Profitable Indian unicorns to grow from 30 in FY22 to 55 in FY27: Report

The number of profitable Indian unicorns will grow from 30 in Financial Year 2021-22 (FY22) to an estimated 55 in FY27 as companies save costs and focus on earning money, a report has said.

The total loss made by unicorns is expected to reduce from $7.1 billion to $1.9 billion in the same period, according to an analysis of 100 such companies by Redseer Strategy Consultants. A unicorn is a privately held start-up valued at over $1 billion.

As many as 50 per cent of unicorns are expected to become profitable by FY27, as 20 per cent of them struggle due to regulatory challenges, reduced, and unclear business models.