Global Unicorn Index
Fri, 21 Apr 2023

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

 

Choose Newsletter

Have questions about a course or test series?

unread messages    ?   
Ask an Expert

Enquiry

Help us make sure you are you through an OTP:

Please enter correct Name

Please authenticate via OTP

Please enter correct mobile number
Please enter OTP

Please enter correct Name
Please enter correct mobile number

OTP has been sent.

Please enter OTP