India’s startup ecosystem is expected to spawn 22 unicorns in 2022, a VCCircle analysis showed. The country is projected to have more than 100 unicorns in the next couple of years.
These ‘soonicorns’, or startups on the verge of turning unicorns, raised funding in 2021 at a valuation above $500 million, but less than $1 billion. Among the top five in the list are logistics startups ShipRocket and Porter.
