Unicorns In India

'Unicorn' is a term coined by a US American venture capitalist in the American context and India would do better by celebrating 'Indicorns', entrepreneur and investor Kunal Bahl has said.

Edtech unicorn PhysicsWallah said on Friday it has raised USD 210 million in a funding round led by Hornbill Capital at a 2.5 times higher valuation of USD 2.8 billion.

Indians have founded more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India, according to the Global Unicorn Index 2024, a ranking of the world's start-ups founded in the 2000s.

The number of unicorns -- companies worth over USD 1 billion -- in the country has declined for the first time in four years to 67, a report said on Tuesday.

Krutrim has gained unicorn status as the AI startup founded by serial entrepreneur Bhavish Aggarwal secured $50 million in funding from investors including Matrix Partners India. It is the first AI startup to gain a billion-dollar valuation, a mere month after announcing its first large language model (LLM).

The Delhi Police's Economic Offences Wing has summoned BharatPe co-founder Ashneer Grover and his wife Madhuri Jain for questioning in connection with an alleged Rs 81-crore fraud at the fintech unicorn, police sources said on Friday.

E-commerce platform Zepto, which has turned unicorn recently, has emerged as the top startup in India in terms of professionals' preferred workplace, according to a list by a top recruiting platform.

Blinkit, the instant product delivery platform, will now also deliver the new iPhone 15 to users in just 10 minutes. The firm has partnered with Apple premium reseller Unicorn to offer the service. However, the iPhone 15 delivery service is currently limited to Delhi NCR, Mumbai and Pune only. 

Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year.

India's success with innovation, entrepreneurship, electronics manufacturing as well as its digital clout is just the "tip" of a massive growth opportunity before the country, and the nation has the ability to scale to one lakh unicorns and almost 10-20 lakh (1-2 million) startups in future.

Netflix has finally dropped a trailer for Lust Stories 2, showcasing multiple shades of lust across age groups and classes, and their perspective towards the taboo subject. The anthology is helmed by Amit Ravindernath Sharma, R Balki, Konkona Sen Sharma, and Sujoy Ghosh. In one of them, Vijay Varma's character is seen breaking into the house of his...

India overtook China by adding 23 unicorns in 2022 while the neighbouring country created 11 such startups with valuation of USD 1 billion or more, according to a report released on Wednesday.

PM Modi highlighted that enrolment of women in the fields of engineering, science, technology and maths in the country today was 42 per cent.

Apple Watch Series 8, launched by the company in September last year, is currently available for purchase at a discount of up to Rs. 20,900 during the ongoing Unicorn Apple Fest. The smartwatch made its debut in India priced at Rs. 45,900 in September 2022.

EdTech unicorn PhysicsWallah's founder and CEO Alakh Pandey married his fiancee Shivani Dubey on Wednesday, February 22. The wedding was an intimate affair with only family and close friends in attendance.

'Unicorn' is a term coined by a US American venture capitalist in the American context and India would do better by celebrating 'Indicorns', entrepreneur and investor Kunal Bahl has said.

Edtech unicorn PhysicsWallah said on Friday it has raised USD 210 million in a funding round led by Hornbill Capital at a 2.5 times higher valuation of USD 2.8 billion.

Indians have founded more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India, according to the Global Unicorn Index 2024, a ranking of the world's start-ups founded in the 2000s.

The number of unicorns -- companies worth over USD 1 billion -- in the country has declined for the first time in four years to 67, a report said on Tuesday.

Krutrim has gained unicorn status as the AI startup founded by serial entrepreneur Bhavish Aggarwal secured $50 million in funding from investors including Matrix Partners India. It is the first AI startup to gain a billion-dollar valuation, a mere month after announcing its first large language model (LLM).

The Delhi Police's Economic Offences Wing has summoned BharatPe co-founder Ashneer Grover and his wife Madhuri Jain for questioning in connection with an alleged Rs 81-crore fraud at the fintech unicorn, police sources said on Friday.

E-commerce platform Zepto, which has turned unicorn recently, has emerged as the top startup in India in terms of professionals' preferred workplace, according to a list by a top recruiting platform.

Blinkit, the instant product delivery platform, will now also deliver the new iPhone 15 to users in just 10 minutes. The firm has partnered with Apple premium reseller Unicorn to offer the service. However, the iPhone 15 delivery service is currently limited to Delhi NCR, Mumbai and Pune only. 

Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year.

India's success with innovation, entrepreneurship, electronics manufacturing as well as its digital clout is just the "tip" of a massive growth opportunity before the country, and the nation has the ability to scale to one lakh unicorns and almost 10-20 lakh (1-2 million) startups in future.

Netflix has finally dropped a trailer for Lust Stories 2, showcasing multiple shades of lust across age groups and classes, and their perspective towards the taboo subject. The anthology is helmed by Amit Ravindernath Sharma, R Balki, Konkona Sen Sharma, and Sujoy Ghosh. In one of them, Vijay Varma's character is seen breaking into the house of his...

India overtook China by adding 23 unicorns in 2022 while the neighbouring country created 11 such startups with valuation of USD 1 billion or more, according to a report released on Wednesday.

PM Modi highlighted that enrolment of women in the fields of engineering, science, technology and maths in the country today was 42 per cent.

Apple Watch Series 8, launched by the company in September last year, is currently available for purchase at a discount of up to Rs. 20,900 during the ongoing Unicorn Apple Fest. The smartwatch made its debut in India priced at Rs. 45,900 in September 2022.

EdTech unicorn PhysicsWallah's founder and CEO Alakh Pandey married his fiancee Shivani Dubey on Wednesday, February 22. The wedding was an intimate affair with only family and close friends in attendance.