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HURUN Global Unicorn Index

Any privately held startup esteemed at more than 1 billion dollars would be named as a UNICORN. Hurun Report India shows the asserted economy and flourishing business enterprises in India, attributes a dynamic market environment, simple access to institutional capital, a gainful risk-reward situation, and the presence of young innovative pioneers as critical pilots for developing the numbers added to the world-class list every year. Quick headway in technology have likewise empowered the founders of the unicorn to show incredible energy towards this new financial culture.

When it comes to start-up unicorns, India comes fourth just behind the US, China, and the UK, lodging 21 of the worldwide total of 586 in terms of valuation. The combined valuation of these 21 unicorns remains at $73.2 billion. People of Indian origin have established an additional 40 unicorns, most of them being headquartered in Silicon Valley, US, as per the Hurun Global Unicorn Index, 2020. The estimation of the 40 having Indian founders, but headquartered outside India, remains at $99.6 billion. Top 10 Indian unicorns make up 78 percent of the total value of unicorns, while Paytm alone claims nearly 22% of the total valuation share of these unicorns, with a valuation of $16 billion.

Unicorns can drop out from the list either by going public (IPO), being acquired by another company, or dropping in valuation.

Estimated at $16-billion, Noida-based Paytm is the most highly valued Indian Unicorn.

The Indian Institutes of Technology (IITs) have come up as the main source of unicorn initiators with 36 of them being from these establishments and IIT-Delhi being the one most favored. The e-commerce sector has provided India with a maximum number of unicorns. One out of every three Indian unicorns is engaged in the online retail space

Bengaluru being India's unicorn capital has eight unicorns, trailed by Gurgaon and Noida, having six and two unicorns respectively. Analyzing the information based on valuation, Bengaluru adds to the unicorn list by including unicorns worth $29 billion altogether, while Gurgaon and Noida contribute by $19 billion each. Despite being home to just two of India's unicorns, Noida has a 24% valuation share since fintech organization Paytm has a base in the city. Indian unicorns have also been attractive bets for several foreign investors. Chinese companies have shown a keen fascination with investments in India. Companies like Softbank, Alibaba Group, Sequoia and Tencent have been the key investors in Indian unicorns.


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