![]() ![]() Since its entry into the South Asian nation almost 15 years ago, 2021 has turned out to be perhaps the most eventful year for the New York-headquartered hedge fund. One of its portfolio companies, logistics firm BlackBuck also became a unicorn, although Tiger didn’t chip in during the follow-on round. This is nearly half of all the companies that joined the billion-dollar club in 2021. Tiger Global has turned 18 startups into unicorns, often leading the funding rounds. KrASIA looked at these unicorn-hunters-the VCs that turned the most numbers of Indian startups into billion-dollar companies this year-and their investment theses. It is these bigwigs of the VC world that fueled the funding deluge in the world’s third-largest startup ecosystem. Among the investor community that pumped over USD 30 billion into the country so far this year, a few stand out with their ability to churn out unicorns. As we write this piece, 40 unicorns have been created in India in the first 11 months this year, and the number is expected to climb. The local startup community sizzled throughout the year as unicorns kept popping up, one after another, on the back of fat checks and expensive valuations. But there was also mounting pressure to perform, justify valuations, become profitable, and offer good exits. For Indian startup entrepreneurs, it’s the year that brought unprecedented amounts of capital, investor interest, growth opportunities, and IPO ambitions. ![]()
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January 2023
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