Hyderabad: India has the third-largest unicorns in the world after the USA and China. India currently houses 54 unicorns, more than double it had last year.
According to the latest Global Unicron Index 2021 released by Hurun Research Institute, the total value of all the unicorns in the world doubled to US $ 3.7 billion. The USA topped the index with 487 unicorns, followed by China with 301 unicorns. The UK was pushed down to the fourth place with 39 unicorns.
Hurun Research Institute has classified startups as Unicorns, Gazelles, and Cheetahs. According to their definition, Unicorns are startups founded after the year 2000 with a valuation of US $1biiolin. Gazelles are startups that are most likely to go unicorn in the next two years. Cheetahs are the startups that could go Unicorn in the next four years.
Indian startups were led by online educator BYJU’s worth US $21 billion, followed by mobile ad-tech firm InMobi worth US $ 12 billion and travel stay finder OYO Rooms worth US $ 9.5 billion.
Anas Rahman Junaid, MD and Chief Researcher at Hurun India said, “India is in the midst of…
