(Amit Ratanpal is the founder and MD of BLinC Invest. The column was first published in Mint on October 1, 2021)
- India currently stands third in the global list of the number of companies that have attained unicorn status. While fintech and e-commerce companies have led this phenomenon and remained at the forefront of establishing the unicorn ecosystem, other sectors such as edtech, food delivery and mobility have also made significant contributions. The year 2021 has witnessed the emergence of 28 new unicorns till date, averaging three unicorns per month and the number includes 10 new unicorns in the edtech and fintech sectors, equivalent to the past three years combined.