20 Startups enter the Indian Unicorn Club in 2022 : Here’s everything you need to know

• 20 startups join the Indian unicorn club in 2022, taking the total number of Indian unicorns to 106.
  
• With their combined value estimated at $343 billion, these enterprises have raised $94 billion in total funding.
  
• Business Insider India provides a snapshot of the 20 new startups that turned unicorns this year.

In 2022, 20 startups achieved unicorn status taking the total number of Indian unicorns to 106. The collective valuation of these startups stands at $341 billion. These firms have been able to raise more than $94 billion in funding from outside.

Unicorn refers to a privately held startup that has a valuation of $1 billion or more. The term was coined by Aileen Lee, a famed venture capitalist, to reflect the fact that these startups are statistically rare.

Here is an overview of the 20 Indian startups that became unicorns in 2022.