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44 startup unicorns created $106 billion in value

Over the last decade, these unicorns with a valuation of over a billion dollars include MakeMyTrip, InMobi, Paytm, Byjus, Cars24, Ola and others have cumulatively created $106 billion value for the startup ecosystem, according to Indian Tech Unicorn Report 2020 by Orios Venture Partners, an early-stage venture capital fund.

While the financial payments sector saw the maximum number of unicorns, retail and SaaS (software as a service) were a close second, the report said. Other verticals include logistics, data analytics, travel, food and gaming.

In 2020, 12 startups including Razorpay, PineLabs, Zerodha and Postman, joined the coveted unicorn club, the highest ever in a year.

At $16 billion, Paytm continues to be the most…

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