30 October 2024
Edtech decacorn BYJU’S, foodtech platform Swiggy and fantasy gaming company Dream11 are India’s top unicorns, according to the Global Unicorn Index 2023 by Hurun. The list, which was released on Tuesday, revealed that India retained its position as the country with the third-largest number of unicorns in the world after the US and China. BYJU’S is also among the top 10 unicorn start-ups across the world that have seen a massive jump in valuations since the pre-COVID-19 era. It is valued at $22 billion. Swiggy and Dream11 are both valued at $8 billion each according to the list. The report also pointed out that the number of Indian unicorns outside is greater than those based in India. In addition, the list also revealed that India has 138 unicorns in total, 70 of which were started by Indian co-founders but are headquartered outside of India. 68 are headquartered in India. India also has the third-highest number of gazelles, but was fifth when it came to the number of Hurun Global 500 companies.
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