With 21 unicorns, India has emerged as third largest ecosystems for more successful startups right behind China and US but ahead of Britain and Israel, according to Hurun Global Unicorn List 2019.
Leading the pack from the country are payments solutions platform One97 Communications (USD 10 billion), cab aggregator Ola Cabs (USD 6 billion), online educator Byjus (USD 6 billion), and travel-stay finder OYO Rooms (USD 5 billion).
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China pipped the USA to lead by 206 versus 203, together accounting for over 80 percent of the worlds unicorns. Europe has 35 unicorns.
Hurun Research found 494 unicorns in the world, based in 25 countries and 118 cities. Set up seven years ago on average, they are worth USD 3.4 billion on average and USD 1.7 trillion in total.
Source: Economic Times
