India has overtaken the UK to rank third with 54 unicorns, according to a new Hurun India report. The report, released on Wednesday shows that Bengaluru has more unicorns than cities like Boston, Palo Alto, Paris, Berlin, Chicago among others
Unicorns are unlisted companies with a valuation of $1 billion or more. India currently has 54 unicorns, 33 more than what the country had in 2020, while the UK currently has 39 unicorns, 15 up from a year earlier,
According to the report, edtech platform Byju’s, owned and operated by Think and Learn Pvt Ltd, and InMobi Technologies Pvt Ltd, are the country’s most valuable unicorns, with valuations of $21 billion and $12 billion, respectively.
Byju’s is now the world’s 15th most valuable unicorn according to the report, while InMobi is the 28th most valued unicorn. Oyo, owned and managed by Oravel Stays Ltd, is the third-most valued startup in the country, and 45th most valued unicorn globally, with a valuation of $9.5 billion.
