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 Delhivery, Ola 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.