CRED founder Kunal Shah has topped the list of entrepreneurs who have made the most individual investments in startups in the last one year. Shah, with investments in nine start-ups, leads the Hurun India Rich List of entrepreneurs who have invested in unicorns in the future, followed by Binny Bansal (5) and Ratan Tata (4).
Infosys co-founders Nandan Nilekani (3), NR Narayana Murthy (2) and Kris Gopalakrishnan (1) are others who have invested in the start-up.
This is the first such list by the Hurun Research Institute, which provides a ranking of India’s start-ups founded in the 2000s, valued at at least $200 million, that are not yet listed on a public exchange and have been around for two years. There is likely to be a ‘Go Unicorn’ within. ) or four years (cheetah). The cut off date was 31st August 2021.
The Future Unicorn List 2021 features Zilingo, Mobile Premier League and Rebel Foods in the top three. With 31 on the list, Bengaluru is the start-up capital of India, followed by Mumbai and Gurugram.
women entrepreneurs
Encouragingly, 12 start-ups on this list are co-founded by women entrepreneurs, including Ankiti Bose (Zilingo), Ghazal Alagh (Mamaearth), Upasana Taku (MobiKwik), Manju Dhawan (Ecom Express) and Ruchi Deepak (Eco General). insurance). .
Anas Rehman Junaid, MD and Chief Researcher, Hurun India said, “India is the third largest unicorn ecosystem in the world and the number of gazelles and cheetahs is increasing rapidly in India. In the last one year, India added three unicorns every month.”
revenue growth
Twenty-eight start-ups on the list more than doubled their revenues compared to the previous year. E-commerce Gazelle Spinny’s revenue grew 92 times from ₹19 lakh in FY19 to ₹18 crore in FY20 by 92 times. E-commerce Cheetah DealShare and fintech Gazelle Navi Technologies grew revenue by 19x and 16x, respectively. With an investment of $580 million, Navi Technologies is the most funded Gazelle in India, followed by Ecom Express ($490 million). With 37 investments, Sequoia is the leading investor on the list, followed by Tiger Global Management with 18.
The average age of Indian start-up founders on the list is 39. The list includes 11 start-up founders under the age of 30. The youngest start-up founders are Dilsher Singh (25) and Siddhant Saurabh (25) of the gaming gazelle Zoopy. The oldest start-up in the list is co-founder Ecom Express’ K Satyanarayana (60). Fifteen start-up co-founders are over the age of 50.
Junaid said, “Although the Indian start-up ecosystem is growing, some start-ups that reach a certain scale migrate from India in search of better regulatory incentives and risk capital availability.” He pointed out that some of the best enterprise SaaS companies are born in India, but have “flipped” in the US. This is a lost opportunity for India and it is important that these start-ups are encouraged to stay back,” he said.
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