Global Unicorn Index

Why in news? India has 3rd-highest number of unicorns, gazelles, according to Hurun’s Global Unicorn Index 2023.

About:

• India retains 3rd spot, in the list of countries with most number of Unicorns as per Global unicorn index.
• The report, indicates that India (68 unicorns) continues to be the world's third-largest country with the highest number of unicorns, following the USA (666) and China (316).
• India added 14 new unicorns since pandemic began.
• However, none of the Indian startups made it to the top 10 list.
• BYJU’s ($22 billion) is top-most unicorn in India, followed by Swiggy and Dream11 (both at $8 billion).
• The report also mentioned that the number of Indian unicorns established outside of India is higher than those located within India.
• China and India have a higher proportion of gazelles and unicorns.

Unicorn:

• Unicorns are privately held, venture-capital backed startups that have reached a value of $1 billion.

Gazelle:

• According to Hurun, a gazelle is a start-up funded in the 2000s, is worth over $500 million, is not listed yet, and is most likely to become a unicorn within three years.

https://www.businesstoday.in/entrepreneurship/news/story/india-has-3rd-highest-number-of-unicorns-gazelles-huruns-global-unicorn-index-2023-377869-2023-04-18