India has 100 unicorns, most of them young, says report

India has 100 unicorns, most of them young, says report

As per reports of Credit Suisse's India market report, India is growing fastly for startups and new businesses. Currently, we have 100 unicorns, Unicorns are a privately held startup company with having a valuation of $1 billion.

The report says in the last few years India has seen exponential growth in e-commerce, Fintech, educational technology, food delivery, and mobility companies. There is a huge growth in SaaS(Software as a Services) sector companies also.

The cities that are making themselves a hub of startups are Bengaluru, NCR, Hyderabad, Pune, and Chennai. According to the report fleet of 100 unicorns includes Serum Institute of India, Oyo Rooms, PolicyBazar Insurance, Flipkart, CarDekho, Vishal mega mart, National Stock Exchange, Zomato, Cards24, Lenskart, Urbanclap, Hero Fincorp, and many others.

They are many startups in this fleet that are planning for IPO even.
The economy of India is growing very rapidly and it is becoming a huge consumer market for the whole world. If we sectors like food, consumer electronics, telecom, IT, and others we have many foreign players in India offering their services and making a profit in this huge market.

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