India's unicorn list keeps growing, but just a few making profits

India's unicorn list keeps growing, but just a few making profits

Photo: Reuters

Even as the number of unicorns in the world’s third-largest startup ecosystem has been growing steadily, only a handful have turned profitable. Of the total 107 unicorns that India has produced so far, only 13 are making profits, according to data available with Tracxn.

These include health-tech platform Molbio Diagnostics, online payment gateway BillDesk, B2B commerce business OfBusiness, information technology company Nxtra, B2B construction materials platform Infra.Market, baby and mother care products retailer FirstCry, media technology startup Amagi, financing solutions provider Oxyzo, and edtech platform PhysicsWallah, among others.

Edited by: Joymitra Rai

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