Indian start-ups take 5 yrs to cross $100 mn revenue mark: Redseer

There are about 100 unicorns and 170 soonicorns in India. Of these 270 firms, over 40 start-ups in the fintech, e-commerce, and logistics sectors have crossed $100 million in revenue as of FY22

The average time taken by Indian start-ups to cross $100 million in revenue has reduced from 18 years in 2000 to 5 years in 2017, said a report by consulting firm Redseer.

India has about 100 unicorns (a privately held start-up valued at over $1 billion) and 170 soonicorns (a start-up with the potential of being a unicorn). Of these 270 firms, over 40 start-ups in the fintech, e-commerce, and logistics sectors have crossed $100 million in revenue as of FY22, taking anywhere from 5 to 12 years to reach this scale.

Venture capital (VC) has played a central role