The world’s biggest investors, including SoftBank, Tiger Global, Temasek Holdings and Falcon Edge, are pouring money into Indian startups, churning out unicorns at a record speed and at eye-watering valuations.
India is now home to more than 60 unicorns, startups valued at $1 billion or more, with more than half of them entering the coveted club this year. Many of these 33 unicorns, which have cumulatively raised about $9.3 billion to date, have also seen a surge in valuations, according to VCCEdge, the data intelligence platform of VCCircle.
