India to rank third in Global Unicorn Index 2024


Hurun Research Institute publishes the "Global Unicorn Index", which ranks countries based on the number of unicorn companies.

An Overview of the News

  • In the 2024 edition, India stands third with 67 unicorns, 1 less than last year.

  • Notably, Indian giants Byju's and PharmEasy are no longer included in the index.

  • India's unicorn roster includes Swiggy, Dream11 and Razorpay, valued at US$8 billion, US$8 billion and US$7.5 billion, respectively.

Top 5 Nations with Highest Unicorn Number:

  • The United States maintains its top position with 703 unicorns, accounting for 48% of the global total.

  • China continues to hold the second position in the index with 340 unicorns.

  • India is at third position with 67 unicorns.

  • The United Kingdom (U.K.) is in fourth place with 53 unicorns.

  • Germany is among the top five countries with 36 unicorns.

Global Unicorn Index:

  • The index includes companies established since the 2000s, valued at more than US$1 billion, and not yet publicly listed.

  • The data compared to last year spans from January 2023 to January 2024.

  • Hurun Research Institute has tracked unicorn companies since 2017.

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