90 founders among 500 US unicorns were India born: study

New Delhi: A research compiled by Ilya A. Strebulaev, professor of finance at Stanford College’s Graduate Faculty of Enterprise, reveals that out of 1,078 founders throughout 500 US unicorns, 90 entrepreneurs have been born in India, signalling the numerous presence of Indian Individuals within the nation’s startup and tech economic system.

India-born founders have been adopted by those from Israel and Canada.

The info pulled collectively by Strebulaev comes at a time when many Indian-based know-how professionals want to head again house. Silicon Valley-based tech publication
The Information reported last week on how Indian immigrants within the US have been more and more giving up on their American dream amid visa points and the lure of a thriving startup trade in India.

It’s not startup founders alone, India-born executives are actually operating essentially the most highly effective tech giants within the US.

Additionally learn:
Parag Agrawal joins growing list of Indian-origin CEOs leading US firms

India’s growing startup ecosystem

A recent report by venture capital fund Orios Venture Partners said Indian startups
raised $42 billion in 2021, up from $11.5 billion within the earlier 12 months. The report titled ‘The Indian Tech Unicorn Report 2021’ stated India noticed 46 unicorns (corporations with $1 billion or extra in valuation) in 2021 alone.

The newly minted unicorns embrace ShareChat, Cred, Meesho, Nazara, Moglix, MPL, Grofers (now Blinkit), upGrad, Mamaearth, GlobalBees, Acko, Spinny and others.

India – with 90 unicorns – is the third-largest unicorn hub behind the US (487) and China (301), and forward of the UK (39).

In accordance with the report, Flipkart was essentially the most precious unicorn ($37.6 billion after elevating $3.6 billion in July 2021), whereas Mensa Manufacturers was the quickest to show unicorn (took solely 6 months to show unicorn in November 2021 spherical after elevating the primary $50 million spherical in Might 2021).

India has seen 4 decacorns (corporations with a valuation of USD 10 billion and above) to date – Flipkart, Paytm, Byju’s and Oyo Rooms, the report acknowledged.

The report additionally added that the 12 months 2021 was a landmark 12 months for Indian startups going public.

Within the public markets, Zomato has the very best market capitalisation ($14.8 billion), among the many listed Indian startups, adopted by Nykaa ($13.5 billion) and Freshworks ($6.9 billion), the report added.

Bengaluru was the
‘Unicorn Hub’ with 18 unicorns emerging from the city in 2021 and 35 in all. It additionally occurs to be the seventh largest unicorn metropolis on the earth. Delhi claimed the second spot with 13 unicorns whereas Mumbai boasts 11 unicorns in the identical interval. Curiously, Mumbai noticed a 3.2x improve within the whole variety of unicorns in 2021. Chennai had two unicorns emerge in 2021 whereas Jaipur joined the checklist with CarDekho.

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