Key highlights of the report:
- Saas had the largest number of Unicorns in 2022 (six), followed by Fintech (4), Logistics (3) and Edtech (2).
- There were 229 acquisitions in 2022, compared with 250 in 2021.
- MX Taka Tak, acquired by Moj was the largest deal, followed by Blinkit, whichwas acquired by Zomato.
- 80% of Indian unicorns are founded by engineers.
- 75% are founded by first-time founders.
- Swiggy was added to the Decacorn list in 2022, taking the count to 5 so far.
- 5ire became the fastest company to turn unicorn in 2022, reaching unicorn status in just 11 months.
- Mobio became the slowest Unicorn last year taking 22 years to achieve the status.
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