India comes second in unicorn race in Q3

[Protest_again]

India comes second in unicorn race in Q3

BENGALURU : India has raced ahead of many developed economies, including China, the UK and Canada, in adding new unicorns during the third quarter (Q3) of calendar year 2021, according to PwC India.

India added close to 10 unicorns in Q3, versus seven by China and Hong Kong, and four each by the UK and Canada, signalling the rapid pace of investment activity.

However, the US continued to lead the chart by a distance, adding close to 68 unicorns in the September quarter.

The quarter also saw Indian startups raise $10.9 billion across 347 deals; the first time investments in Indian startups have crossed more than $10 billion in a quarter, PwC said.
As per industry estimates, Indian startups have raised more than $24 billion in the first three quarters of 2021.

"Startups have leveraged the accelerated digital adoption seen among businesses and individuals alike to create newer business models, and this is driving investor interest in a big way. We are seeing the average deal size increase and quicker funding rounds, which has led to a surge in deal activity across sectors, since early this year," said Amit Nawka, partner - deals and startups leader, PwC India.

More than 84% of the overall funding activity during the third quarter was focused on growth or late-stage deals, while 61% consisted of early-stage funding rounds, the consulting firm added.

 

[Chhatrapati]

adding close to 68 unicorns in the September quarter.

68? in a quarter.

 

[Cash GK]

Good job

 

[Splurgenxs]

Rejoicing over vaporware , when will the world learn.
This unicorn pºrn need to be regulated.

 

[lonelyman]

India comes second in unicorn race in Q3

BENGALURU : India has raced ahead of many developed economies, including China, the UK and Canada, in adding new unicorns during the third quarter (Q3) of calendar year 2021, according to PwC India.

India added close to 10 unicorns in Q3, versus seven by China and Hong Kong, and four each by the UK and Canada, signalling the rapid pace of investment activity.

However, the US continued to lead the chart by a distance, adding close to 68 unicorns in the September quarter.

The quarter also saw Indian startups raise $10.9 billion across 347 deals; the first time investments in Indian startups have crossed more than $10 billion in a quarter, PwC said.
As per industry estimates, Indian startups have raised more than $24 billion in the first three quarters of 2021.

"Startups have leveraged the accelerated digital adoption seen among businesses and individuals alike to create newer business models, and this is driving investor interest in a big way. We are seeing the average deal size increase and quicker funding rounds, which has led to a surge in deal activity across sectors, since early this year," said Amit Nawka, partner - deals and startups leader, PwC India.

More than 84% of the overall funding activity during the third quarter was focused on growth or late-stage deals, while 61% consisted of early-stage funding rounds, the consulting firm added.

proud of paper value instead professional jawans now?

 

[rott]

proud of paper value instead professional jawans now?

Always boasting. But nothing concrete.

 

[jamahir]

Rejoicing over vaporware , when will the world learn.
This unicorn pºrn need to be regulated.

You are right. Makes me wonder, though many people get excited by high positions in such Unicorn races how many of these Unicorns whether in India or elsewhere are actually useful to their local societies and to humanity in general. This is just like scoring high marks in a typical engineering college in India. Not of much actual use to anyone.

 

[Splurgenxs]

You are right. Makes me wonder, though many people get excited by high positions in such Unicorn races how many of these Unicorns whether in India or elsewhere are actually useful to their local societies and to humanity in general. This is just like scoring high marks in a typical engineering college in India. Not of much actual use to anyone.

The useful ness of anything is never apparent in its inception, but R&D should always happen.
one eg Quaternions .
another eg : The Czochralski process. which was unused for over 50 years.

People do invest based on projections on existing returns , ie - if you are making 10k what if i invest 1mill and make it 100k yoy.
That's the intended permutation at least.

My only issue is that the scaling and projection don't go as intended most of the time , be it due to irrational inventor expectations or ineptitude of the producer or some unexpected market factors like product placement and timing.

