Startup India: India ranked 3rd largest Startup Unicorn following China and United States

Share This Post

India is ranked third after China and the US as the largest ecosystem for successful startups ahead of Britain and Israel, according to the Hurun Global Unicorn List 2019. India accounts for 21 of the world’s 494 unicorns, with China having 206 and US having 203.

Reports state that The Hurun Research Institute has released the inaugural Hururn Global Unicorn List 2019, a ranking of the world’s billion-dollar tech startups founded in the 2000s and not yet listed on a public exchange.

The leaders of the 21 unicorns from India are payment solutions platform One97 Communications, valued at $10 billion, cab-hailing platform Ola, valued at $6 billion, online ed-tech startup Byju’s, valued at $6 billion, and travel and hospitality platform Oyo, valued at $5 billion.

Other Indian unicorns to emerge in 2019 are online grocery startup BigBasket, ecommerce & logistics venture DelhiveryOla Electric, the electric vehicle arm of Ola, cloud data protection, and management startup Druva, gaming venture Dream11, health-tech startup CitiusTech, logistics startup Rivigo and contract management startup Icertis.

Hurun found 494 unicorns globally, based in 25 countries and 118 cities. The startups, set up on an average seven years ago, are worth $3.4 billion average and $1.7 trillion in total. City wise, Beijing stands to be the unicorn capital with 82, followed by San Francisco at 55. Silicon Valley leads as a region with 102 unicorns. 

According to the list, ecommerce and fintech make up to 31% of the world’s unicorns, followed by cloud and Artificial Intelligence. The unicorns stretch across 25 industries, with five large sectors making up to half of the total.

+ posts

A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Related Posts

NFT Domains, what the heck are they? An introduction to Quik.com & ENS Domains

Before getting to the main question of what exactly...

Coworking, Explained.

TimesNext Recommended: BiggBang Coworking, the Best Coworking Space in...

GOI Forms Committees to Scrutinize Crypto Ads, Fake Reviews, and Ed-tech Firms

The government intends to tighten the noose to safeguard...

Global Bitcoin Use Will Reach 10% By 2030, Says Blockware

Bitcoin acceptance could be faster than that of previous disruptive...

Samsung Asset Management to Launch a Blockchain-Themed ETF

Samsung Asset Management (SAMHK), a Hong Kong-based subsidiary of...

EU Lawmakers to Ban Sales of New Combustion Engine Cars From 2035

On Wednesday, the European Parliament backed a proposal to...