look news india
Ahmedabad: With a total of 67 unicorns, India ranks third in the global list behind two leading countries – the US and China – which top the list with 703 and 340 unicorns respectively. In 2023, Byju's and Farm Easy dropped out of the unicorn chart from India.
According to a report by Hurun Research Institute, there are a total of 1,453 unicorns in the world and last year, one unicorn was funded every two days.
Despite the threat of a US ban on the male, it has retained the title of the world's most valuable unicorn with a value of $220 billion, while the total value of the world's unicorns has reached $5 trillion, which is equivalent to Japan's GDP. .
This data is for January 2023-January 2024 compared to January 2022-January 2023. Open AI achieved the fastest valuation growth on the list with a valuation increase of $80 billion, followed by SpaceX, which added $43 billion.
India's start-up ecosystem has slowed down, mainly due to the lack of investment in start-ups despite record highs in the stock market. Another factor is that Indian founders produced more offshore unicorns than any other country, with 109 unicorns co-founded outside India compared to 67 in India.