Four months into 2021, India has spawned 12 unicorns, more than the 11 it had for last year.

A Gartner report forecasts cloud adoption will reach a five-year compound annual growth rate of 20.7%.

Founded in 2008, Dream11 was the first Indian gaming startup to become a unicorn in 2019.

The fund is exploring startups with deep tech capabilities in agritech, fintech, health tech, edtech, and cybersecurity.

The newly launched venture fund will back Indian startups and entrepreneurs focusing on digitizing SMBs.

Last year online travel booking companies were reeling under an increase in ticket cancellations for both national and international travels.

While there has been an incremental interest from Indian celebrities to park their money in fast growing tech startups, a few of them have even set up their own fund to back early-stage companies.

In less than four months this year, 11 startups have become unicorns.