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Sequoia, SoftBank emerge as leading investors in Indian unicorns Hurun

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CNBC-TV18

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Enterprise capital agency Sequoia Capital India is the highest investor in Indian unicorns in response to a brand new report by the Hurun Analysis Institute.

The Indian arm of American funding agency Sequoia Capital India is at present backing eight Indian unicorns together with Byju’s, OYO, Zomato, Unacademy, and SaaS gamers Druva and Freshworks amongst others.

Japan’s expertise conglomerate Softbank and UK-based Steadview Capital has seven investments every in India as per Hurun India High Unicorn Traders Listing 2020.

Hurun Report India MD and Chief Researcher Anas Rahman Junaid commented: “These traders play a big position in accelerating the creation of latest wealth in India. The success of those traders goes on to indicate that Indian HNIs ought to actively begin allocating a part of their portfolio in the direction of start-ups.”

Curiously, the report options just one unicorn investor from China- Tencent Holdings.  Tencent has thus far invested in three Indian unicorns, shares the rostrum with a mixture of Indian and international traders like Chiratae Ventures, IFC, Common Atlantic, Bessemer India Capital and Accel amongst others. Fantasy gaming platform Dream11, the 2020 title sponsor of Indian Premier League is a part of Tencent’s India portfolio together with edtech decacorn Byju’s and meals supply platform Swiggy.

China’s e-commerce big Alibaba Group with stakes in India’s high unicorn Paytm, PaytmMall, meals supply firm Zomato and grocery supply firm Bigbasket has used its Singapore funding arm and therefore doesn’t characteristic within the checklist of unicorn traders from China.

The Hurun India High Unicorn Traders Listing 2020 ranks traders utilizing  regulatory filings. It’s a compilation of all of the funding companies which have invested into three or extra Indian unicorns (firms valued over $1 billion), as of August 20.

Whereas nearly all of the highest unicorn traders in India are US based mostly firms, homegrown funding companies like Ratan Tata’s RNT Associates and Chiratae Ventures personal a sizeable chunk in Indian unicorn startups.  With investments in Ola Cabs, Zomato, Lenskart and Unacademy, RNT Associates ranks seventh on the Hurun Listing of unicorn traders.

The Hurun India High Unicorn Traders Listing 2020 follows the launch of Hurun India Unicorn Listing 2020 earlier in August. In accordance to Hurun Analysis Institute, this checklist is its “very first try in showcasing the success tales of traders who’ve endorsed their belief in unicorns from India”.

Supply: CNBC-TV18

First Revealed on Aug 26, 2020 10:08 pm

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