Indian billionaires are seen far behind global funds such as Sequoia Capital and SoftBank in investing in Indian unicorns and making wealth, according to the Hurun India Top Unicorn Investors List 2020 launched on Wednesday.US-based Sequoia Capital, Japan’s SoftBank and UK-primarily based Steadview Capital crowned the list, that is a compilation of all of the funding firms that have invested in three or greater India-based unicorns as of August 20.
Sequoia Capital India made its debut in India in 2006. Until date, Sequoia has closed 8 funds in India. SoftBank has invested in seven of the main unicorns in India, along with Paytm, OYO, and Ola Cabs.
Hurun record India MD and chief researcher Anas Rahman Junaid said that the traders play a huge position in accelerating the creation of new wealth in India. The achievement of those buyers is going on to expose that Indian HNIs have to actively start allocating part of their portfolio in the direction of start-ups.
The fund’s leader, Masayoshi Son, is known for his information and vision in placing smart bets on the worldwide unicorns. In 2018, the funding giant received 60% returns on its US$2.5 billion funding in Indian e-commerce company Flipkart. It is far considered to be one of the biggest achievements of SoftBank in the Indian marketplace, that too in a single year.
In 2014, UK-based Steadview Capital made its first investment in Urban Ladder, an online furniture firm. The latest disclosure to a news agency by the company’s founder, Ravi Mehta, said the fund has invested a sum of $2 billion in India in seven unicorns.
According to Hurun, Sequoia is far and away from the world’s most successful investment platforms at finding and making an investment into unicorns, investing in one in 5 of the world’s known unicorns, accompanied through Tencent, Softbank, IDG and Hillhouse Capital, Tiger Fund and Goldman Sachs. Unicorns are alleged to be tough to locate, however, buyers like Sequoia, Tencent, Softbank, and IDG make it look easy.
In China, a number of the autodidactic new wealth creators who have cashed out by way of exiting their business have now turn out to be investors and mentors. Part of the success of Chinese wealth creation has additionally been attributed to this “giving back” mind-set of the successful, young entrepreneurs.