As we head into the third month of 2022, the Indian startup ecosystem has already added 13 new entrants to the coveted $1 billion valuation club. The country is already cheering in its new unicorns —(advanced analytics), (edtech), (HRtech), (social commerce), (blockchain), (home interior and renovation), (B2B ecommerce), (logistics), (conversational AI), (GraphQL developer), (fintech), (fintech), and the latest, (mediatech).
And, there is more to come. According to a PwC report, over 50 Indian startups have the potential to enter the unicorn club — startups valued at over $1 billion each — in 2022.
The year 2021 saw the emergence of 44 startup unicorns against a cumulative number of 33 unicorns from 2011 to 2020.
Given the record-breaking year of 2021, in terms of fund inflow and the emergence of unicorns from the Indian startup ecosystem, 2022 is expected to continue the momentum. Let’s have a look at the 13 unicorns of 2022.