In the last decade, 22 per cent of Indian unicorns were started by solopreneurs as compared to two or more co-founders leading the other 78 per cent, according to an analysis by PrivateCircle Research.
40% of these solopreneurs have started fintech unicorns including CRED, Slice, GoDigit Insurance, Acko and others. Bengaluru was the most preferred headquarters location for solopreneurs of the last decade.
The data suggests a higher win rate for start-ups with two or more founders. PrivateCircle found that Indian unicorns, on average, have two founders. Further, the average revenue generated by cofounder unicorns ₹2,909 crore was found to be 32% more than the average revenue of solo founder unicorns ₹2,196 crore. This is based on the latest revenue numbers available for each company, said a press release.
