Swim through Unicorn Exits, Startup Funding Recaps, Family Offices, Mafias & More.

Swim through Unicorn Exits, Startup Funding Recaps, Family Offices, Mafias & More.

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发布日期: 2024年6月11日
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Welcome to the latest edition of Fresh Private Markets Scoop from PrivateCircle.

Dive deep into the last 30 days' trends, analyses, and data insights shaping India's dynamic startup ecosystem.

Stay informed and ahead of the curve with our meticulously curated content, designed for industry leaders, investors, and startup enthusiasts alike.

?? Unicorn Exits: How Long Does It Take?

Ever wondered how long it takes for Indian unicorns to exit?

Our comprehensive analysis of 114 unicorns reveals fascinating insights:

  • Median Time to Exit: 10 years.
  • Notable Early Exits: mamaearth , blinkit, Flipkart , and Tata 1mg exited in just 6-7 years.
  • Longest Exit: MapmyIndia took 26 years.
  • Exit Routes: 27% via acquisitions, 73% via IPOs.
  • Peak Year: 2021 saw the most exits.

How long does it take Indian unicorns to exit? ?? The ultimate dream of any startup founder is to do a successful IPO. However, an IPO is just one of the many exit routes available to them. Startup exits can happen through a public listing, an acquisition or a liquidation (shutdown). PrivateCircle analysed a list of 114 Indian unicorns and the time it took them to exit between 1999 to 2023. Here are the major findings. ?? Overall, 19 Indian unicorns have gotten an exit till April 2024. It took unicorns a median of 10 years (since incorporation) to find these exits. However, unicorns like Mamaearth, Blinkit, Flipkart, and Tata 1mg did manage to get early exits in 6-7 years of incorporation. ?? MapmyIndia took the longest time, 26 years, to achieve an exit after its incorporation in 1995. Paytm and IndiaMART InterMESH Limited were the other startup unicorns taking over 20 years to exit. ?? Almost 27% of unicorns got acquisition exits while the rest 73% were IPOs. Further, 9 unicorns exits happened in 2021 as compared to 4 exits in 2022 and 1 in 2023. So far, 2021 saw the maximum number of unicorn exits in India. As funding rounds slowed down in 2023, many startups had delayed their IPO plans. Now as the late-stage funding is starting to resume, Indian unicorns are again starting their IPO journey. For instance, Zomato's peer Swiggy has recently changed to a public entity in preparation for an expected IPO later this year.
Click on the image to reach the LinkedIn post.

Despite a funding slowdown in 2023, the IPO journey resumes with Swiggy preparing for a public listing.

Explore the full analysis blog ????

???? City-wise Startup Funding Report: March 2024

March 2024 witnessed a funding frenzy across Indian cities.

Here’s the city-wise showdown:

  • Tier 1 Cities: ?8,621 crore.
  • Tier 2 & 3 Cities: ?336 crore.

Funding Dynamics of March 2024: A Tale of Dynamic Cities Join us as we uncover the mystery behind March's funding frenzy! In a city-wise showdown, tier 1 cities lead with a staggering ?8,621 crore, followed by tier 2 & 3 cities with ?336 crore.
Click on the image to reach the LinkedIn post.

Explore the full analysis blog ????

???? MEMG Family Office 2024: Diversified Investments

Presenting the diverse portfolio of the Manipal Education and Medical Group International India Pvt. Ltd. spanning healthcare, education, and beyond.

Unlocking the Manipal Education and Medical Group portfolio 2024. From healthcare to education, witness the remarkable diversity of sectors in their investment repertoire.
Click on the image to reach the LinkedIn post.

Ready to uncover more insights? Find the full report ????

?? How much do IPL teams make from sponsorships?

Highlights:

  • Top Earner: Royal Challengers Bangalore with ?83 crores.
  • Average Sponsorship Revenue: 17% of total team revenue.
  • Highest Revenue: Delhi Capitals at ?367 crores.

??How much money do IPL teams make from sponsorships??? ?? RCB made the highest sponsorship income of ?83 crores in FY23, followed by CSK and DC. ?? Sponsorship income made avg. 17% of IPL teams’ revenue in FY23. ?? Overall, IPL teams earned ?307 crores (on average) in FY 2023, a 23% growth over FY22 ?? DC clocked the highest revenue of ?367 crores. Followed by GT (?360 crores) and MI (?359 crores). But it was still lower than their pre-covid earnings! ?? For KKR, the drop in earnings is a massive 38%. On average, most teams have seen their incomes drop by 23%.
Click on the image to reach the LinkedIn post.

