India contributes to the list by adding 21 unicorns in total. with the USA leading China by 233 to 227, together they account for over 78% of the world’s unicorns. They are followed by the UK and India in third and fourth positions.
The Hurun Research Institute today released the Hurun Global Unicorn list 2020, ranking of the world’s billion-dollar tech startups founded in the 2000s. This is the second year of the list and valuations are a snapshot of 31st March 2020.
“India officially has 61 unicorns, of which only 21 are headquartered in India with the remaining started up by Indian Overseas. We hope Hurun Global Unicorn Report 2020 would inspire entrepreneurs in India to create billion-dollar startups, serving the prime ministers call for ‘aatma nirbhar’ Bharat”, Hurun report India MD and Chief researcher Anas Rahman Junaid said.
Hurun Research found 586 unicorns in the world, based in 29 countries and 145 cities. On average, they were set up 9 years ago, with 80% selling services and 60% consumer-facing. 5% were in traditional sectors, with the majority offering disruptive technology. The total value of all known unicorns in the world is US $1.8 trillion, equivalent to the GDP of Italy.
Where does India stand?
India contributes to the list by adding 21 unicorns in total. with the US a leading China by 233 to 227, together they account for over 78% of the world’s unicorns. They are followed by the UK and India, who stand at the third and fourth positions respectively.
|Company Name||USA||China||UK||India||South Korea||Germany|
|Number of Unicorns||233||227||24||21||11||10|
|Years to Unicorn||6.5||5.5||8||7||11||7|
Unicorns in India value at $73.2 billion. Fintech company Paytm is India’s highest valued Unicorn at 16 billion dollars. top 10 Indian Unicorns make up 78% of the total value of Unicorns while Paytm alone claims nearly 22 % of the total valuation of the share of these Unicorns, with a valuation of 16 billion dollars.
In which cities are Unicorns based?
City-wise, Bengaluru is India’s unicorn capital with 8 unicorns, followed by Gurgaon and Noida, with 6 and 2 unicorns respectively. Bengaluru contributes to the unicorn list by adding unicorns worth $29 billion in total, while Gurgaon and Noida contribute by $19 billion each. Despite being home to only 2 of India’s unicorns, Noida has a 24% valuation share, with Paytm’s base in the city.
|Rank||City||Number of Unicorns||City’s Most Valuable Unicorn||Valuation US$bn|
Age of Unicorns.
The average age of Indian unicorns in 7 years, of which two are less than four years old. ola electric is the youngest Unicorn on the list, being founded in 2017. it is followed by Udaan which was founded in 2016.
|Company Name||Year Founded||Valuation US$bn||Valuation change US$bn||Core Competence Main Sector|
|Ola Electric||2017||1||0||Shared Economy|
|ReNew Power||2011||3||1.0||New Energy|
India has added three new unicorns to the list this year. Paytm is also the highest gainer in the Indian Unicorn category. over a year’s period, the company has managed to increase its valuation by a whopping 6 billion dollars. the next highest gainer is OYO Rooms, who marked up its valuation by $3 billion.
What is their purpose?
India holds the potential to explore the E-Commerce realm as a budding digital market. It’s the number one core business sector for Indian unicorns, wherein 33% of them conduct business; It is followed by Fintech and Shared Economy, which serve as the business sectors for 4 and 2 unicorns from the list.
|Rank||Industry||No. of Unicorns||% of Total Value|
Which investors find Indian unicorns the best?
Softbank takes the lead in investment aspect in India by finding and investing in nearly half of Indian unicorns. Alibaba comes next in this category, followed by Tiger Global Management, and Sequoia Capital.
|Rank||Investor||No. Of Unicorns||HO Country||Key|
|1||Softbank||9||Japan||Masayoshi Son, Rajeev Misra|
|2||Alibaba Group||5||China||Daniel Zhang Yong, Eddie Wu|
|2||Tiger Global Management||5||USA||Chase Coleman, Scott Shleifer|
|4||Sequoia||4||USA||Donald Valentine, Neil Shen|
|5||DST Global||3||China||Yuri Milner, John Lindfors|
|5||Tencent||3||China||Pony Ma, Lau Seng Yee, Xi Dan|
|5||General Atlantic||3||USA||William Ford|
|5||Temasek Holdings||3||Singapore||Lim BoonHeng|