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Algo rhythm: Investors take a shine to India's tech startup, says report

Six unicorns have filed for IPOs, of which Zomato got listed

tech startups
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Total unicorns as of June 2021 – 53; 15 added in H1 and 11 Q2, 2021

Shivani Shinde
India’s startup growth story racked up impressive numbers in the second quarter of 2021 (April-June). Apart from being the most funded quarter, it also saw the addition of the most number of unicorns. This report has been developed by Nasscom and PGA Labs to understand India’s tech startup landscape.

Unicorn ecosystem
  • Total unicorns as of June 2021 – 53; 15 added in H1 and 11 Q2, 2021
  • Tiger Global invested in 64% of the unicorns in Q2 2021
  • CRED turned unicorn within just 29 months of its inception
  • 6 unicorns have filed for IPOs, of which Zomato got listed
  • More than 50% of funding was

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