The problem with predicting future Indian unicorns based on past valuations

Ranjan Crasta

7 reads

Ranjan Crasta

7 reads

Hurun Research Institute's future unicorn index makes for reassuring reading in the ongoing funding winter, identifying 147 Indian startups as potential unicorns within the next five years. It may, however, be out of touch with today’s realities.

June 30, 2023

4 MINS READ

For Indian startups, which have had to buckle down to survive the current funding crunch, the Hurun Research Institute’s annual ASK Private Wealth Hurun India Future Unicorn Index 2023, which was released earlier this week, likely made for hopeful reading.

Despite the capital markets slowing down and the resulting ‘funding winter’, the report projects that 147 Indian startups could become unicorns in the next five years. These future unicorns are currently worth $57 billion, with e-commerce, fintech, and software as a service (SaaS) startups accounting for 42% of the list. The next hottest sectors are healthtech and AI.

Read this article for free

Sign in using

Or

Sign in using your email

Don't have an account?

Forgot Password?

By signing up for The CapTable you agree to the

and

of the platform.

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.