An Indian startup takes five years to scale from zero to $100 million. Image credit: Wikipedia (representative)
It now takes about five years for Indian startups to grow from zero to $100 million in revenue, according to a report released Thursday.
The ecosystem has matured over the past decade, significantly shortening the time to reach the $100 million milestone.
According to data from Redseer Strategy Consultants, it took 18 years to reach $100 million in revenue in 2000, down to 5 years.
India has about 100 unicorns and 170 sneaker cones. Of these 270 bright stars, over 40 startups in FinTech, e-commerce and logistics exceed his $100 million in revenue as of FY22.
“It took these startups five to 12 years to reach this scale,” says the report.
VCs have invested around $143 billion in the startup ecosystem over the last 15 years (CY08 to CY22) with a current valuation of $804 billion.
At current valuations, the report says it represents a VC return on investment of about 4.5x.
Rohan Agarwal, partner at Redseer Strategy Consultants, said:
There are approximately 12,000 start-ups in India, with revenue categorized as emerging (less than $10M), growth stage ($10M to $100M) and large ($100M to over $1B) is.
95% of these fall into the emerging category, 3-4% are in the growth stage, and less than 0.5% are large companies.
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