Hurun India Future Unicorn Index 2022

Tags: Economy/Finance

According to the findings of the recently released Hurun India Future Unicorn Index 2022 by Hurun Research Institute, Bengaluru continues to be the start-up capital of India. It is home to 46 possible unicorns.

• After Bangalore, Delhi NCR has 25 potential unicorns.

• Mumbai is in third place with 16 possible unicorns.

• Important facts of the index 

• According to this index, there will be 122 new unicorns in India in the next two to four years.

• Startups Zepto, Shiprocket, Turtlemint are in the top list of potential unicorns according to this report.

• Classification of companies

• Will-Be Unicorns – Companies that were founded after 2000 and were valued at least US$1 billion.

• Gazelles – Companies that are likely to become unicorns in the next two years.

• The Gazelles are expected to be valued between USD 500 million and USD 1 billion.

• The Gazelles pack is led by Shiprocket, a five-year-old logistics tech start-up.

• Shiprocket is followed by Zepto, Turtlemint, Ather Energy and Vivriti Capital.

• The other five start-ups on the list include Ninjakart, Rapido, Dunzo, Cleartax and Twin Health.

• Cheetah – The start-up that could turn into a unicorn in the next four years.

• Pepperfry leads the cheetah pack. After this comes the number of Juspay and Mswipe Technologies.

• Sugar Cosmetics, ZestMoney, Waycool, QMath, Bluestone, Winzo are other startups in this list.

• What is a Unicorn Company?

• A unicorn is a private start-up company, valued at over USD 1 billion.