cumulative employee additions, according to the report by SaaS-based network platform PrivateCircle.

Initial public offering

24 Sep 2024

Indian Tech Startup Ecosystem Secures $7.6 Bn In Funding In 9 Months

The initial public offering (IPO) numbers have surged, with 29 tech companies going public in 2024 (year to date), compared to 15 during the same period in 2023, according to the report by Tracxn, a SaaS-based market intelligence platform.

20 Jun 2024

Hurun India 2024 Unicorn Index: Zepto, Porter, Incred Finance Turn Unicorns

Releasing the ASK Private Wealth Hurun India Future Unicorn Index 2024, the report said that 25 future Unicorns, 5 Gazelles, and 20 Cheetahs dropped out of the index list.

31 Oct 2023

Mama Earth Parent Honsa Consumer's IPO Opens On Tuesday; Should You Subscribe?

The Direct-To-Consumer (D2C) brand offers a wide range of beauty and personal care products and is valued at over $1 billion. The company was founded by the husband-wife duo of Varun and Ghazal Alagh in 2016.

25 Aug 2023

With $200 Million Fund-Raising, Zepto Becomes 1st Unicorn Of India In 2023

Founded in July 2021, Zepto said it plans to go public in the next 2-3 years.

02 Aug 2023

Around 15% Of Unicorn Startups Have At Least One Woman Founder, Says PM

Highlighting the increasing role of women in governance, the prime minister gave the example of President Droupadi Murmu.

27 Jun 2023

India Likely To See 147 Unicorns In Next 5 Years: Report

India is currently home to 83 unicorns, 51 gazelles (most likely to go unicorn within three years) and 96 cheetahs (to achieve unicorn status in five years), according to the 'ASK Private Wealth Hurun India Future Unicorn Index 2023' report.

11 Apr 2023

Indian Startups Funding Plunges 75% In Q1, No New Unicorn In 3 Months

Reports by Tracxn, a leading global market intelligence platform, showed there were no new unicorns created in the January-March period, compared with 14 unicorns in Q1 2022.

07 Dec 2022

Number of unicorns drop to 85 in India, THIS is the reason

According to data compiled by Finbold, the US has the highest number of unicorns at 704 while China comes a distant second with 243 unicorns (as of November this year).

PM Narendra Modi

16 Nov 2022

PM Modi says Tech future to be much bigger due to India’s Innovative youth

The Prime Minister informed that India jumped to the 40th rank in the Global Innovation Index from 81st rank in 2015 this year. The number of unicorn start-ups in India has doubled since 2021, as India emerges as the third largest start with 81000 recognized start ups. The Indian talent pool has encouraged hundreds of international companies to have their R & D centres in India.

14 Oct 2022

Indian startup funding hit 2-year low in September quarter: PwC India

The funding winter continues in India`s start-up ecosystem and globally, and it`s uncertain when this will end. The average deal ticket size declined from USD 23 million in Q2 2022 to USD 13 million in Q3. Funding in growth- and late-stage deals continued to decline, with an average ticket size of USD 13 million in Q3 CY22.

02 May 2022

India gets its 100th unicorn: Neobank Open attains $1 billion valuation

Neobank Open raised $1 billion in its Series D round of funding. The funding round was led by Mumbai-based investment firm IIFL. Neobanks are bridging the gap between traditional banks' services and clients' changing expectations in the digital age.

09 Feb 2022

Xpressbees becomes a unicorn, raises $300 million in funding

The capital raised will be used for product development, talent acquisition and the next phase of growth. The total amount of funds raised by Xpressbees exceeds USD 500-million. Existing investors Investcorp and Norwest Venture Partners also participated in the fresh round.

23 Apr 2021

Scientists discover smallest black hole in Milky Way galaxy

Smallest known black hole in the Milky Way galaxy. Blackhole is roughly three times the mass of our sun. Black holes form when massive stars die and their cores collapse.

08 Apr 2021

Groww enters unicorn club by raising Rs 615 crore

Groww raised around Rs 615 crore. Funding round led by Tiger Global. Groww started almost five years back.

11 Sep 2016

Snapdeal pumps in Rs 200 crore for brand overhaul

Eyeing an "aspirational India", Snapdeal has invested Rs 200 crore in rebranding activities and also unveiled a new logo as the e-commerce major focuses on wooing the next 100 million potential online shoppers.

30 Mar 2016

Humans, `unicorns` may have walked Earth at same time: Study

23 Jul 2015

Wipro sets up team 'Unicorn' for digital push

In line with rivals TCS and Infosys, country's third largest software services firm Wipro today said it has set up a team of 200-250 professionals as part of its efforts to ramp up revenues from digital services.

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