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NEW DELHI: Indian UHNIs (ultra high net worth individuals) are expected to invest up to $30 billion in tech startups in the country by 2025, reflecting the growing investment opportunity for home-grown tech ventures, a report by 256 Network and Praxis Global Alliance said.

The report titled, ‘Turning Ideas to Gold’, also noted that India could add 95 new tech unicorns to its 56-strong unicorn pool by the same time period.

“India is expected to have approximately 10,000 UHNIs, which will include business leaders, celebrities, NRIs, and digital entrepreneurs with a cumulative wealth of $700 billion by 2024.

Family offices are being set up as full-service private wealth management services to cater to one, or a small clutch of these ultra-high-net-worth individuals,” the report said.

The report defines UHNIs as those having net worth of more than $30 million.

Currently, India has about 140-plus family offices catering to Indian UHNIs and…

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