Finclusion
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Paytm
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Finclusion
No Result
View All Result
The fintech sector, with 30 future unicorns is valued at $11.4 billion, making up 20% of the total value of future unicorns. (Image source: Pixabay)

The fintech sector, with 30 future unicorns is valued at $11.4 billion, making up 20% of the total value of future unicorns. (Image source: Pixabay)

India boasts 67 Unicorns, 46 Gazelles, and 106 Cheetahs: ASK Private Wealth Hurun India Future Unicorn Index 2024

June 21, 2024
in Fintech
398 25
0
Share on FacebookShare on Twitter

India is now home to 67 unicorns, 46 gazelles, and 106 cheetahs, according to ASK Private Wealth Hurun India Future Unicorn Index 2024 released by the Hurun Research Institute. 

This is a slight change from the previous year’s index (2023), which listed 68 unicorns, 51 gazelles, and 96 cheetahs. This year’s index features 38 new entrants, comprising seven gazelles and 31 cheetahs.

You might also like

Paytm and Google Pay, along with PhonePe, are now integrating FRI alerts into their platforms. (Image by Storyset on Freepik)

Paytm, PhonePe, Google Pay Join DoT’s New Push to Curb Cyber Fraud with FRI Integration

May 26, 2025
Paytm Appoints Ramana Kumar as CEO for Middle East. (Image Source: Paytm)

Paytm Appoints Ramana Kumar as CEO for Middle East to Lead Global Expansion Strategy

May 23, 2025

Unicorns refer to privately held startups valued at over $1 billion, while Gazelles are startups that are valued over $100 million and are expected to achieve unicorn status within three years. And Cheetahs are startups that are valued between $200-$500 million and are projected to reach unicorn status within five years. 

“Meet the Cheetahs of the ASK Private Wealth Hurun India Future Unicorn Index 2024! These start-ups, founded after 2000, are sprinting towards Unicorn status within 5 years. This year’s index features an impressive 106 Cheetahs, up from 96 last year,” Hurun India stated in a LinkedIn post. 

As per the report, Peak XV Partners is the most active investor, with stakes in 47 potential unicorns, followed by Accel, which has invested in 25 future unicorns. The overall value of India’s future unicorns has reached $58 billion, marking a 1.8% increase from last year.

This year, there have been notable advancements among Indian startups. Ixigo, a former cheetah, went public with a 48% premium, bypassing the gazelle stage and heading straight for an IPO. With a market cap of Rs 6,000 crores ($700 million), Ixigo is on track for a billion-dollar valuation. Additionally, Zepto, Porter, and Incred Finance have joined the unicorn club.

Aerospace, AI, and EV/Renewable Energy are among the hottest sectors to watch. AI companies in the index have received a combined $1.6 billion in funding, aerospace startups have garnered $160 million, and EV companies have attracted $1.2 billion.

The fintech sector, with 30 future unicorns is valued at $11.4 billion, making up 20% of the total value of future unicorns. Consumer lending is the leading subcategory within fintech. Money View and JustPay are notable names, with Money View being the most valuable FinTech gazelle and JustPay the most valuable fintech cheetah. Collectively, the 30 startups in the fintech sector have raised $5.7 billion.

Tags: AerospacecheetahsFintechFuture unicorn index 2024GazelleshurunHurun IndiaIxigostartupsUnicornZepto

Related Stories

Paytm and Google Pay, along with PhonePe, are now integrating FRI alerts into their platforms. (Image by Storyset on Freepik)

Paytm, PhonePe, Google Pay Join DoT’s New Push to Curb Cyber Fraud with FRI Integration

by Finclusion
May 26, 2025
0

In a major step to fight cyber fraud and financial scams, the Department of Telecommunications (DoT) has rolled out the...

Paytm Appoints Ramana Kumar as CEO for Middle East. (Image Source: Paytm)

Paytm Appoints Ramana Kumar as CEO for Middle East to Lead Global Expansion Strategy

by Finclusion
May 23, 2025
0

Fintech major Paytm has appointed Ramana Kumar as the Chief Executive Officer for its Middle East business, marking a significant...

Hide Payment is aimed at giving users greater control over how their payment records are displayed.

Paytm Rolls Out ‘Hide Payment’ to Boost Privacy in Mobile Transactions

by Finclusion
May 19, 2025
0

Paytm has introduced a new feature called ‘Hide Payment’—a user-centric enhancement that allows individuals to privately hide or unhide specific...

PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr. (Image source: PB Fintech website)

PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr, Revenue Grows 45% to ₹4,977 Cr

by Finclusion
May 16, 2025
0

PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a robust financial performance for FY25, with profit after tax...

Next Post
Paytm will transfer its entertainment ticketing operations to Zomato through a two-step process.

Paytm partners with Global Travel Meta Platforms, bolsters international travel inventory by onboarding Cambodia Angkor Air, SalamAir, and FlyDubai

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finclusion

© 2024 Finclusion

Quick Links

  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog

© 2024 Finclusion

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version