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

  • Tennis player Vaishnavi Adkar became the first Indian woman since 2009 to reach a W100 final at the ITF Bengaluru, jumping over 200 places in the WTA rankings.

    Read More....

  • The Manipuri film ‘Boong’ made history by winning the Best Children’s & Family Film award at the 2026 BAFTA Awards in London.

    Read More....

  • Palamu Tiger Reserve launched the ‘Vanjeevi Didi’ initiative, appointing women from 17 villages as forest ambassadors to lead conservation and anti-poaching efforts.

    Read More....

  • The Karnataka government is considering a ban or restriction on mobile phone usage for children under 16 to tackle digital addiction and mental health concerns.

    Read More....

  • IndiGo has appointed Capt. Rohit Rikhye as the new Head of its Operations Control Centre following major operational disruptions and regulatory penalties in late 2025.

    Read More....

  • The 475-year-old Vasai Cathedral in Maharashtra has won the 2025 UNESCO Asia-Pacific Award of Merit for its exceptional community-led restoration.

    Read More....

  • The UAE has introduced advanced gene therapy programs to treat the genetic causes of autism and rare neurodegenerative brain disorders in children.

    Read More....

  • At the 79th BAFTA Awards, 'One Battle After Another' won six trophies including Best Film, while Paul Thomas Anderson secured his first Best Director win.

    Read More....

  • World Peace and Understanding Day was observed on February 23, 2026, marking the 121st anniversary of the first Rotary International meeting.

    Read More....

  • Gujarat signed a ₹25,000 crore MoU with L&T Vyoma to establish a 250 MW green AI-ready data center at the Dholera Special Investment Region.

    Read More....