By Vivek Dubey
CNBC-TV18.com
Published June 20, 2024
FinTech tops the list with 30 future unicorns, valuing at $11.4bn. Consumer lending leads, with Money View and JusPay being the top Gazelle and Cheetah respectively.
The SaaS sector holds 20 future unicorns, valued at $7.6bn. Key players include MoEngage as the top Gazelle, with Lentra, Multiplier, and FarEye as leading Cheetahs.
E-commerce features 15 future unicorns, valued at $5.9bn. InsuranceDekho and Medikabazaar are top Gazelles, with Jumbotail leading as most valuable Cheetah.
AI sector boasts 11 future unicorns, worth $4.4bn. Notable names are Observe.AI as the top Gazelle and Locus as the leading Cheetah, reflecting AI's rising potential.
EdTech also has 11 future unicorns, valued at $4.9bn. Leap Scholar stands out as the top Gazelle, while Cuemath leads as the most valuable Cheetah, highlighting strong growth.
HealthTech features 8 future unicorns with a value of $2.5bn. This sector remains critical with steady growth, reflecting the increasing importance of health innovations.
AgriTech includes 7 future unicorns, collectively valued at $3.2bn. This sector’s growth underscores the significance of technological advancements in agriculture.
Consumer Goods sector holds 7 future unicorns, valued at $2.1bn. This sector remains a consistent contributor to the start-up ecosystem with notable potential.
The Shared Economy sector lists 5 future unicorns, worth $2.1bn. This sector maintains stability, reflecting continued interest in shared services and platforms.
Media & Entertainment sector joins the top 10 with 5 future unicorns, valued at $1.9bn. New entries highlight this sector's growing influence and innovation.
Though not in the top 10, SpaceTech shows promise with 3 future unicorns. This emerging sector reflects India's expanding ambitions in space exploration and technology.
Source: ASK Private Wealth Hurun India Future Unicorn Index 2024