According to a new Hurun India study, India has surpassed the UK to claim third place with 54 unicorns. Bengaluru, according to the research, has more unicorns than cities such as Boston, Palo Alto, Paris, Berlin, and Chicago, among others, with a total of 28 unicorns, the world's seventh-highest total.
Unlisted enterprises valued at $1 billion or more are known as unicorns. According to the Hurun research, India now has 54 unicorns, up from 33 in 2020, while the United Kingdom now has 39 unicorns, up from 15 a year ago. India, China, Israel, and Russia, according to Hurun Research, led the way in terms of emigrant unicorn creators. Indians have launched 65 unicorns outside of India, according to the research, including Postman, Innovaccer, Icertis, and Moglix.
According to the survey, Byju's is now the world's 15th most valuable unicorn, with InMobi ranking 28th. With a valuation of $9.5 billion, Oyo, which is owned and managed by Oravel Stays Ltd, is the country's third-most valuable startup and the world's 45th most valuable unicorn. According to the research, India has roughly 15 e-commerce unicorns, which is the third-largest number after the United States and China. In addition, it was discovered that in 2021, the value of 39 unicorns fell below $1 billion globally. Paytm Mall, which had been valued at $3 billion in 2020, has now been valued at less than that.