Prateek Kumar, vice president of Antique Stock Broking, on Monday, said that increased internet usage and demographics led to a surge in unicorns in India.

India saw 42 unicorns in 2021- that’s nearly 60 percent of overall unicorns in the country compared to 8-10 in the recent past. There are a fair amount of reasons for these unicorns to increase; the internet usage, penetration, favourable demographics but most important was the amount of liquidity that was pumped into the system by central banks across the world.

Also Read: Rewind 2021: The year of unicorns

India saw more funding because of China’s crackdown on local internet businesses, Kumar said in an interview to CNBC-TV18.

He further said that global liquidity also aided the surge in Indian unicorns.

For the entire interview, watch the video