India is ranked 4th in the Unicorn startup list, comprising startups having a valuation at or above $ 100 Cr. India is home to 21 unicorn startups. China has 227 unicorns. Interestingly, 11 out of India’s 21 unicorn startups have investments from China. Paytm leads the list in India having a valuation of $ 1600 Cr. After the latest investment, Byju’s will come 2nd in the list with a valuation of $1000 Cr. But the backbone of all these leading unicorns are Chinese investors like Alibaba. The total value of unicorns in India is $ 7320 Cr. It should be noted that Ant Group, the parent company of Alibaba, the top company in Chinese unicorns, has a valuation of $ 15000 Cr alone.Though there are 40 unicorns with Indians as founders, they are based abroad, mostly Silicon Valley. This information on startup valuation is in reference to Hurun Report.
It is noteworthy that The United States and China, which account for only 40% of the world’s GDP, own 80% of startup unicorns.These two countries contribute a quarter of the world’s population. The United States has 233 unicorn companies,largest in the world.
Most of the unicorns in India are based in Bengaluru. It is also worth noting that most of the founders of Unicorn startups are IIIT alumni. What the country needs are startup ideas that can be applied globally with excellent valuation. New ideas are important in the new normal created by the corona. Startups that recognize that and act can lead the Indian startup ecosystem.
