ASK Private Wealth Hurun India’s report showed that India will have around 30 unicorns in the fintech sector in the future. Consumer lending forms will lead the subcategory, with more than half of these 30 unicorns belonging to this category. India’s future unicorns will be worth $50 billion, 1.2 percent more than last year. Fintech unicorns will lead the list and contribute the most across other sectors.
This year, the fintech startups secured an investment of $5.7 billion and are predicted to have 20 percent of the total value of future unicorns at $11.4 billion. Money View was the most valuable, high-growth company, with revenue increased by more than 20 percent. Juspay was the most valuable Fintech Cheetah. Gazelle companies, like Money View, are predicted to become unicorns in three years, while Cheetah startups are likely to become unicorns in five years.
SaaS startups are the next on the list, with 20 future unicorns coming from this sector. These startups raised an investment of $2.1 billion, highlighting this sector’s market potential and growth. MoEngage was listed as the most valuable SaaS Gazelle, and Lentra was the most valuable SaaS cheetah. The e-commerce sector had 15 future unicorns for a total value of $6 billion. The e-commerce startups raised a total investment of $2.4 billion. Medikabazzar and InsuranceDekho emerged as the most valuable e-commerce Gazelles, followed by Jumbotail, the most beneficial e-commerce Cheetah.
The artificial intelligence sector has been growing rapidly over the past few years, and it has entered the list with 11 future unicorns under its wing. The total value of these AI future unicorns is around $4.4 billion, which accounts for 8 percent of the total value of future unicorns. Observe.AI and Locus are the most valuable AI Gazelle and AI cheetahs, respectively. The Edtech sector followed in fifth place with 11
Future unicorns include Leap Scholar as the most valuable Edtech Gazelle and Cuemath as the most valuable Edtech Cheetah.
Conclusion
Hurun 2024 index shows that the Fintech unicorns will lead the list and contribute the most across other sectors. This sector will account for 50 billion USD, 1.2 percent more than last year. The consumer lending forms will lead the subcategory, with more than half of these 30 unicorns belonging to this category. This year, the fintech startups secured an investment of $5.7 billion and are predicted to have 20 percent of the total value of future unicorns at $11.4 billion.
SaaS startups are the next on the list, with 20 future unicorns coming from this sector. The second on the list are e-commerce startups that raised a total investment of $2.4 billion. Medikabazzar and InsuranceDekho emerged as the most valuable e-commerce Gazelles, followed by Jumbotail, the most beneficial e-commerce Cheetah. The artificial intelligence sector has been growing rapidly over the past few years, and it has entered the list with 11 future unicorns under its wing. The fifth on the list is the Edtech sector, which is fifth on the list with 11 future unicorns.
