Average: About five and a half years.
India’s first Unicorn in the CB Insight’s list took less time than that – about five years. Ola, Snapdeal and Hike took four years, while Mu Sigma, which was founded in 2004, took nine.
But we have to remember that these are paper unicorns, and a more credible valuation will happen when there is a merger or an IPO. A report by SharesPost, a platform for investing in pre-IPO companies, has predicted that about a third of US tech unicorns will eventually be worth less than $1 billion. Of the nine Indian unicorns, four (Flipkart, Snapdeal, Ola and Paytm) have valuations over four billion dollars. The rest are valued at less than $2 billion.