: India added three ‘unicorns’ per month in 2021: Hurun report #FinanceIndia #StockMarketNEWS #Business Mumbai: India added three ‘unicorns’ per month in 2021 to nearly double the overall number

@StockMarketNEWS Mon 06 Sep, 2021

Posted in: #Business #FinanceIndia #StockMarketNEWS

India added three ‘unicorns’ per month in 2021: Hurun report #FinanceIndia #StockMarketNEWS #Business
Mumbai: India added three ‘unicorns’ per month in 2021 to nearly double the overall number of startups valued at over US$ 1 billion to 51 as of end-August, a report said on Thursday.

Even as, cumbersome regulations are forcing startups to leave India and settle in other countries where they enjoy better treatment, as per the Hurun India, which prepared the list.

It can be noted that over the last few years, dedicated efforts have been undertaken to hone the startups ecosystem by the government through flagship initiatives like ‘Startup India’.

Hurun said the number of gazelles, which are valued over US$ 500 million can turn unicorn in two years, was pegged at 32, while there are 54 cheetahs commanding a tag of over US$ 200 million who can achieve the coveted status in four years, as per the Hurun India Future Unicorn list.

The future unicorns are valued at US$ 36 billion, it said, adding that the leap to being a unicorn can also happen swiftly, as seen in five ‘cheetahp?&H?X??X?H?[Y[??H[?X????X??[??H?ZY?[??????[???ZX[??[?ZYX[?Y?[???X??[??YY???X???]?[?[?XK?ZY??[??H???X???[?Y??X??]?]?]HX?[Y[????HY??X?[??[?YY][?]?]?H?Y[?Z?[????H?[??H?][?[???????'[?XH??YH?[?H[?
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