India ranks No 4 re start-up unicorn numbers; less than tenth of China’s: Hurun index

Startup with young man in the night

Financial Express  August 5, 2020India ranks No 4 considering unicorns (21 unicorns collectively valued at $73.2 billion), lining it up behind the US, China and the UK, as per the Hurun Global Unicorn List. Interestingly, of the 21 Indian unicorns, Chinese investors like Alibaba, Tencent and DST Global have invested in 11 of them; and Japanese investor Softbank has investments in 9 of them, while the USA’s Tiger Global has invested in 5. The number of Indian unicorns is just a tenth of China’s 227, according to the report, and China has only 16 businesses set up outside the country by its diaspora as against the 40 in India.

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