India’s unicorn tally touches 50, MindTickle the latest entrant

With 16 start-ups gaining unicorn status in 2021, India’s tally has touched the 50 mark.

The newest entrants to this list include Pune-based MindTickle, which is close to finalising a $100-million funding round from Softbank’s Vision Fund 2, taking the company’s valuation to $1.1 billion.

Last year, Softbank had invested $100 million in the company at a valuation of $500 million.

“MindTickle was looking to raise funds and Softbank did not want to let go of the chance and, hence, they are reinvesting in them,” said a source close to the development. When contacted, a Softbank spokesperson declined to comment.

Softbank has again started investing big in the Indian start-up and e-commerce segment. It invested in social commerce platform Meesho and Firstcry.