The Bengaluru-based startup, Crypto platform CoinSwitch Kuber announced that after onboarding 1 crore users on its platform and garnering $260-million Series C funding from Andreessen Horowitz (a16z) and Coinbase Ventures, it is now valued at $1.9bn.
CoinSwitch Kuber turns unicorn with $1.9 bn valuation.
The Bengaluru-based startup, Crypto platform CoinSwitch Kuber announced that after onboarding 1 crore users on its platform and garnering $260-million Series C funding from Andreessen Horowitz (a16z) and Coinbase Ventures, it is now valued at $1.9bn.
CoinSwitch Kuber turns unicorn with $1.9 bn valuation
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Kuber Poojan Vidhi.
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India - world's 3rd largest unicorn
Number of Unicorns in the USA and China is at 396 and 277 respectively while India follows at number three with 51 unicorns. UK is number 4 position with 32 unicorns and Germany at 5th spot with 18. The Hurun Research Institute released the report ,Hurun India Future Unicorn List 2021, and ranked of India’s start-ups founded in the 2000s, worth at least $200mn, not yet listed on a public exchange and most likely to ‘go unicorn’ within 2 years (Gazelles) or 4 years (Cheetahs). India is the third-largest unicorn ecosystem in the world with 51 startups that are valued at $1 billion or above. The USA is the world's largest unicorn ecosystem with 396 unicorns, followed by China with 277 unicorns. Over the last year, India added three unicorns every month on an average, Hurun said. India’s future unicorns are worth $36 billion, which is equivalent to one-third of Delhi’s GDP at current prices.
With 18 startups on the list, fintech contributed the most number of companies, followed by e-commerce (17), SaaS (7), shared economy (6), gaming, artificial intelligence, logistics and healthtech with 4 companies each, and 3 each for media and entertainment, edtech and consumer goods. When it comes to cities, Bengaluru contributed the most number of companies at 31, followed by Mumbai 13, Gurugram 12, Delhi 5 and Noida 5. Zilingo, Mamaearth, MobiKwik, Ecom Express, Acko General Insurance are the top-most companies on the Hurun unicorn list that are run by women. Sequoia has invested in the most number of companies on the list at 37, including Zilingo, Mobile Premier League, Rebel Foods, Mamaearth, followed by Tiger Global Management at 18, including GreyOrange, Vedantu, Apna. InnoVen Capital has invested in 17 companies, Accel in 13 companies and Trifecta Capital Advisors in 12 companies. The year 2021 also registered start-up IPOs and IPOs present exit oppor
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#Mobikwik, which is ready to come out with an initial public offering #IPO turned into an unicorn after a secondary employee stock option plan (ESOP) sale round led by former #Blackstone India head Matthew Cyriac.
Ahead of going public MobiKwik turns Unicorn
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