India retains third spot as a unicorn hub, shows Hurun report
- IBEF
- April 20, 2023
After the United States and China, India has retained the third-highest number of unicorns in the world.
India trails behind China and the US, which have 316 and 666 unicorns, respectively. Since the start of the pandemic, India has gained 14 new unicorns.
The report claims that BYJU's is the most valuable unicorn in India, with a valuation of US$ 22 billion, followed by Swiggy and Dream11, each with a projected value of US$ 8 billion.
BYJU'S is also one of the top ten unicorns with the largest valuation rise since pre-Covid.
The research also noted that China and India are the two nations that produce the most unicorns outside.
Founders from India co-founded 70 unicorns outside of China, whereas China co-founded 32 outside of China, compared to 316 in China.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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