BUSINESS

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BUSINESS

Indian ranks 3rd in number of unicorns

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India has 68 unicorns

India ranks third in the world with 68 unicorns, according to the Hurun Global Unicorn Index 2023, showcasing a robust start-up ecosystem.

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Unicorns soar high

The number of unicorns in India increased from 54 to 68, up by 14. Since pre-COVID, unicorns in the country have increased by 47.

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Indian unicorns abroad

Indian entrepreneurs have co-founded 70 unicorns outside India, with 64 of them located in the US, according to the report.

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Most valuable

India's most valuable unicorn is BYJU'S, the world's largest edtech company, valued at $22 billion. It is followed by Swiggy and Dream11, both valued at $8 billion.

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Global

ByteDance is the world's most valuable unicorn with a $200 billion valuation, followed by SpaceX. OpenAI is 17th with a $17 billion increase in valuation.