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The #DreamUnicorn Project : Insights On India’s High Growth (And Unicorn) Startups And Founders.
SECTORS & STARTUPS
Of India’s unicorn startups, 50% of unicorn tech startup are e-commerce companies while Adtech is 12.5% and so is Analytics, Classified and Foodtech.
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FROM START TO HIGH-‐GROWTH.HOW MANY YEARS DOES IT TAKE TO GROW BIG?
ON AN AVERAGE, IT HAS TAKEN INDIAN’S
UNICORN STARTUPS 6.12 YEARS TO JOIN
THE UNICORN CLUB.
0
3
6
9
Flipkart Snapdeal Ola Inmobi Paytm MuSigma Zomato Quikr
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THE IDEAL NUMBER OF CO-FOUNDERS
83% of High growth startups have 2 or 3 co-founders. Out of these, 43% of high
growth startup have started by 3 co-founders while 39% of them started by 2 cofounders.
Solopreneurs, the single-founder are in minority (only 13% of high growth startups are
founded by single founder).
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STARTUPS AND AGE : IS THERE A CORRELATION?THE AVERAGE AGE OF HIGH-GROWTH STARTUP FOUNDER IS 29 AND THE AVERAGE UNICORN FOUNDER’S AGE IS 28.4 YEARS.
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ENTREPRENEURSHIP: CAN YOU GET IT RIGHT THE FIRST TIME?
73% UNICORN TECH FOUNDERS HAD NO PRIOR STARTUP
EXPERIENCE !
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JOB EXPERIENCE : DOES IT HELP? HOW MUCH IS ‘TOO MUCH’?
20% founders of unicorn startups had 2-4 years of work experience while 40% of them
had less than 2 years of working experience before they started up .
The average years of working experience for unicorn tech startup founder is 4.2 Years.
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ENGINEERING EDUCATION & ENTREPRENEURSHIP 93% OF HIGH GROWTH STARTUP FOUNDERS ARE ENGINEERS!! 43% OF FOUNDERS OF THE HIGH-GROWTH PRODUCT STARTUPS ARE
ENGINEERS FROM IITS.
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MBA AND ENTREPRENEURSHIP
67% founders of the unicorn
Indian Startup are Non-
MBAs, while 27% founders
have done MBA. 6%
founders have M.Tech / MS
degree.
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WHERE DO UNICORN FOUNDERS COME FROM
74% of unicorn tech startups are from Tier 2 cities and 13% are from Tier-I and Tier 3 cities.
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WHICH CITY RULES THE MOST?
BANGALORE AND NCR FARE EQUALLY WHEN IT COMES TO
UNICORN STARTUPS (37.5%), FOLLOWED BY MUMBAI (25%).
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India’s Unicorn Club
The Indian product revolution has just begun. We currently have less than 10 tech Unicorns, but
many are on the way to become one.
Celebrating the Indian spirit of innovation and perseverance, NextBigWhat presents an insightful
study on India’s unicorn founders and high-growth technology product startups. We have taken
a deep look at various elements that make a great entrepreneur- right from educational
background to finding a correlation between work experience and entrepreneurial success.
Methodology Apart from the unicorn startups (with more than a billion dollar in valuation), we looked at
several high-growth technology startups across different categories (Enterprise, Consumer,
Healthcare, Education etc) and came with a list of 35 startups that are a representative sample
(of high growth startups in the country).
We believe that the ecosystem needs several debates and discussions - fuelled by actual data.
About NextBigWhat NextBigWhat is India’s biggest startup media platform that focuses extensively on fostering the community of entrepreneurs, early adopters and investors.
At NextBigWhat, we see several great startups every week. We interact, engage with amazing founders and as a key player in shaping up the startup ecosystem, we believe that a data driven startup study will create more talking points, debates and discussions leading to collaboration and partnerships.
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http://www.nextbigwhat.com/indianstartupreport/
http://www.nextbigwhat.com
Email: ashish@nextbigwhat.com
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