Some of the startups that touched unicorn status in 2020 were Pine Labs, Nykaa, First Cry, Razorpay, Postman, Zerodha, Unacademy, Cars24, Zenoti, and PhonePe. This year, Digit Insurance has already touched unicorn status. The report revealed that the Indian startup ecosystem has seen value worth $106 billion created by over 44 unicorns from 2010 to 2020. This is compared to potential competitors.”However, achieving unicorn status doesn’t necessarily guarantee success. “Unicorns of the future will continue to have a bias for tech,” Rehan says.