Global Unicorn Index

  • India has retained 3rd spot, in the list of countries with most number of Unicorns as per Hurun Research Institute’s Global Unicorn Index 2023.
  • Edtech giant BYJU’S is the leading unicorn in India with a valuation of $22 billion, followed by food delivery and quick commerce startup Swiggy and fantasy sports platform Dream11, both worth $8 billion.
    • Unicorn refers to a privately held startup company with a value of over $1 billion.
  • As per the index, India (68 unicorns) added 14 new unicorns since pandemic began and stands behind USA (666) and China (316).
  • India and China produce more offshore unicorns than any other country.
    • Number of offshore unicorns by Indians is more than that of Chinese.
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