However, many teams are yet to recover their pre-covid earnings.

Discover more ????

?? Startup Funding Recap: April 2024

April marks a new quarter, and we’ve got the funding highlights:

Presenting the Startup Funding Recap: April 2024 As April marks the beginning of a new quarter, we take a peek into the month's funding figures. Highlights that we will be exploring; ?? Deal Volume (Apr 2023 - Apr 2024) ?? Total Value (Apr 2023 - Apr 2024) (? cr) ?? Top 3 Deals (? cr) ?? Top Investors (Deal Volume) ?? Deal Volume (Investor Type) Not only are we armed with the latest data, but we're also riding the wave of historical trends with our trailing graph, showcasing the startup funding saga over the past 12 months!
Click on the image to reach the LinkedIn post.

Explore the comprehensive blog ????

???? City-wise Startup Funding Report: April 2024

March 2024 witnessed a funding frenzy across Indian cities.

Highlights:

  • Average deal sizes in all tiers increased.
  • Tier 2 & 3 took a larger chunk of the total deal value.

April 2024 Funding Recap: India's Startup Scene, City-Wise. Average deal sizes in all tiers increased, tier 2 & 3 took a larger chunk of the total deal value, while angel investors and family offices maintained the same deal volume, VC/PE increased their investments this month compared to March, 2024. Highlights to land on: ?? Top Ten Cities Funding (? cr) ?? Amount Raised (? cr) ?? Deal Value (? cr) ?? Average Deal Size (? cr) ?? Investor Type (Deal Volume)
Click on the image to reach the LinkedIn post.

While angel investors and family offices maintained the same deal volume, VC/PE increased their investments this month compared to March, 2024.

Explore more details with our blog ????

The Unicorn Dilemma: Aging Giants and the Quest for Exits

Circling back to our unicorn exits post, we saw that unicorn exits peaked in 2021, but most Indian unicorns remain private, with the average age now over 10 years.

Only 20 have exited through IPOs or acquisitions, leaving 94 unicorns valued at around $300 billion still seeking exits.

Similar to startup funding, unicorn exits also peaked in 2021. As unicorns continue to stay private for a longer period, the average Indian unicorn is now over 10 yrs old. Barring 20 who got an exit through an IPO or acquisition, majority Indian unicorns are yet to find an exit. This leaves us with 94 unicorns with a collective valuation of around $300 bn. The longer the IPO window, the more pressure unicorns will face to facilitate shareholder exits and maintain their high valuations. In recent months, some unicorns have even explored alternative exit methods like secondary share sales.
Click on the image to reach the LinkedIn post.

The prolonged IPO window increases pressure for shareholder exits and maintaining valuations.

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Recently, some unicorns have considered alternative exit methods like secondary share sales. Uncover more ????

?? Blinkit: A Success Story

Blinkit , now central to Zomato 's success, boasts a $13 billion valuation, a 6x jump since its acquisition.

When Zomato bought Blinkit, people asked "who even needs 10-mins delivery?" ?? ?? Today, Blinkit is at the center of Zomato's stellar performance. Goldman Sachs has said Blinkit’s implied valuation is $13 billion ?? , greater than Zomato’s core food delivery business. It is a 6x valuation jump from the time of acquisition, backed by the strong growth in Blinkit's gross order value (GOV). Its GOV has surged 97% ?? in Q4 FY24 and revenue is almost 200% ?? more than FY23. How did Blinkit reach here? How many employees & funding did it take? ????
Click on the image to reach the LinkedIn post.

With gross order value surging by 97% in Q4 FY24, Blinkit’s growth story is one to watch.

?? Zomato Mafia: A Startup Powerhouse

Meet the Zomato Mafia, a collective of 31 startups with a ?8,850 crore valuation, creating over 3,700 jobs. From e-commerce to healthtech, their impact is vast.

Meet the Zomato Mafia: A Powerhouse of 31 Startups. From valuation bonanza to sectoral dominance, explore their journey of innovation and entrepreneurship. Highlights from the report; ?? 31 startups under its umbrella ?? Collective valuation of ?8,850 cr ?? Created over 3,700 jobs ?? Sectoral dominance in E-commerce ?? Other sectors include Professional Services/Consultancy, Healthtech, SaaS, Social Networking, & Traveltech ?? Founders from 36 alma maters, including Delhi University, IIT Roorkee, IIT Delhi and others
Click on the image to reach the LinkedIn post.

Explore their journey ????

?? Unicorn Founder Salaries

Curious about how much unicorn founders pay themselves?

