Unicorns of India - An endless Race of startups to become an Unicorn

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Unicorn is a term from the venture capital industry-first coined by Aileen Lee to refer to any startup that is valued at $1B or more.

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The Indian Unicorns witnessed many firsts in 2021 and saw a lot of new entries. INNOVACCER Healthtech Unicorn. MEESHO- 1st Social Commerce Unicorn. PHARM-EASY - 1st E-Pharmacy Unicorn.

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India is the 3rd top country to be hosting unicorns with a total of 54 Unicorns, with 33 of them added in 2021. Some new ones are Cred, Licious, MyGlamm.

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A thriving digital payments ecosystem helps startup expand their customer base. India’s smartphone market increased by 14% in 1 year.

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