World needs to be more gung ho on profitable businesses(even if the profits are small) rather than projected or investment based valuations which make people into millionaires while in realty they are deep in debt.

 

[Nasr]

Superficial, hollow and delusions of grandeur. india like many other countries is following the West, when what countries ought to be doing is go in the opposite direction. This includes Pakistan, Bangladesh and others as well.

Real economic growth comes when prosper, not a small and exclusive percentage of people who become richer and richer while the rest of the population is imprisoned in permanent and abject poverty.

Look at China, look at Russia, who actually are taking care and protecting their people, all of them, not a few elites.

There is no cure for stupidity and ignorance. You will find yourself in the gutter one day, imprisoned there, if you continue to follow the West.

 

[jamahir]

My only issue is that the scaling and projection don't go as intended most of the time , be it due to irrational inventor expectations or ineptitude of the producer or some unexpected market factors like product placement and timing.

Most times corporate projections are silly. Some years ago some MBA types of a certain "respectable" "business analysis" company ( I don't remember which ) projected that the laptop industry will generate so much more money by 2030. They just said that based on current profits without thinking that laptops might not even exist in 2030. And currently we have the Apple Glass wearable display ( spectacles-based ) that is set to be released in a year or so and which will give the wearer a display size of a regular desktop or laptop. These MBA-type business analysts should really be consulting futurists when making projections and then too they might be wrong in some things.

World needs to be more gung ho on profitable businesses(even if the profits are small) rather than projected or investment based valuations which make people into millionaires while in realty they are deep in debt.

Well, some profitable businesses might not be desired at all. Like in India the Royal Enfield company is profiting by selling newer as-noisy Bullet motorcycles when instead two-wheelers ( and privately-owned personal cars ) should have been banned in the country. Also profitable in India are companies for dog things - food, clothing etc.

Superficial, hollow and delusions of grandeur. india like many other countries is following the West, when what countries ought to be doing is go in the opposite direction. This includes Pakistan, Bangladesh and others as well.

Real economic growth comes when prosper, not a small and exclusive percentage of people who become richer and richer while the rest of the population is imprisoned in permanent and abject poverty.

Agreed.

 

[Paitoo]

While I admire the work that startups are doing, there needs to be some sense of proportion in where the money is going. A lot of funding goes into paying unrealistic salaries. There are people in their late 20s and early 30s who have started earning in crores while in the same company you will find admin staff and contractual workers languishing at something like 12-15K a month. I have been part of the corporate world for 2 decades now and I find the entitled behaviour of the present generation nauseating.

 

[MH.Yang]

As a reminder, the decline in the number of Unicorns in China is because China does not accept the valuation of venture capital companies from 2020, and all Chinese unicorns come from the stock market value.
Most of the unicorns in USA and India come from the valuations of venture capital companies.

 

[MH.Yang]

Now China has been cracking down on the stock market bubble and the US has been making a big increase in the stock market bubble. Let time judge who is right and who is wrong.

 

[jamahir]

Now China has been cracking down on the stock market bubble

What do you mean ?

 

[Chhatrapati]

all Chinese unicorns come from the stock market value.

Man... Listed companies will not be called Unicorn startups. It is based on the amount they raise from VCs and the shares they hold which gives the exact valuation of the company. And those with over a billion in valuation is called a unicorn. Once you apply for IPO you become a listed company or you loss unicorn status if some other company acquire it.

Superficial, hollow and delusions of grandeur. india like many other countries is following the West, when what countries ought to be doing is go in the opposite direction. This includes Pakistan, Bangladesh and others as well.

Real economic growth comes when prosper, not a small and exclusive percentage of people who become richer and richer while the rest of the population is imprisoned in permanent and abject poverty.

Look at China, look at Russia, who actually are taking care and protecting their people, all of them, not a few elites.

There is no cure for stupidity and ignorance. You will find yourself in the gutter one day, imprisoned there, if you continue to follow the West.

You're just jealous.