Hurun India Future Unicorn Index , 2022

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In news–Hurun India Future Unicorn Index 2022 was released by Hurun Research Institute(HRI) recently.

Key highlights of the Index-

The objective of the index is to highlight India’s fast-growing start-up ecosystem to investors, governments, family offices, aspiring entrepreneurs, and the international community.
HRI has classified start-ups as
- Unicorns -start-ups founded after the year 2000 with a valuation of US$1bn.
- Gazelles– start-ups that are most likely to go Unicorn in the next two years, and
- Cheetahs -start-ups that could go Unicorn in the next four years.
This is an index of the most valuable private equity or venture capital-funded companies in India founded after 2000.
As per the index India will have 122 new unicorns in the next two to four years and these unicorns currently have a cumulative value of $49 billion.
The cumulative valuation of gazelles featured in the index increased by more than 54% year-on-year to $31 billion.
In just one year the number of cheetahs has increased by 31% to 71.
Bengaluru, the start-up capital of the country, alone would add 46 new unicorns, to its existing tally of 33, in the next two to four years.
Delhi NCR would add 25 new unicorns, Mumbai 16, Chennai 5, Pune 3 unicorns while the rest are expected to come from 20 other cities.
The index mentioned that venture capital firm Sequoia became the most active investor in the country’s start-up ecosystem followed by Tiger Global which holds stake in 27 future unicorns.
HRI stated that India has emerged as the third largest ecosystem for start-ups after US and China, and saw a record 44 start-ups turning into Unicorns in 2021.
Note: Term Unicorn was first published in 2013. It was coined by venture capitalist Aileen Lee.