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.

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