In 2021 startup gold rush, unicorn sightings peak

BENGALURU: Unicorns are supposed to be rare. Maybe non-existent. But in India’s startup world, they suddenly seem to be everywhere. Last week was an unprecedented one for India’s internet economy with half a dozen startups reaching unicorn status in that short period.

These companies are among the 10 unicorns created within the first 100 days of this year, itself a record considering all of 2020 saw 11 startups valued at $1 billion or more. At least two or three more startups are expected to turn unicorns in the coming weeks, which will take the tally to over a dozen for the year.