New Delhi: Indian start-ups are now taking about five years to grow from zero to $100 million in revenue, a report showed on Thursday.
As the ecosystem matured over the last decade, the time to reach $100 million has decreased significantly.
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 revenues categorized as emerging (less than $10M), growth stage ($10M to $100M) and large ($100M to over $1B) .
Of these, 95% belong to the emerging category, 3-4% are in the growth stage, and less than 0.5% are large companies.