The median salary in FY23 was Rs 1.5 crores, with notable outliers like Supam Maheshwari of FirstCry.com (BrainBees Solutions Ltd.) earning ? 200.7 crores.

Your startup has just hit over a billion dollars in valuation ?? and there are a couple of million dollars in the bank ?? – how much do you pay yourself? ?? Here's what the data says ?? The median annual salary for Indian unicorn founders in FY23 was Rs 1.5 crores. Ofcourse, there are some outliers like FirstCry’s Supam Maheshwari who took home Rs 200.7 crores and slice’s Rajan Bajaj whose annual salary was Rs 12 only. This analysis includes managerial remuneration of 114 Indian unicorns announced as of March 2024.
Click on the image to reach the LinkedIn post.

??? Swiggy Historical Performance Summary Report

Unpacking Swiggy’s financial journey:

  • Revenue Growth: 42.4% increase in FY23.
  • Expense Dynamics: Insights into advertising and employee costs.
  • Fundraising & IPO Plans: A comprehensive retrospective.

Unpacking Swiggy's Financial Feast Journey through the financial evolution of Swiggy, unveiling a rich narrative of growth, innovation, and strategic maneuvering. ??? Key Highlights: - Revenue Surge: A 42.4% increase in FY23, showcasing Swiggy's relentless pursuit of market leadership. - Expense Dynamics: Insight into advertising spend, employee costs, and more as Swiggy sharpens its competitive edge. - Fundraising Prowess: Examining Swiggy's fundraising milestones. - Employee Growth: Tracking the rise and stabilization of Swiggy's workforce amid a dynamic market landscape. ?? What sets Swiggy apart? With its recent IPO filing, Swiggy is poised for a new chapter. This report offers a comprehensive dive into the strategies and metrics that define Swiggy's market journey.
Click on the image to reach the LinkedIn post.

Read the full report ????

?? IBD Episode 14: Meesho’s Growth Secrets

In our latest "It’s a Big Deal" episode, we analyze Meesho ’s $275 mn funding round, user growth, and financials.

Reading more your style than watching? Explore our IBD: Episode 14 blog????

?? Caratlane and BlueStone

With CaratLane - A Tanishq Partnership ’s founder exiting successfully, BlueStone is drawing investor attention, eyeing a pre-IPO round at over $1 billion valuation.

After the successful exit of Caratlane founder Mithun Sacheti, Jewellery retailer BlueStone seems to be garnering investor attention. Media reports say that the company is raising a pre-IPO round at a valuation of over $1 billion. For context, Bluestone was valued at around $430 million in March 2024. Does Bluestone have what it takes to become a unicorn? ?? Here’s a closer look at their financials, shareholding and more ??

Does it have unicorn potential? Find out by signing up on PrivateCircle Research

?? Startup Funding Recap: May 2024

Our deep dive into May 2024's funding landscape reveals:

?? Startup Funding Recap: May 2024 ?? Get ready for a deep dive into the numbers that matter! ?? Our latest comprehensive report reveals some fascinating trends in the startup funding landscape for May 2024. While funding saw a 46% dip compared to April, the year-over-year growth of 33% is nothing short of impressive! Top highlights: - Total Funding: ?4,398 crores ?? - Number of Deals: 100 ?? - Top Funded Startups: Infra.Market, Battery Smart, AMPIN Energy Transition (Formerly Amp Energy India) ?? - Most Active Investors: Venture Catalysts++ | India's 1st Multi-Stage VC, Inflection Point Ventures, SIDBI Venture Capital Ltd ?? Explore how strategic sectoral investments and shifting investor dynamics are shaping the future. This insightful analysis not only tracks the money but also unpacks the strategies behind the scenes.
Click on the image to reach the LinkedIn post.

Explore the trends and strategies behind the numbers ????

?? Product Spotlight: PrivateCircle’s Technological Edge

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At PrivateCircle, we have built a powerful technology engine that ingests real time, structured and unstructured data from a variety of sources, and churns out extremely deep and high quality intelligence. This is what forms the backbone of our 4 unique products: ?? PrivateCircle Research ?? PrivateCircle Connect ?? PrivateCircle Markets ?? PrivateCircle Network (newly launched) Over 300 industry leaders have put their faith in our products. Book a free demo to experience it yourself!
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Experience it yourself – book a free demo! - https://privatecircle.co/research/

Stay ahead with PrivateCircle. Empower your startup journey today!

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We hope you enjoyed this edition of PrivateCircle. Stay tuned for more insights and updates in our next newsletter!

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