54 companies back by Venture Catalysts surpasses $50 million valuation
Venture Catalysts expanded significantly, hosting over 33 soonicorns and over 100 minicorns.
Venture Catalysts expanded significantly, hosting over 33 soonicorns and over 100 minicorns.
Only two startups in India, Shiprocket and OneCard, attained unicorn status (valuation $1 billion and above) in the July-September period. Globally, the third quarter (Q3) produced 20 unicorns and 45 per cent of them were from the software-as-a-service (SaaS) segment. No new decacorns were added in this quarter.
Even as concerns get raised about the Chinese play in Indian startups, the report said that only one investor from the country's northern neighbour Tencent Holdings features among the top unicorn backers.
