It’s interesting to hear about the founders of 15 fintech unicorns in India earning INR 31 crore in FY22. A “unicorn” is a term used to describe a startup company that has reached a valuation of $1 billion or more. “Soonicorn” is a similar term used for startups that are on the verge of becoming unicorns. India’s fintech sector has been growing rapidly, driven by factors such as the adoption of digital payments, the rise of online lending, and the increasing use of mobile devices. As a result, many fintech startups have achieved unicorn or soonicorn status, with some of the most notable examples including Paytm, PhonePe, and Zerodha. The founders of 15 fintech soonicorns in India earned a total of INR 31 crore in FY22, which is a significant increase compared to the previous year.
This indicates that these startups are becoming more successful and profitable, and that their founders are reaping the rewards of their hard work and innovation. It’s worth noting that the success of these startups has also benefited India’s economy as a whole, as they have created jobs, spurred innovation, and attracted investment from both domestic and foreign sources. As such, the continued growth of India’s fintech sector is likely to be a positive development for the country in the years ahead. Last week, we published a detailed analysis on the salaries of CEOs and founders of India’s fintech unicorns in the financial year 2021-22 (FY22). As promised, we are back with an analysis of the remuneration that the founders of fintech soonicorn startups of the country received in FY22.