From Dunzo to Purplle to Khatabook — here are the 21 startups that may turn unicorns in 2022

• Four startups became unicorns on an average per month in 2021.
• Eighteen startups from the ecommerce and fintech space turned unicorns in 2021.
• Fintech and ecommerce will continue to be among investors’ favourites in 2022.

There were several high points in the Indian startup ecosystem in 2021. Nine tech startups got listed on the public market, whereas four startups became unicorns on a monthly basis on an average. A unicorn, in startup parlance, is a company valued at or over $1 billion.

Investors believe that the same streak is likely to continue in 2022 too as India is underway to have 150 unicorns by 2025.

You can read more about the high points of the Indian startup ecosystem here.

Business Insider spoke to several investors and venture capitalists to compile a list of 21 startups that may turn unicorns in 2022.

“Hyper growth category leaders will continue to see startups achieving the unicorn status. These startups are founded by charismatic founders chasing a large untapped market and have limited competition. Ecommerce, fintech, software-as-a-service (SaaS), D2C [direct-to-consumer] will keep seeing more unicorns, but even emerging sectors like gaming, health tech, edtech, agritech will see more unicorns being minted,” Ankur Bansal, cofounder and director at Blacksoil told Business Insider.