American venture capital firm Sequoia Capital has been tagged as the most successful unicorn investor of 2021, according to Hurun Research. This is the second straight year that Sequoia Capital has been termed as the most active investor in unicorn by the Chinese media research company. Hurun Research claimed in its report that the global startup industry added 1,058 unicorns in 2021, compared to only 586 in the previous year.
Out of the 1,058, Hurun claimed that Sequoia Capital helped in creating 206 unicorns across the world. This means that one in every five unicorns had the stamp of Sequoia Capital. It must be noted that Sequoia Capital includes its many sister firms like Sequoia Capital India, Sequoia Capital China, Sequoia Capital Israel and Sequoia Capital Global Equities. Sequoia Capital India has been one of the aggressive investors in India’s startup ecosystem and has played an instrumental role in churning out scores of unicorns in India.
Hurun Research further claimed that Tiger Global and SoftBank ranked second and third in the list. Tiger Global created 147 startups whose market valuation surpassed $1 Bn while SoftBank created 146 unicorns. Cumulatively, Sequoia Capital Tiger Global and SoftBank have contributed more than 50% of unicorns this year.
Tiger Global has especially played an anchor role in creating scores of unicorn this year in India. So much so that many Indian netzines have started referring Tiger Global as the Santa Claus of Indian startup industry.
When it comes to unicorns, 2021 Indeed proved to be a prolific year for the Indian startups. India produced record-breaking 41 unicorns this year. 2021 also proved to be a milestone year as many high profile startups like Zomato, Paytm, Naykaa and PolicyBazaar became publicly listed companies.
List of Indian unicorns in 2021
- Digit Insurance
- Urban Company
- Coinswitch Kuber
- Rebel Foods
- Pristyn care