Monday, May 16, 2022
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India just got closer to unicorn century mark

Bengaluru: India is inching closer to hit the unicorn century (100 startups valued at over $1 billion each). Bengaluru-based neobank Open has entered the unicorn club after it raised $50 million led by IIFL along with existing investors Temasek, Tiger Global and 3one4 Capital. Last year, the SME-focused neobanking platform raised $100 million led by Temasek with participation from Google and SBI Investment, one of Japan’s leading venture capital firms. Though media reports said Open became India’s 100th unicorn, data from Venture Intelligence showed that India has 96 unicorns till date, minting 14 new unicorns in the first five […]



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