India to have 60,000 start-ups, 100 unicorns of over $1 billion valuation by 2025: TiE

India is expected to have 60,000 start-ups and 100 companies with valuation of over USD 1 billion by 2025, a TiE Global report, in association with Zinnov, released on Wednesday said.

The report observed that business recovery of start-ups is back on track after the lockdown. However, 12-15 per cent of start-ups are facing risk of survival and a similar percentage of start-ups have closed their business.

“Despite being in the biggest pandemic we have had, India is going to create same numbers of unicorn in 2020 as we did in 2018 and 2019, which is a testament of our strong ecosystem,” TiE Delhi-NCR president Rajan Anandan said while sharing the findings of the report.

“We do believe that India is on track to have 60,000 start-up by 2025. We are well on track to have 100 unicorns in India by 2025,” he added.