Indian Startups take 5 years to reach $100 mn revenue: Study

New Delhi, Jan 6 (KNN) According to a study by consultancy firm Redseer Strategy Consultants the time taken by Indian startups to attain USD 100 million as revenue has decreased from 18 years to 5 years now.

Due to the growth in the startup ecosystem over the years, the average time taken by startups to scale to USD 100 million in revenue has now come down to just five years in 2017 from 18 years in 2000, said the study.

Currently there are 100 startups which have a valuation of USD 1 billion called as unicorns and total 170 startups which have the potential to become a unicorn called as soonicorns.

Of these 270 companies, more than 40 operating in fintech, ecommerce, and logistics crossed USD 100 million in revenue as of the financial year 2022, the report said.

Clocking more than USS 10 million revenue, India has close to 480 startups.

While less than 60 new-age tech firms have an annual income in the range of USD 100 million to USD 1 billion.  (KNN Bureau)