Hurun India Future Unicorn Index 2022
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.
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