Sequoia Tops Indian Startup VC Charts In 2020 Amid Massive Unicorn Run
India, Dec. 30 -- Despite the pandemic and the lockdown, the growth of Indian startups remained unfettered in 2020. The ecosystem grew up to be the third largest startup ecosystem in the world, with a new startup entering the unicorn club practically every month. According to Inc42 Plus estimates, there are currently 38,815 active startups in India, of which 1,050 were launched this year.
The Indian startup ecosystem has also grown to a group of 42 unicorns, with many firsts like vernacular content-focused Dailyhunt, vertical SaaS startup Zenoti, car marketplace Cars24 and many more. In terms of unicorn creation, 2020 was the best year for startups with 11 new startups joining the $1 Bn+ valuation club. So overall it was a good year for ...
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