2018 saw a whole new breed of Indian startup unicorns emerge
19 Dec 2018 1:04 AM GMT
The average time taken by a Indian startup to achieve $1-billion valuation has come down.
- On Dec. 17, ed-tech startup Byju’s said it has raised $540 million at a reported valuation of $3.6 billion.
- The company is backed by some well-known investors including Tencent, Sequoia Capital, Lightspeed Venture Partners, and South Africa’s Naspers Ventures.
- In February this year, the 10-year-old food tech company became a unicorn when it raised $200 million at a valuation of $1.1 billion.
- The funding gave the company the boost to implement its global expansion plans outside India into China, west Asia, and other markets.
- OYO plans to expand its presence in south-east Asia and sees west Asia and parts of Europe as potential new markets.
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