India’s internet start-ups will have a combined valuation of $180 billion by 2025, said a report. These firms which operate business ranging from food delivery, e-commerce to online insurance are now on the cusp of listing, it said.
“The growing scale and maturity of India’s internet economy is starting to create more value and investment opportunities. More than $60bn has been invested in India’s internet start-ups in the past five years, with around $12bn in 2020 alone,” said HSBC Global Research in a report of India’s internet.
India has 42 Unicorns and over 45 soonicorns-startups that have the potential to enter the unicorn club- HSBC said.
India’s e-commerce will grow from $31bn in 2019 to $67bn by 2025, with a growth…