India Ranks 4th in Hurran’s Unicorn List
- Startup
Editorial Team- 2 minutes read
India became the fourth largest Unicorn base in 2020 whereas it ranked third in 2019. The country’s list comprises 21 Unicorns which remains the same from last year.
Paytm ranks first in India with a net worth of $16 Billion followed by Byjus’s and OYO having $8 Billion valuations and Ola in third place with $6 Billion net value. Swiggy, the famous food aggregator, and Zomato are also found in the next positions on the list.
Globally Paytm ranks 13th whereas Byju’s and OYO stand in the 31st place. Ola is found in the 49th place and both the food aggregators Swiggy and Zomato were ranked 96th.
The United States of America stands first with 233 Unicorns, followed by China which has 227 Unicorn bases. The United Kingdom has climbed up as it has 11 additional Unicorns this year followed by India. Lenskart, Zerodha, and Firstcry were some of the budding unicorns in India but due to their downfall, India has been pulled down to the fourth place.
Among the unicorn list, around 40 are founded by Indian based entrepreneurs all around the world. “The Indian founders of the 40 unicorns outside of India deserve to be recognized in much the same way as Sundar Pichai and Satya Nadella, an inspiration to many young Indian entrepreneurs,” said Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher. 36 are US based, two are in UK and the other two are in Germany and Switzerland.
The list comprises 586 Unicorns in total. Most of them are e-commerce companies accounting to 83 Unicorns, 63 facial recognition, and autonomous driving techs, software service companies around 53, health sector holding 28 Unicorns, and economy 33. They all together have a net value of $1.9 Trillion as said by the report.
