India retains 3rd spot as unicorn hub in 2023

India retains 3rd spot as unicorn hub in 2023

Daily Current Affairs / India retains 3rd spot as unicorn hub in 2023

Change Language English Hindi

Category : Business and economics Published on: April 24 2023

Share on facebook

India emerges as the third-largest unicorn hub with 68 startups valued at $1bn+
India has solidified its position as the third-largest hub for startup unicorns, with a total of 68 companies valued at over $1 billion, according to The Hurun Research Institute’s Global Unicorn Index 2023.
Edtech giant BYJU’S leads the way 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.
The report also revealed that 70 unicorns were founded by Indian co-founders outside of India, bringing the total number of unicorns founded by Indians globally to 138.
The majority of these were founded in the US, with 64, while two were founded in the UK, and one each in Germany, Singapore, Indonesia, and Mexico.
The number of unicorns globally has risen to 1,361, up 303 from last year, with the US leading the way with 666 unicorns, while China comes second with 316 unicorns.
The term unicorn refers to a privately held startup company with a value of over $1 billion. It is commonly used in the venture capital industry.

Recent Post's

India re-elected as the Asia-Pacific Vice-Chair of the COP10 Bureau on Anti-Doping, reaffirming its global commitment to clean and fair sport.
Read More....
Indian-origin historian Sunil Amrith won the British Academy Book Prize 2025 for his book “The Burning Earth,” highlighting the deep link between human civilization and environmental change.
Read More....
India sets new BIS standards for NavIC receivers, boosting self-reliance in satellite navigation technology.
Read More....
October 23 is observed as International Day of the Snow Leopard to raise awareness and strengthen global efforts to protect the ‘ghost of the mountains.’
Read More....
Observed on October 24, World Polio Day 2025 highlights global efforts to eradicate polio and protect every child through vaccination.
Read More....
Lionel Messi wins his first MLS Golden Boot 2025 with 29 goals, leading Inter Miami to playoff glory.
Read More....
Odisha’s 16-year-old Priteesmita Bhoi made India proud by winning gold and setting a world youth record at the Asian Youth Games 2025.
Read More....
India begins “Trishul 2025”, a massive tri-service combat exercise showcasing joint military strength along the Pakistan border.
Read More....
Madras High Court’s 2025 ruling declares cryptocurrency as “property,” ensuring legal protection for digital asset holders in India.
Read More....
East Timor joins ASEAN as its 11th member on October 26, 2025.
Read More....