The year is coming to a close. And a lot of energy has already been spent on trying to understand what really happened this year and whether or not these trends will continue in 2017. There are plenty of threads to pull on to understand this. So, let’s make it bigly.

Ready?

Another helping of Unicorns, please

India doesn’t have enough Unicorns. Let’s look at it. The country has just eight companies valued at $1 billion and higher. CB Insights lists 180 companies across the world, which have crossed that landmark valuation and India comes in third. Just 4% of global unicorns are from India. It would have been nine, but Mu Sigma lists itself as an American company. The United States of America has 97 and China has over 30. It doesn’t make for pleasant reading. To make things worse, the ecosystem added just two companies to the unicorn list this year: Hike and Shopclues. We need more unicorns. And not just for the swag that comes along with it. “Unicorns are a light in the distance. They are not a source of warmth but they create development in the ecosystem. It also encourages foreign capital to take bigger bets in the country creating more value and more companies. It automatically, creates more jobs and solves bigger problems,” says Ajeet Khurana, formerly of Mumbai angels. How about the companies in the, so called, second tier who can fill in the gaps?

Half-Unicorn List
Company Name Investment($M) Investors Valuation (Rs Cr)
BillDesk 171 General Atlantic, Temasek 4,030
Bookmyshow 82 SAIF, Accel 3,200
Practo 90 Sequoia Capital, Matrix Partners 3,188
Oyo Rooms 62 SoftBank 3,055
Freshdesk 50 Tiger Global, Accel India 3,000

Source: Tracxn

All these companies are in varying stages of maturity. The likes of BillDesk and BookMyShow have been around for over a decade and while the scope for growth is high, their journey has been slow and measured. It is unlikely, that either of these will appreciate in value two times next year.

The likes of Practo have an interesting fight on their hands, especially with the fact that 85% of its revenue can be sourced back to the company billing its overseas entities for services.

AUTHOR

Team Ken

The Ken is a new, digital, subscription-driven publication headquartered out of Bangalore, India. Founded by a team of experienced journalists and entrepreneurs, The Ken’s goal is to deliver fresh and original business insight through well-narrated stories to professionals, entrepreneurs, investors and leaders every morning.

View Full Profile

Available exclusively to subscribers of The Ken India

This story is a part of The Ken India edition. Subscribe. Questions?

MOST POPULAR

Annual Subscription

12-month access to 200+ stories, archive of 800+ stories from our India edition. Plus our premium newsletters, Beyond The First Order and The Nutgraf worth Rs. 99/month or $2/month each for free.

Rs. 2,750

Subscribe
 

Quarterly Subscription

3-month access to 60+ new stories with 3-months worth of archives from our India edition. Plus our premium newsletters, Beyond The First Order and The Nutgraf worth Rs. 99/month or $2/month each for free.

Rs. 1,750

Subscribe
 

Single Story

Instant access to this story for a year along with comment privileges.

Rs. 500

Subscribe
MOST POPULAR

Annual Subscription

12-month access to 150+ stories from Southeast Asia.

$ 120

Subscribe
 

Quarterly Subscription

3-month access to 35+ stories from Southeast Asia.

$ 50

Subscribe
 

Single Story

Instant access to this story for a year along with comment privileges.

$ 20

Subscribe

Questions?

What is The Ken?

The Ken is a subscription-only business journalism website and app that provides coverage across two editions - India and Southeast Asia.

What kind of stories do you write?

We publish sharp, original and reported stories on technology, business and healthcare. Our stories are forward-looking, analytical and directional — supported by data, visualisations and infographics.

We use language and narrative that is accessible to even lay readers. And we optimise for quality over quantity, every single time.

What do I get if I subscribe?

For subscribers of the India edition, we publish a new story every weekday, a premium daily newsletter, Beyond The First Order and a weekly newsletter - The Nutgraf.

For subscribers of the Southeast Asia edition, we publish a new story three days a week and a weekly newsletter, Strait Up.

The annual subscription will get you complete, exclusive access to our archive of previously published stories for your edition, along with access to our subscriber-only mobile apps, our premium comment sections, our newsletter archives and several other gifts and benefits.

Do I need to pay separately for your premium newsletters?

Nope. Paid, premium subscribers of The Ken get our newsletters delivered for free.

Does a subscription to the India edition grant me access to Southeast Asia stories? Or vice-versa?

Afraid not. Each edition is separate with its own subscription plan. The India edition publishes stories focused on India. The Southeast Asia edition is focused on Southeast Asia. We may occasionally cross-publish stories from one edition to the other.

Do you offer an all-access joint subscription for both editions?

Not yet. If you’d like to access both editions, you’ll have to purchase two subscriptions separately - one for India and the other for Southeast Asia.

Do you offer any discounts?

No. We have a zero discounts policy.

Is there a free trial I can opt for?

We don’t offer any trials, but you can sign up for a free account which will give you access to the weekly free story, our archive of free stories and summaries of the paid stories. You can stay on the free account as long as you’d like.

Do you offer refunds?

We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am facing some trouble purchasing a subscription. What can I do?

Please write to us at [email protected] detailing the error or queries.