Mumbai: Enterprise capital fund Sequoia Capital India is the highest backer of Indian unicorn startups or companies which have attained a valuation of over USD 1 billion, a report mentioned on Wednesday. The India-based Sequoia has invested in eight Indian unicorns together with Byju’s and Unacademcy, adopted by Japanese investor Softbank and British Steadview Capital’s seven investments every, as per the Hurun India Unicorn Buyers Listing.
At the same time as considerations get raised in regards to the Chinese language play in Indian startups, the report mentioned that just one investor from the nation’s northern neighbour – Tencent Holdings – options among the many prime unicorn backers.
With three unicorn investments, Tencent was ranked joint eleventh together with six different traders that embody Bennett Coleman and Firm, Bessemer India Capital Holdings, Chiratae Ventures, Normal Atlantic Singapore, IFC and LTR Focus Fund.
Curiously, fantasy gaming firm Dream11 – which lately received the title sponsor rights for the IPL cricket league after a Chinese language handset maker needed to be dropped out – is without doubt one of the three corporations backed by Tencent, as per the report.
Chinese language e-commerce big Alibaba, which has invested in Paytm, Paytm Mall, Zomato and Bigbasket, appears to have achieved it by means of its Singapore places of work and therefore, the funding has not been attributed to a Chinese language investor by Hurun.
Within the record of prime traders, the place every has backed not less than three unicorns or extra, American enterprise capital funds paved the way with seven traders within the record, adopted by India-origin funds which have 5 investments, it mentioned.
Business chief Ratan Tata’s RNT Associates is seventh within the record of unicorn traders with 4 profitable bets that embody Ola Cabs, Zomato, Lenskart and Unacademy, the report mentioned.
Hurun’s managing director for India and chief researcher Anas Rahman mentioned, “these traders play a major position in accelerating the creation of recent wealth in India.”
The report on the unicorn traders follows a research on unicorns achieved earlier this month and is the primary time that the agency has tried such an inventory, an official assertion mentioned.
Hurun mentioned it relied on regulatory filings and suggestions from the enterprise capital funds whereas collating the record, which was up to date on August 20.
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