Indian Startups Take 5 Yrs To Scale From Zero To $100 Mn Revenue: Report
The Indian startups are now taking around five years' time to scale from zero to $100 million in revenue, a report showed on Thursday.
With the ecosystem maturing in the last decade, the time taken to reach the $100 million mark has decreased significantly.
What took 18 years in 2000 to reach $100 million revenue has come down to five years, according to data by Redseer Strategy Consultants.
There are about 100 unicorns and 170 soonicorns in India. Of these 270 shining stars, 40+ startups in FinTech, eCommerce, and logistics have crossed $100 million revenue as of FY22.
"These startups have taken anywhere from 5 to 12 years to reach this scale," said the report.
VCs have invested about $143 billion over the last 15 years (CY08 to CY22) in the startup ecosystem, which is currently valued at $804 billion.
At current valuations, it translates to approximately 4.5x return for VCs on their investments, the report mentioned.
"Customized solutions from TAM expansion, product market fit, to improve profitability and operational efficiency, our industry experts help startups scale to desired heights and solve their challenges," said Rohan Agarwal, Partner, Redseer Strategy Consultants.
India has about 12,000 startups ranging in revenue classification from Emerging (less than $10 million), Growth Stage ($10 - 100 million) to large ($100 million to more than $1 billion).
Of these, 95 per cent belong to the emerging category, 3-4 per cent are in the growth stage, and less than 0.5 per cent of companies are large.
--IANS
na/dpb
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more