In 2021, the Indian startup ecosystem witnessed the
formation of around four unicorns every month. Total start-up funding surged
three fold to $39 billion, and 42 startups achieved the unicorn status. When a
startup is valued at over $1 billion, it achieves the unicorn status.
According
to the 4th edition of the PGA Labs Soonicorns List, the same streak is likely
to continue in 2022. As of Oct-Dec 2021, India has at least 15 FinTechs that
can enter the Unicorn club. Here’s the list, collated by PGA Labs for ETBFSI.
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