New Delhi, Aug. 1 (IANS): With average time taken to reach unicorn status in India coming down of late, the country is likely to have 54 tech unicorns by 2025, according to a report.
Of this 54 unicorns, 10 are expected to be in the e-commerce and business-to-business segment each, eight in payments and content/social each, five in mobility, education and logistics each, and three in food delivery, said the report by Fosun RZ Capital, a venture arm of Chinese conglomerate Fosun.
The combined valuation of unicorns in India grew to $71 billion in 2018 from $38 billion in 2017.
The report indicated that e-commerce in India has just five per cent penetration of overall retail market, compared with 20 per cent in China, suggesting huge potential for the e-commerce segment to grow in India.
