Overview
There have been four unicorn fundraises this week (including Xpressbees)
According to a report by market intelligence firm PGA Labs, there are around 45 start-ups that have the potential to achieve a $1-billion-plus valuation in the near future.
“2022 will see consolidation as the winners will start getting separated from the ones that are not growing fast enough,” said Madhur Singhal, managing partner and Chief Executive Officer (CEO), Praxis Global Alliance. “Strong start-up activity in new sectors, such as healthtech, software-as-a-service (SaaS), and B2B will gain momentum in India.”