Peak XV Leads as Top Investor in Indian Startups, Per Hurun Index

Venture Capital firm Peak XV leads the investment scene in Indian startups, with stakes in 47 entities, per ASK Private Wealth Hurun India Future Unicorn Index 2024. Accel follows with 25 investments, while Tiger Global and Trifecta Capital Advisors round out the top investors poised to back future unicorns.

Venture Capital firm Peak XV has been named the most active investor in Indian startups, with investments in a total of 47 entities, as reported in the ASK Private Wealth Hurun India Future Unicorn Index 2024.

The index also highlighted that Accel closely follows Peak XV, having invested in 25 companies that are likely to rise as the next wave of unicorns.

According to the report, Peak XV Partners stand out for their successes in backing companies like Turtlemint, CleverTap, and Classplus. The number of unicorns in India has slightly decreased to 67 in 2023.

The report specifies that Peak XV has investments in 70 percent of India's unicorn companies. Accel holds the second spot with 25 investments, featuring diverse firms such as Money View, Ninjacart, and Stanza Living.

Tiger Global is ranked as the third largest investor, with investments in 21 startups expected to become unicorns within the next 3-5 years. Trifecta Capital Advisors and Blume Ventures round out the top four, each holding stakes in 19 companies.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)