CHASING UNICORNS
When Aileen Lee coined the term Unicorn for startups or unlisted companies that achieved a USD1bn valuation, I'm certain she was drawing attention to the rarity of such an achievement. However, they do not seem to be as rare as this accolade suggests. India got its first unicorn – InMobi – in 2011, added a record-breaking number of 45 unicorns in 2021 and reached a peak of 115 by June 2024, as per Inc42's India's Unicorn Club tracker.
However, this list accounts for companies that were minted unicorns following fundraises at valuations above USD one bn but likely doesn't take stock of their current status. As per the Hurun Global Unicorn Index 2024, the total number of Unicorns is 67, which means that the extant number of unicorns are 47 startups lower than the peak count. As per Tracxn, 16 unicorns are either acquired or gone IPO. That leaves us with 31 startups that have lost their unicorn status.
هذه القصة مأخوذة من طبعة October 2024 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2024 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Can't Turn Off Your Mind? AI Can Be An After-hours Professional Coach
AI is now the go-to-tool that helps you connect the dots in life. From learning a new language, to expanding on your professional development skills, AI can help support you with almost whatever you need.
Your Next Assistant May Be a Bot
For decades, we've been waiting for technology that can handle tedious, time-consuming tasks for us. Finally, we're on the verge of getting it.
HOW NIRANJAN HIRANANDANI CREATED THE 'REAL' ESTATE BUSINESS
Real estate was an accidental choice, ultimately I got into the world of business and then realised it's not just a cakewalk, says Niranjan Hiranandani, founder & chairman- Hiranandani Group
Why Govt Needs To Include Indigenous Large Firms In Chip Designing
Large indigenous chip design companies can achieve better economies of scale that would give an edge with respect to the cost competitiveness of chips
India's Ambition Of Becoming Global Hub In Aircraft Manufacturing Needs Minimum 20 Years: Experts
Better late than never. India's aviation history in manufacturing dates back to the 1940s: Hindustan Aeronautics Limited (HAL) began manufacturing aircraft in 1942 for Indian Air Force (IAF).
CHARACTERISTICS OF RESILIENT LEADERSHIP
From the race to embrace artificial intelligence (AI) to ever-mounting geopolitical concerns, the challenges faced by the CEOs of today are vast and complex. Alongside these external pressures, internal challenges such as upskilling the workforce and hybrid working are pushing CEOs to be agile and adaptable in their stakeholder management while also keeping an eye on long-term growth
PM E-DRIVE SCHEME
A GAME-CHANGER FOR ELECTRIC MOBILITY IN INDIA
The Quest for Unicorns
\"WHILE ACCURATE DATA IS DIFFICULT TO COME BY, VARIOUS ESTIMATES REVEAL THAT ABOUT 80 PER CENT OF UNICORNS ARE LOSS-MAKING.\"
India's Long-Term Goals for the Manufacturing Sector
\"MORE THAN 17 PER CENT OF THE COUNTRY'S GDP EMANATING FROM MANUFACTURING IS PROJECTED TO PROPEL MOST OF THIS GROWTH.\"
Lessons from a Seasoned Entrepreneur
From as early age, I've wanted to start something from scratch. Entrepreneurship is like a bug that bites you once, and the side effects stay forever. Despite the failures, naysayers, and selfdoubt, you can't help but give in to the voice that says, \"do it.\"
