Last Updated on Sep 7, 2021 by Manonmayi

Of all the startups, CoinSwitch Kuber is the only crypto startup that is expected to go Unicorn in the next two years. The company is on the 29th rank in the list of Gazelles in India. If you are wondering what Gazelle company is, the Hurun India report defines it as; a startup founded after the year 2000 and has the potential to go Unicorn in two years.

According to the Hurun India Future Unicorn List 2021, there are 18 startups on the list, wherein FinTech companies are a majority on the list, followed by E-commerce, and SaaS companies. Hurun India also mentioned that preparing this list was a difficult task as the Indian startup ecosystem has seen hyperactivity. For example, five startups that were Cheetahs (most likely to go Unicorn within four years) jumped straight to Unicorn valuations. 

2021 started with a few startup IPOs like Nazara Tech, Zomato and others, which encouraged more Indian High Networth Individuals to invest in these startups. Moreover, there are about 600 mn internet users in the country and this would grow to 900 mn users by 2025. As a result, tech startups and fintech companies working in mobile payments, insurance and other areas are gaining traction and capitalizing on the growing internet usage.


Some of the best enterprise SaaS companies that are born in India but are “flipped” to the USA is a lost opportunity to the Indian startup ecosystem. And one of the ways to retain them in the country would be to incentivize these startups.

Manonmayi
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

The blog posts/articles on our platform are purely the author’s personal opinion and do not necessarily represent the views of Anchorage Technologies Private Limited (ATPL) or any of its associates. The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, please consult a professional financial or tax advisor. The content on our platform may include opinions, analysis, or commentary, which are subject to change, without notice, based on market conditions or other factors. Further, the use of any third-party websites or services linked on the website is at the user's discretion and risk. ATPL is not responsible for the content, accuracy, or security of external sites. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or securities quoted (if any) are for illustration only and are not recommendatory. Any reliance you place on such information is strictly at your own risk. In no event will ATPL be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

By accessing this platform and its blog section, you acknowledge and agree to the Terms and Conditions of this website, Privacy Policy and Disclaimer.