45-odd Indian start-ups hold promise of entering unicorn club this year

SOONICORN STATUS: By 2025, India expects to add 95 new tech unicorns

India’s unicorn run is far from losing stream. The country, which added over 40 unicorns to its growing kitty in 2021, is looking at another 45 or so start-ups that have the potential to achieve $1-billion-plus valuation (the threshold to be called unicorn) in the near future. This is according to a report by business research and market intelligence firm PGA Labs, a unit of consulting firm Praxis Global Alliance.

The firm comes out with a quarterly report on India’s “soonicorn” — soon-to-be-unicorn — landscape. This is the fourth edition of its soonicorn list. PGA Labs did a quarterly analysis (October-December