‘100 unicorns with market cap of $240 bn, ecosystem ripe for more’

While start-up ecosystem in India and innovation throughout sectors has resulted right into a surge in variety of unicorns to 100 with a mixed market capitalisation of $240 billion, a report by Credit Suisse factors that the rise of economic know-how (fintech) firms in India and availability of threat capital augurs effectively for the ecosystem as start-ups now account for 10 per cent of latest firms fashioned yearly.
As per the report, if surge in personal fairness is a giant enabler for the event of the start-up ecosystem, bodily entry enabled by enhancing web, smartphone entry, roads and electrification and leap in monetary penetration are additionally enjoying a key function.
Speaking on the twenty fourth Credit Suisse Asian Investment Conference, Neelkanth Mishra, co-head of fairness technique, Asia Pacific and India fairness strategist at Credit Suisse, mentioned formalisation and acceleration of digital adoption has benefitted unicorns and modern corporations are sprouting up in new sectors and are gaining scale on the again of digital public infra and partnerships. Mishra mentioned, “Having acquired a user base of over 150 million users, fintech players have even started offering small-ticket personal loans or short-term credit to monetise their user base.”