India overtakes Britain and has the third largest unicorns in the world: the Hurun report

Hyderabad: India has the third largest unicorns in the world after the USA and China. India is currently home to 54 unicorns, more than double what it was last year.

According to the Hurun Research Institute’s latest Global Unicron Index 2021, the total value of all unicorns in the world has doubled to $ 3.7 billion. The US tops the index with 487 unicorns, followed by China with 301 unicorns. Great Britain was pushed to fourth place with 39 unicorns.

The Hurun Research Institute has classified startups as unicorns, gazelles and cheetahs. By definition, unicorns are startups founded after 2000 with a valuation of $ 1 billion. Gazelles are startups that are most likely to become unicorns in the next two years. Cheetahs are the startups that could become unicorns in the next four years.

Indian startups were led by online teacher BYJU valued at $ 21 billion, followed by mobile advertising technology company InMobi valued at $ 12 billion and tour operator OYO Rooms valued at $ 9.5 billion.

Anas Rahman Junaid, Dr While there are another 65 unicorns founded by Indians overseas, mostly in Silicon Valley, the proportion of native unicorns has increased from a third to 45%, suggesting that the startup ecosystem in India is maturing. “

Of the top 10 startups worldwide, 4 come from the USA, 3 from China and 1 each from Sweden, Great Britain and Australia.

Ten countries in the world now had no unicorns – Italy, Russia, Saudi Arabia, Poland, Venezuela, Egypt, Bangladesh, South Africa, Pakistan and Romania.

The Global Unicron Index is ready to highlight the most successful startups in the world.