Startup unicorns create $106 billion in market value

According to the Indian Tech Unicorn Report 2020 by Orios Venture Partners, 44 Indian startup unicorns have created a market value of $106 billion. This surge in market value has created more than 1.4 million jobs annually.

The unicorns like Paytm, Byjus, Ola, MakeMyTrip, InMobi, Cars24, among others have created $106 billion value for the startup ecosystem.

Paytm holds the number 1 position as the most valuable unicorn at $16 billion.

Startups like MakeMyTrip, JustDial, and have already been listed for IPO’s this year. Zomato, Delhivery, Flipkart, and Nykaa are also expected to enter the public market soon this year.

“E-commerce companies are also looking to go in for public listing (either India or overseas) to help tap into the interest and growth that they are generating, expect more news and traction regarding companies tapping into this funding channel in the next 12-24 months,” said Ankur Pahwa, partner and national leader, e-commerce and consumer Internet, EY India.

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