India ranks third in terms of unicorns in the report released by Hurun Research Institute

Daily Current Affairs / India ranks third in terms of unicorns in the report released by Hurun Research Institute

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Category : International Published on: December 23 2021

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In terms of unicorn companies, India has surpassed the United Kingdom to take third place.
According to Hurun Research Institute data, 33 startup unicorns were created in India between January and November of this year. With this, the country's unicorn population has increased to 54.
Unicorns are firms with a market capitalization of one billion dollars or more.
According to the survey, America (487) is the first unicorn in the world, followed by China (301).
Byju's, an ed-tech startup, is India's most valuable unicorn. InMobi is ranked second, Oyo is third, and Razorpay is fourth.
Bangalore has the most unicorns out of all the Indian cities.