Private Capital
HNIs to invest $30 billion in Indian tech startups by 2025: Report
17 Jun 2021
India will have 150 unicorns by 2025, thrice as many as currently, reiterating the growing investment opportunity for homegrown tech ventures, the report, released on Thursday, showed.
The report - “Turning Ideas to Gold” - showed how more than 55,000 Indian startups raised over $70 billion in funding between 2014 and 2020.
“VC/PE funds raised during periods of economic crisis tend to have better returns when compared to those raised in non-crisis periods,” the report pointed out.
As per the report, the total market capitalization of public tech companies is 12.6% of India’s GDP while the valuation of private tech companies is 10.2% of the GDP.
More than 250 private Indian tech companies have valuations above $100 million and a potential to go public in India.
The report noted that India is expected to have about 10,000 UHNIs (ultra-high net-worth individuals) including business leaders, celebrities, NRIs, and digital entrepreneurs with cumulative wealth of $700 billion by 2024.
“Family offices are being set up as full-service private wealth management services to cater to one or a small clutch of these ultra-high net-worth individuals,” the report said.