India to rank third in Global Unicorn Index 2024

Tags: INDEX

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.