Indian startups are becoming unicorns faster than before

Indian startups are reaching the aspirational unicorn status much faster than before. Over the last decade, the average time an Indian startup took to become a unicorn was eight years, according to the Indian Tech Unicorn Report 2020 by Orios Venture Partners. In comparison, older tech firms such as jobs portal Naukri.com (founded in April 1997) and travel company MakeMyTrip (April 2000) took more than 14 years each to achieve unicorn status while e-tailer Flipkart (October 2007), insurance aggregator Policy Bazaar (June 2008), and restaurant discovery and delivery platform Zomato (July 2008) took an average of 8.7 years.