5 Indian Startups To Join The Elite Unicorn Club In 2022
Summary: Seven months into 2022 and India has already added 19 new unicorns. While 2021 was a blockbuster year for unicorns, the year 2022 has started just on the right track. Just seven months into the year, India has seen 19 startups that have entered the elite unicorn club. The total count of Indian tech startups to enter the unicorn club stands at 105. Let’s take a look at the number of startups that have made it to the club: 1. FRACTAL Founded in 2000 by a five-member team, Fractal is an AI and advanced solutions startup. The core team of Fractal is an IIM Ahmedabad alumni- Pranay Agrawal and Srikanth Velamakanni along with Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy. Its latest round of funding made it the first entrant into the unicorn club in 2022. Fractal has raised a total of $685 Mn funding over 5 rounds. The Private Equity round saw $360 Mn raised from TPG Capital Asia and secondary share purchases from funds a...