ShareChat and Gupshup turn unicorns

Post author:Yash A
Post published:April 9, 2021
Post category:Digital Marketing Latest Trends 2021
Post comments:0 Comments
Reading time:6 mins read

Looks like the new fiscal has opened the floodgates for Indian startups to enter the unicorn club.

Two more startups — ShareChat and Gupshup — are the latest entrants to the coveted $1 billion valuation club.

Indian language social media platform ShareChat raised $502 million in a round led by Lightspeed Ventures and Tiger Global, taking the company’s valuation to $2.1 billion.

Also, Silicon Valley-headquartered conversational messaging tech startup Gupshup raised $100 million from Tiger Global, which took its valuation to $1.4 billion.

So far, in the month of April 2021, 6 Indian startups gained unicorn status — including social commerce platform Meesho and fintech company CRED.

In all probability, 2021 will have more unicorns than 2020, which saw 11 startups turning unicorns, with NASSCOM expecting the total number of unicorns to reach 50 by the end of this year.

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