New Delhi [India], India, is home to 30 future FinTech Unicorns, with consumer lending emerging as the dominant sub-category, making up more than half of the future FinTech Unicorns, as observed in the ASK Private Wealth Hurun India Future Unicorn Index 2024.
The total value of India's future unicorns will amount to $58 billion, an increase of 1.2 percent compared to last year. The Fintech sector leads with the largest number of companies that can become Unicorns in the future.
The fintech startups featured in this year's report have collectively raised $5.7 billion in investment. FinTech occupies a strong position and controls a substantial part of the total value of future Unicorns, totaling $11.4 billion or 20 percent of the total value.
Money View stands out as the most valuable FinTech Gazelle, while JusPay takes the lead as the most valuable FinTech Cheetah.
The report defines the startup Unicorn, which existed after the year 2000, with a valuation of one billion dollars. Startups in the Gazelles category are those that are likely to become Unicorns in the next three years, while startups in the Cheetahs category could become Unicorns in the next five years.
SaaS ranked as the second largest sector, with a count of 20 future Unicorns. SaaS startups collectively raised a substantial investment of $2.1 billion, reflecting investor confidence and support in the growth and potential of this sector.
MoEngage emerges as the most valuable Gazelle SaaS, while Lentra takes the lead as the most valuable Cheetah SaaS, according to the report.
The e-commerce sector recorded a significant tally of 15 future Unicorns, worth a total of $6 billion. E-commerce startups have collectively raised $2.4 billion in investment.
InsuranceDekho and Medikabazaar emerged as the most valuable e-commerce Gazelles, while Jumbotail takes the lead as the most valuable.
valuable Cheetah e-commerce, according to the report.
Artificial intelligence, the sector that has attracted the most attention from investors in the startup sector, has the potential to produce 11 future Unicorns, according to the report. The cumulative value of future AI Unicorns amounts to $4.4 billion, representing approximately 8 percent of the total value of all future Unicorns.
In the AI sector, Observe.AI is the most valuable Gazelle AI, while Locus is the most valuable Cheetah AI.
The Edtech sector will have 11 future Unicorns and has secured the fifth position in the ecosystem. In the Edtech sector, Leap Scholar emerged as the most valuable Edtech Gazelle, while Cuemath earned the valuable EdTech Cheetah status in the report.
The total value of India's future unicorns will amount to $58 billion, an increase of 1.2 percent compared to last year. The Fintech sector leads with the largest number of companies that can become Unicorns in the future.
The fintech startups featured in this year's report have collectively raised $5.7 billion in investment. FinTech occupies a strong position and controls a substantial part of the total value of future Unicorns, totaling $11.4 billion or 20 percent of the total value.
Money View stands out as the most valuable FinTech Gazelle, while JusPay takes the lead as the most valuable FinTech Cheetah.
The report defines the startup Unicorn, which existed after the year 2000, with a valuation of one billion dollars. Startups in the Gazelles category are those that are likely to become Unicorns in the next three years, while startups in the Cheetahs category could become Unicorns in the next five years.
SaaS ranked as the second largest sector, with a count of 20 future Unicorns. SaaS startups collectively raised a substantial investment of $2.1 billion, reflecting investor confidence and support in the growth and potential of this sector.
MoEngage emerges as the most valuable Gazelle SaaS, while Lentra takes the lead as the most valuable Cheetah SaaS, according to the report.
The e-commerce sector recorded a significant tally of 15 future Unicorns, worth a total of $6 billion. E-commerce startups have collectively raised $2.4 billion in investment.
InsuranceDekho and Medikabazaar emerged as the most valuable e-commerce Gazelles, while Jumbotail takes the lead as the most valuable.
valuable Cheetah e-commerce, according to the report.
Artificial intelligence, the sector that has attracted the most attention from investors in the startup sector, has the potential to produce 11 future Unicorns, according to the report. The cumulative value of future AI Unicorns amounts to $4.4 billion, representing approximately 8 percent of the total value of all future Unicorns.
In the AI sector, Observe.AI is the most valuable Gazelle AI, while Locus is the most valuable Cheetah AI.
The Edtech sector will have 11 future Unicorns and has secured the fifth position in the ecosystem. In the Edtech sector, Leap Scholar emerged as the most valuable Edtech Gazelle, while Cuemath earned the valuable EdTech Cheetah status in the report.
