A decade since the birth of its first unicorn — InMobi, a provider of advertising services for mobile phones — India has proved that these capital-fuelled creatures aren’t so rare, minting 30 of them in 2021 so far. That’s more than the 28 that joined the coveted club in the first eight years of the past decade.
Bengaluru-based CoinSwitch Kuber, a trading platform for crypto assets, on Wednesday became the latest Indian startup to join the unicorn club with a valuation of $1.9 billion, higher than rival CoinDCX’s $1.1 billion valuation announced in August.
