In 2022, India became the 3rd largest economy and crossed 100 unicorn status.🦄
A 🧵on India Unicorns & Exits Tech Report 2022 by Orion Venture Partners.
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A 🧵on India Unicorns & Exits Tech Report 2022 by Orion Venture Partners.
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After a record-breaking 2021, startup funding declined ⬇️ by 30% in 2022
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While 2021 saw the highest number of unicorns 🚀 in history with 47 unicorns, 2022 followed 🥈with 24 unicorns.
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India 🎖️ overtook the UK to become 3rd highest unicorn-hosting country in the world with 115 unicorns in 2022.
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The average year for startups to convert into unicorns was 7.9 years in 2022. Molbio Diagnostic & Fractal Analytics were exceptions in 2022 as they took 22 & 21 years respectively to get unicorn status. 🐢
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Bangalore emerged as the 7th largest unicorn hub 🏆 in the world.
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11 unicorn IPOs were issued in 2021 as compared to 4 startup IPOs in 2022.
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Biggest startup acquisition in 2022 💰
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@Flipkart became a Decacorn 🌟 in 2018. India has 5 Decacorns, and the food delivery app, @Swiggy is the latest one.
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