Titan Capital, a seed stage venture capital firm led by Kunal Bahl and Rohit Bansal, has launched Indicorn. You must have heard a lot about Unicorn and Soonicorn, but you must not have heard about Indicorn. Actually, this is an index, which includes the most profitable startups of India.
The Indicorn list includes those companies that have earned a revenue of at least Rs 100 crore. Not only this, it is also necessary for these companies to fulfill the condition that their profits have also increased. Kunal says that this list focuses beyond valuation on what really matters – building sustainable businesses that can stand the test of time.
By FY 2023, the 186 Indicorns in this list achieved a total revenue of Rs 1,06,040 crore. At the same time, a profit of Rs 8,615 crore was earned. According to Kunal, Indicorns has provided employment to about 93 thousand people so far.
