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Boom time: 31 and counting, happy hour for India's unicorn club

The great unicorn rush, that started with Digit Insurance this year, has covered diverse sectors from fintech to e-shopping and even cloud kitchen

Indian companies
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Illustration: Ajay Mohanty

Shivani Shinde Mumbai
India has produced more than three unicorns a month, on average, this year with the tally reaching 31 already. At this pace, 2021 could end with around 40 unicorns.
 
The great unicorn rush, that started with Digit Insurance this year, has covered diverse sectors from fintech to e-shopping and even cloud kitchen. On Thursday, Rebel Foods, which operates a network of cloud kitchen brands such as Fasoos and Behrouz Biryani, became the first to enter the unicorn club from the niche category that found its place during the pandemic.
 
What triggered the unicorn rush during 2021 really? While

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