Global Unicorn Index 2024

The ‘Global Unicorn Index 2024’ released by research group Hurun. 

• Key-findings of the report 
• In 2023, India had 67 unicorn startups (68 in 2022) and placed third globally. E.g., Delhivery, Nykaa etc. 
• USA led with 703 unicorns, followed by China with 340. 
• The US has 50% of the world’s known unicorns followed by China (25%) and Rest of the World (25%). 
• Founders from India produced more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India. 
•  A unicorn startup is a privately held company, without any listing on public exchanges, valued at $1 billion or more and supported with venture capital. 
  • Gazelles: Start-ups most likely to ‘go unicorn’ within 3 years. 
  • Cheetahs: Start-ups most likely to ‘go unicorn’ within 5 years.