By 2025, India Will Have Up To 54 'Tech Unicorns'
Viswamitra Jayavant - Aug 28, 2019
According to a report published by Fosun RZ Capital, by 2025 India can have within its portfolio up to 54 'Tech Unicorns' due to rapid growth.
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At the fast rate that India’s economy has been growing recently, the average time for a company to reach a Unicorn status in the country has gone down. By 2025, at least 54 companies will grow to Unicorn status, according to a recent report.
The 54 Unicorns
Out of the 54 Unicorns listed, 10 will come from the e-commerce, business-to-business segment. Next are companies in the payments and content/social market, with 8 from the listed companies being part of it. Thirdly, the three segments of mobility, education, and logistics, each will five in their names. The last place belongs to the nascent food delivery market, with three companies to its name. This market is relatively new and has only come into existence as well as witnessing a surge in popularity following advancement in technology that allows for instantaneous ordering of foodstuffs.

The report was written and published by Fosun RZ Capital, which is a venture branch of the major Chinese conglomerate Fosun.
Great Potentials
Last year, India has already had an impressive 18 Unicorns in the country’s portfolio valuing at over $1 billion each. From 2017 to 2018, the total valuations of the country’s Unicorns almost doubled from $38 billion in 2017 to $71 billion in 2018.
The most promising venture for India’s market at the moment is the e-commerce segment, which is holding an untold amount of potentials. The overall retail market has just seen a 5% penetration by Indian e-commerce. Meanwhile, Chinese e-commerce has a major portion of this segment, accounting for 20% of the overall retail market.

According to the measurements made by Fosun RZ Capital, India currently is the ‘startup capital’ of the world with the highest number of active venture capitalists (Over 100). The country saw a total of 21 CV investments made by China last year.
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