Welcome you to the ninth edition of Devmantra Times for the month of November 2021.
Unicorns boom in India in the year 2021
A 2020 NASSCOM – Zinnov Report predicted that with investments in start-ups expected to recover in 2021 (post the slump in 2020 due to Covid-19), India would add at least 9-11 unicorns in calendar year 2021. Nine months into 2021, India has already added 28 unicorns this year, taking the total number of unicorns in India to over 65. Of the 28 unicorns added this year, Fintech has contributed the highest number of unicorns by industry, closely followed by the e-Commerce, SaaS and marketplace segments.
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