What is a Soonicorn?
Soonicorns are start-ups which have a potential to reach the $1Billion Club or the Unicorn Club. In most cases, they’ve receivedfunding either from a Venture Capitalist or an Angel Investor.
Soon to be a Unicorn
- Start-ups are rapidly rising to become Unicorns andSoonicorns due to the boom in consumerism and increasedadaption of digital services and products.
- A majority of these Soonicorns belong to the FintechIndustry credited to the deep penetration of digitization anddidgital payments.
- These Soonicorns are mainly based out of Bengaluru- Theestart-up hub, Delhi and Mumbai.
- Venture Capital firms like Accel Partners, Sequoia Capital &Tiger Global have backed a majority of the Soonicorns.
Soonicorns in India
