Rajan Anandan explains the broad-basing of the Indian startup ecosystem beyond traditional consumer internet businesses.
Opinion
Anandan: Four-wheeler ride-hailing is played out; the future is two-wheelers
“So my view is the four-wheeler game is, is pretty much played out, and that's why we're seeing sort of slowing growth on the four-wheeler side. So it's really going to be three-wheelers, two-wheelers, new kind of forms of vehicles, and so on and so forth. And …”
Prediction Not checkable as stated
Anandan: India could produce 10 edtech unicorns
“I think India could have 10 unicorns in the education space. Today we have one called Baiju's. I think we're gonna see many more companies in the education space, simply because there's a massive, massive need.”
Prediction Held up
Anandan: India is on track to reach 100 unicorns by 2025
“And you know, they, we are very much on track, I think, to you know, have a hundred unicorns in India by twenty-twenty-five.”
Prediction Partly held up
Anandan predicts several Indian SaaS unicorns will emerge annually by 2022-2023
“We are probably, you know, we'll probably be at one a year for a few years, but then, you know, somewhere around, 20, 22, 23, we'll start seeing, you know, several SaaS unicorns every year, right?”
Insight
Anandan: SaaS startups need at least $50M-$150M to become unicorns
“Even in a SaaS company to become a unicorn, you need to raise 5000, hundred and fifty million dollars at a minimum, right? It's very difficult to get there with twenty million dollars, even in a SaaS company.”
Opinion
Anandan: UPI is the biggest boon to India's startup ecosystem
“UPI has been the biggest boon that's happened to the Indian startup ecosystem because now you have, you know over a hundred million Indians that actually transact online.”