52 startups in India are potential unicorns
India is home to the world’s third largest startup ecosystem, having added over 1,300 tech startups in 2019 Number of Indian unicorns could increase to 95-105 by 2025, says Nasscom president Debjani Ghosh Bengaluru: The first eight months of the year saw the birth of seven unicorns in India’s startup ecosystem, software industry body Nasscom said in a report, even as 52 others which have received over $50 million investments wait to join the list. The number of India’s potential unicorns —a term to describe startups valued at $1 billion—more than tripled from 15 last year to 52 in 2019, becoming the world’s largest pipeline of unicorns in the making, Nasscom said in its report ‘Indian Tech Start-up Ecosystem – Leading Tech in the 20s’. India’s newest unicorns include Delhivery, a logistics startup; Icertis, which provides cloud-based enterprise contract management; Dream11, a gaming startup; Druva, which provides cloud data protection and manage...