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Indian startups typically take a median of 7 years from incorporation to achieve unicorn status, (valuation of $1 billion or more). However, growth trajectories can vary widely across companies. 🔹For instance, Ananth Narayanan-led Mensa Brands became a unicorn in just 6 months, while Five Star Business Finance took almost three decades to reach the same milestone. 🔹The overall median time to hit unicorn status has dramatically decreased in recent years. For Indian startups founded after 2020, the median time is just 1 year, compared to 26 years for companies established before 2000. 🔹This acceleration is largely driven by companies like Mensa Brands and Krutrim, which achieved unicorn status in under a year. 🔹A lot of this acceleration is also dependent on the industry these startups operate in. For example: Deeptech and SaaS startups have historically taken the longest to achieve unicorn status, with median times ranging over 10 years. 🔹On the other hand, Web3 startups have the shortest median time, reaching unicorn status in just 3 years. 🔹This analysis is based on 114 Indian unicorns identified by PrivateCircle as of September 4, 2024. This identification was done based on our own research and media announcements. Read more: https://lnkd.in/dkxwxR9p Found this useful? You can also do a similar analysis by signing up on PrivateCircle Research (link in caption). Follow us for more such data-backed insights and analysis. #PrivateCircle #data #startups #unicorns #IndianUnicorns #India 

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P Ashokkumar (PASH)

Transformation Partner || P&L / Cost Centre Management || Asia Pacific / Europe || IICA Certified NED & Startup Board Member || IoD Fellow / TiE Charter / ICMCI Member || ICF PCC / EMCC EIA Senior Practitioner ||

1w

It is incredible to see the speed at which Indian startups are reaching unicorn status! The ecosystem's innovation, resilience, and strategic scaling are driving growth. I am excited to witness this evolution and the global impact of India's startup landscape. Keep pushing boundaries, entrepreneurs! #IndianStartups #UnicornJourney #Innovation #Entrepreneurship #StartupEcosystem

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